Islamabad: Government is set to announce an electricity tariff reduction of Rs8 per unit.
Prime Minister Shehbaz Sharif expected to make the official announcement on March 23 following approval from the International Monetary Fund (IMF).
According to sources, the Ministry of Finance and Power Division are exploring additional measures to further reduce electricity rates by Rs 2 per unit.
A final decision will be made before the announcement.
The reduction, effective from April 1, 2025, will reflect in consumer bills from May. Of the Rs 8 per unit cut, Rs 4.73 per unit will be a permanent adjustment.
Earlier, the IMF has agreed to approve this relief, acknowledging the government’s decision to freeze oil prices for three months. If international oil prices drop further, the financial impact could reach Rs250 billion. However, the Rs 1.30 per unit relief will only be available for one month.
Additionally, sources indicate that the Rs 35 PTV fee included in electricity bills may be removed starting in July 2025.
For the fiscal year 2026 budget, the government plans to allocate funds to sustain PTV operations without relying on electricity bill collections.
