Electricity prices likely to be increased significantly in Pakistan

ISLAMABAD – The Federal government is likely to increase electricityprices across Pakistan, reliable sources have revealed.

The prices are likely to be increased by Rs3.75 per unit. The finaldecision will be taken in the Economic Coordination Committee meetingheaded by Finance Minister Asad Umer.

According to sources, the government will collect additional Rs400 billionafter hike in power tariff which is being carried out for 2016-17 and2017-18.

Read Top Stories

Pakistan Successfully Launches Indigenous EO-2 Earth Observation Satellite

Former PM Imran Khan Blinded in One Eye? Explosive Claim

Pakistan Air Force Set to Induct Advance Variant of China’s J-35 Stealth Fighters

Four Policemen Including SHO Martyred, DSP Injured in a Terrorist Attack in Pakistan

Earlier on September 26, the Economic Coordination Committee (ECC) of thecabinet had deferred the summary for increase in electricity prices afterFinance Minister Asad Umar objected to the tariff determination formula.