Govt decides to hike power tariff by 7.5 percent from July, 1

Government has decided to raise power tariff by 7.5 percent from July, 1. According to a private T.V channel, finance ministry sources told government was in dire need of financial resources to keep the fiscal deficit within targeted limit of 5.3 percent. In this connection Ittesalat has been asked to make payment of 500 million dollars on emergency basis and then all the property will be transferred to Ittesalat within 10 days of this payment. Sources told government had failed to get tranche of 900 million dollars from IMF due to non -raising the tariff.__Nation

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Filed Under: Pakistan