Pakistan
Government approves hike of Rs 4.74 in electricity prices for December

ISLAMABAD:– Government of Pakistan (GOP) on Thursday approved a hike of Rs4.74 in electricity prices for the month of December.
According to details, National Electric Power Regulatory Authority (NEPRA) issued a notification on electricity price hike. As per details, the notification identified that the electricity consumers will have to face an extra burden of Rs6 billion. This increase will not be implemented on K-electric and Life Line customers.

The customers will have to bear the increased price from December.
Earlier in November, Adviser to Prime Minister on Finance and Revenue Shaukat Tarin said Pakistan had agreed with the International Monetary Fund (IMF) to increase the electricity prices in Pakistan.
While talking to media, after receiving a confirmation from the IMF the PM s aide said that it was an “uphill task to back out from the programme after the receipt of $500 million from the Fund.”
At the conference, he was flanked by Federal Minister for Energy Hammad Azhar.
“Negotiations with the IMF have ended successfully,” he said, adding that the IMF has called for tax reforms to continue.
“The Asia Development Bank (ADB) and the World Bank will also provide us with funds,” he maintained.
Tarin stated that the Fund has directed Pakistan to improve the tax system, stabilize spending, and fiscal discipline in order to continue the provision of tax reforms.
“Further improvement is needed in the tax reforms,” Tarin said, citing the conditions of the Fund.
The adviser further added that the transparency of the state-owned enterprise needs to be enhanced.
-
Business3 months ago
Pakistan and China agree to execute $10BN Ml-1 Project
-
Pakistan4 months ago
Consultation over next army chief will begin in November, says Minister Defence
-
Pakistan4 months ago
US President Biden vows to continue support for Pakistan amid humanitarian crisis
-
Pakistan4 months ago
IHC Decides against indicting PTI Chairman Imran khan in contempt case
-
Pakistan2 months ago
Ex-COAS Gen (R) Bajwa meets Ex-CJP Saqib Nisar: Report
-
Pakistan4 months ago
Islamabad Local Court Grants One-Day Physical Remand of Journalist Ayaz Amir
-
Pakistan2 months ago
Judge who reserved verdict on Azam Swati’ bail plea transferred to IHC
-
Pakistan2 months ago
ECP contempt case: Imran Khan, others summoned on January 3
-
Pakistan4 weeks ago
Controversial tweets: IHC approves post-arrest bail plea of Senator Azam Swati