Islamabad: The federal cabinet has approved hike in basic tariff for electricity.
The basic tariff climbed to Rs 35.50 while it will be applicable from July 1 this year.
The National Electricity Power Regulatory Authority (NEPRA) had sent decision of hiking the basic tariff by Rs 5.72 to the federal government.
The federal cabinet has taken the decision to implement a major condition of the International Monetary Fund (IMF) — to increase the tariff on electricity.
The federal cabinet has approved an increase in the basic tariff of electricity and approval has been taken through circulation summary.
National Electric Power Regulatory Authority (Nepra) had sent the decision to the federal government to increase the basic tariff of electricity by an average of Rs5.72 per unit.
According to the government sources, the decision of the federal cabinet will be sent to Nepra for uniform tariff.
Following the approval of Nepra, the federal government will issue a notification to increase the basic tariff of electricity.
In the last financial year ended on June 30, the federal government had increased the basic electricity tariff by Rs7.50 and in the financial year 2022-23 the basic electricity tariff had been increased by Rs 7.91 per unit.
