Pakistan in Media

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Power tariff up by 22 per cent

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The News International, Pakistan, Sunday, July 19, 2009
ISLAMABAD: The government on Saturday announced for the first time publicly to increase power tariff by 22 per cent in three phases, which will be in real term standing at around 25 per cent with compound effect in current fiscal year to generate Rs 55 billion in line with an agreement struck with the WB and ADB.

“Yes, we will raise power tariff in the range of 10 per cent on October 1, 2009, 5 to 6 per cent on January 1, 2010 and 6 per cent on April 1, 2010 in line with the agreement with the World Bank and Asian Development Bank,” Additional Secretary, Ministry of Water and Power, Zarar Aslam, said while briefing reporters here on Saturday.
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