The National Electric Power Regulatory Authority (Nepra) increased the electricity tariff on demand of International Monetary Fund (IMF). The electricity tariff increased by Rs 4.96 per unit charges.
The new base rates will apply slab-wise to the power consumers from July 1, 2023 if the government approves Nepra’s summary.
Read more | Electricity cuts continued unannounced
The peak hours of electricity charges are also increased by two hours. From 6pm-10pm, the time had been changed to 5pm-11pm according to the recent notification.
IMF Demands & Inflation
The International Monetary Fund (IMF) not only granted a bailout package for Pakistan but also demanded a lot of measures including increasing power tariffs, petroleum rates and income tax. These demands are continuously burdening the masses.
The consumers using 100 units per month will see a rise in their base tariff from Rs 13.4 per unit to Rs 18.36 per unit, with their bill amount increasing to Rs 1,836. The monthly bill of people using 200 units per month will go up from Rs 3,700 to Rs 4,700.
For people using 500 per unit will get the rise of Rs 13,000 to Rs 16,000 in their bills.
Not only in electricity tariff, measures are also taken in various other fields to meet the demands of International Monetary Fund (IMF), keeping in view that country is soon going to hold elections for next political year.
Read more | Milk price hike in Pakistan
The current government is going to give up before its expiry date and then the Election Commission of Pakistan (ECP) will announce the date for elections after 60 days of retirement of current government.