February 12, 2023
1 min read

Pakistan okays power tariff hike to pacify IMF

Pakistan cabinet approved imposition of a special financing surcharge of 3.39 PKR per unit in average power tariff..reports Asian Lite News

Moving swiftly to meet prior actions of the IMF programme, the Economic Coordination Committee (ECC) of the Pakistan cabinet approved imposition of a special financing surcharge of 3.39 PKR per unit in average power tariff, in addition to quarterly tariff adjustments of up to 3.21 PKR per unit for a year and recovery of pending fuel cost adjustments of up to 4 PKR per unit for about three months.

While the financing surcharge would remain a regular part of average base national tariff, the two other tariff adjustments would sometimes be overlapping simultaneously and fluctuating at other times, reports Dawn news.

In addition, another surcharge at the rate of 1 PKR per unit has been approved in advance for the next fiscal year (FY24), on top of an existing and continuing financing surcharge of 43 paise per unit to cover power sector debt servicing.

ALSO READ: Pakistan Pledges Military Assistance to Sri Lanka

Previous Story

UAE sends 117 tonnes of relief supplies to Turkey, Syria

Next Story

French continue to protest against pension reform

Latest from -Top News

US deports 2,790 Indians in 2025

The MEA on Thursday confirmed that over 2,790 Indians were deported from the US this year after authorities verified their identity and nationality….reports Asian Lite News The Ministry of External Affairs (MEA) confirmed on

India–Cyprus talks on future plan

EAM Jaishankar expressed appreciation for Cyprus’ support for India on cross-border terrorism….reports Asian Lite News External Affairs Minister S. Jaishankar and Cyprus Foreign Minister Constantinos Kombos met in New Delhi on Thursday

Rajnath Singh off for ASEAN meet

Singh is expected to hold bilateral meetings with counterparts from the participating ADMM-Plus nations ..reports Asian Lite News Defence Minister Rajnath Singh departed for Kuala Lumpur on Thursday to attend the 12th

India, South Africa boost cultural bonds

On Wednesday, Shekhawat participated in the 4th G20 Cultural Working Group Plenary Meeting under South Africa’s G20 Presidency. ..reports Asian Lite News Union Minister of Culture and Tourism Gajendra Singh Shekhawat met
Go toTop

Don't Miss

Pakistan to woo gulf investments

The Diamer-Bhasha dam has also been offered to China for

‘Pak is yet to show sincerity on 26/11 attacks’

The MEA’s extensive annual report for 2021-2022, also stated that