KARACHI
Up to 95 paisas per unit increase in electricity rates is likely to meet the commitments made by Pakistan with the IMF. According to details, the tariff is likely to be raised by Rs0.08 per unit using over 100 units of electricity, followed by Rs0.18 per unit hike for over 200 units, Rs0.48 per unit for 201 to 300 units, and Rs0.95 per unit for 301 to 700 units. The increase in basic tariff will abolish an Rs20 billion annual subsidy from the government and the recommendations would be mulled over during the NEPRA hearing.
