ISLAMABAD – The federal government has filed a petition with the NationalElectric Power Regulatory Authority (Nepra) seeking Rs6 per unit increasein power tariff for consumers of Karachi Electric (KE)
The power regulator will hear the application on April 3. The governmentwill collect the additional amount from the consumers from the period ofApril to June 2023 fi the application is approved.
The increase in the electricity prices will add to the woes of the millionsof Pakistanis facing record inflation that has surged to 48-year high.
The cash-strapped country is making all possible efforts to win over thetrust of the International Monetary Fund (IMF) for release of the ninthtranche of loan stalled since last year.
Read Top Stories
A key hurdle in the revival of the bailout package is the major demand ofthe global lander regarding assurance from the friendly countries forexternal financing. The South Asian country is trying to woo Saudi Arabiaand the United Arab Emirates (UAE) to get their assurance however it is yetto receive positive signals.
