The federal cabinet on Friday decided the approval of an increase in power pricelist by 1.68 per unit, reported to Geo news.
Sources added that the approval was given by the cabinet through a circulation of summary.
Considering the summary sent by the Federal Ministry of Energy for endorsement, the government approve the increase of electricity prices of 1.68 per unit.
According to a report by Geo news, the government sought consent from the federal cabinet to raise electricity prices to stay in the International Monetary Fund (IMF) program.
According to the summary, the maximum per-unit energy tariff for domestic users is recommended at Rs24.33 per unit.
According to the analyst, the power pricing decision will result in an Rs72 billion drop in electricity subsidies for the remainder of the current fiscal year, citing a summary distributed among cabinet members.
