ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif said on Monday that the country’s power tariffs had been increased under an International Monetary Fund deal.
“We had to increase electricity prices because of the IMF deal,” he said at an event in Islamabad, adding, that it would not impact poorer citizens.
Sharif said consumption of up to 200 units, which make up 63 percent of total consumers, will be exempted from the tariff increase, adding that another 31 percent will also have a partial subsidy.
He said the rise will be up to 5.75 rupee ($0.020) a unit.
The lender had pointed out that liquidity conditions in the power sector remained acute, with a buildup of arrears.
The arrears to Pakistan’s power generation companies have accumulated in billions of dollars.
