20pc raise in power tariff
Thursday, July 16, 2009
The News International, Pakistan, Thursday, July 16, 2009
ISLAMABAD: Pakistan, the World Bank and the Asian Development Bank have agreed to increase power tariff by 17.5 to 20 per cent in phases. However, the tariff in real terms will go up to 24-25 per cent with compound effect, a senior official told The News.
“President Asif Zardari allowed the government to recover Rs55 billion through increase in power tariff in phases. And we have intimated the IMF and the World Bank about the decision of the president of Pakistan,” Asif Bajwa, spokesman and Additional Secretary of the Ministry of Finance told The News.
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ISLAMABAD: Pakistan, the World Bank and the Asian Development Bank have agreed to increase power tariff by 17.5 to 20 per cent in phases. However, the tariff in real terms will go up to 24-25 per cent with compound effect, a senior official told The News.
“President Asif Zardari allowed the government to recover Rs55 billion through increase in power tariff in phases. And we have intimated the IMF and the World Bank about the decision of the president of Pakistan,” Asif Bajwa, spokesman and Additional Secretary of the Ministry of Finance told The News.
More
Labels: Eergy, Power Tarrifs, Zardari
posted @ 7:52 AM,
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