No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
No Result
View All Result
No Result
View All Result

Power tariff may increase by Rs8 per unit

News Desk by News Desk
May 31, 2022
in Featured, Latest News, National, Top News
Reading Time: 1 min read
Nepra fines NTDC for ‘failing to restore electricity in time’ following countrywide breakdown last year
Share on FacebookShare on Twitter

ISLAMABAD: The inflation crisis may increase as the government might increase the power tariff per unit from Rs16 to Rs24. The new rates will apply from July 1. The development comes amid the conditions by International Monetary Fund (IMF) for the revival of the $6 billion bailout programme.

The IMF has demanded that subsidies on food items, fuel, and electricity be ended. Recently, petroleum products were increased by Rs30 per litre to fulfill IMF’s requirements. As per the sources, the increase in electricity prices will occur in phases by applying basic tariffs.

The hike in electricity prices has been demanded by 10 companies responsible for power distribution.

The decision to increase the prices will await the approval of Nepra and the federal government after foreseeing the subsidy targets.

News Desk

News Desk

Related Posts

Imran Riaz Khan arrested in Islamabad
Featured

Imran Riaz Khan arrested in Islamabad

July 5, 2022
Pakistani movies ready to entertain people on Eid-ul-Azha
Entertainment

Pakistani movies ready to entertain people on Eid-ul-Azha

July 5, 2022
Suicide attack in Karachi University kills four, three injured
Featured

Brains behind the Chinese institute bombing in KU arrested: police

July 5, 2022

Leave a Reply Cancel reply

Your email address will not be published.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

TOP NEWS

Imran Riaz Khan arrested in Islamabad

Imran Riaz Khan arrested in Islamabad

by News Desk
July 5, 2022

Pro-Pakistan Tehreek-i-Insaf journalist and renowned TV personality Imran Riaz Khan was arrested in Islamabad on Tuesday, revealed his counsel. According...

Pakistani movies ready to entertain people on Eid-ul-Azha

Pakistani movies ready to entertain people on Eid-ul-Azha

by Zain Aijaz
July 5, 2022

This Eid-ul-Azha, the Pakistan film industry is all prepared to entertain the local audience with entertaining movies. Movie-lovers will get...

Suicide attack in Karachi University kills four, three injured

Brains behind the Chinese institute bombing in KU arrested: police

by News Desk
July 5, 2022

The police officials claim to have arrested the mastermind of the suicide attack at Confucious Institute at the Karachi University....

Sindh education department to introduce transgender education policy

Sindh becomes first province of Pakistan to reserve job quota for transgenders

by Zain Aijaz
July 5, 2022

KARACHI: On Monday, Sindh Assembly passed the law to reserve 0.5 per cent of jobs for the transgender community. The...

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
  • Tech
  • Stories

Copyright © 2022 The Upcut. All rights reserved.