Showing posts with label Ishaq Dar. Show all posts
Showing posts with label Ishaq Dar. Show all posts

Tuesday, January 7, 2014

Further increase in Electricity Prices


The government of Pakistan has decided to lessen the subsidy of electricity to be given to the public this year from 25% after which the electricity prices would further get increased.

According to the Pakistani media reports, government has reminded IMF regarding lessening of subsidy from 25%. This subsidy shall be lessened from 75% in the coming three years.

According to the reports, the governor of state bank and treasury minister Ishaq Dar has sent a missive to IMF in this regard.

It has been reminded in the letter that the subsidy of electricity should be restrained till 200 units. The increase in electricity prices for industrial and commercial sector is still under consideration.

According to reports, this decision has been made with the consent of all the provinces under National energy policy.