Power Division issued a notification of the massive hike of electricity tariff fo all kinds of consumers including Karachi residents.
Earlier, the federal government approved an increase in electricity prices for commercial, agricultural, and large consumers.
New rates include an Rs 8 per unit hike for commercial consumers, Rs 6.5 for the agricultural sector, and Rs 5.5 per unit for large consumers. The tariff for commercial consumers will rise by Rs 8.04 per unit, bringing the new rate to Rs 77.15 per unit starting in July.
It is pertinent to note that a new staff-level loan agreement has been reached between Pakistan and the International Monetary Fund (IMF) under which the country will receive $7 billion over 37 months. The final approval of the loan will be given by the IMF Executive Board.
In a statement issued by IMF’s Mission Chief to Pakistan Nathan Porter, "The Pakistani authorities and the IMF team have reached a staff-level agreement on a comprehensive program endorsed by the federal and provincial governments, that could be supported by a 37-month Extended Fund Arrangement (EFF) in the amount equivalent to SDR 5,320 million (or about US$7 billion at current exchange rates)."
Electricity Bill calculation for different consumption levels:
Read more: Electricity bills calculator as per new tariff slabs
Read more: Electricity tariff massively hiked for all kinds of consumers
