Electricity prices likely to be increased significantly in Pakistan

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Electricity prices likely to be increased significantly in Pakistan

ISLAMABAD - The Federal government is likely to increase electricity prices across Pakistan, reliable sources have revealed.

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

According to sources, the government will collect additional Rs400 billion after hike in power tariff which is being carried out for 2016-17 and 2017-18.

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