No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Government plans to collect Rs721 billion by increasing electricity tariff

Zain Aijaz by Zain Aijaz
August 8, 2023
in Featured, Top News
Reading Time: 1 min read
Government plans to increase electricity tariff

In the current financial year, the government plans to collect an additional Rs721 billion from electricity consumers. The framework to increase the electricity tariff & reduce the revolving credit has been shared with the IMF.

According to the prescribed framework, the electricity price will be increased by Rs1.25 per unit till September, which will help in the collection of Rs721 billion in the current financial year. A revenue of Rs39 billion is likely to be obtained by jacking up the quarterly adjustment of the electricity tariff.

According to sources, electricity prices would hike by Rs4.37 per unit due to fuel adjustment during the time period of September to December. By December, Rs122 billion will be obtained by increasing the price of electricity in the context of fuel adjustment. On the other hand, the annual rebasing will result in Rs560 billion by increasing the price of electricity by Rs5.75.

Media reports suggest that the received money will be used to reduce the revolving debt of the energy sector. The aim is to reduce the revolving credit of the power sector to Rs2,130 billion by the end of the current financial year. In June 2023, the revolving credit of the power sector was around Rs2700 billion.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

Related Posts

Killed
Latest News

Young trader killed during robbery bid in Karachi

December 2, 2024
KSE-100 index lose over 500 points as PSX experiences negative trend
Business

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

December 2, 2024
PTI suspends Islamabad protest following deadly clashes, appeals for justice
Featured

PTI suspends Islamabad protest following deadly clashes, appeals for justice

November 27, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Killed

Young trader killed during robbery bid in Karachi

by News Desk
December 2, 2024

A 22-year-old trader was tragically shot dead during a robbery attempt on New M.A. Jinnah Road on Sunday evening, according...

KSE-100 index lose over 500 points as PSX experiences negative trend

PSX soars over 1,200 points amid optimism on inflation and interest rate cuts

by News Desk
December 2, 2024

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Monday as the benchmark KSE-100 index surged 1,248.84 points, or...

PTI suspends Islamabad protest following deadly clashes, appeals for justice

PTI suspends Islamabad protest following deadly clashes, appeals for justice

by News Desk
November 27, 2024

The Pakistan Tehreek-e-Insaf (PTI) announced the suspension of its Islamabad sit-in early Wednesday after a day of intense clashes in...

PSX in boorish trend for second consecutive day; benchmark KSE-100 index lost over 700 points

KSE-100 Index surges over 600 points amid banking sector rally

by News Desk
November 25, 2024

Bullish sentiment dominated the Pakistan Stock Exchange (PSX) on Monday as the KSE-100 index climbed 621.85 points, or 0.64 per...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version