Federal government has decided to hike electricity prices by Rs7 besides privatization of profitable public-owned DISCOs after talks with the International Monetary Fund for the release of a US$1 billion tranche.
According to sources privy to the matter, the hike of Rs 7 in electricity prices would include an increase in basic tariff and fuel adjustment charges. “The hike in power tariff will be applicable from July 1,” they said. Moreover, the IMF has also expressed concern over the Rs2,600 billion power tariff and suggested the government immediately privatize the public-owned profitable DISCOs.
