Electricity prices in Pakistan are going up again, which means more financial problems for the people.
The basic electricity tariff is likely to be increased by 5 rupees. For consumers using 100 units, the bill will be 1036 rupees, excluding taxes, due to the demand from the IMF. The final decision on imposing these taxes will be made by the federal government.
If the government agrees with NEPRA’s suggestions, domestic consumers will face an increased burden based on their usage. The tariff for the first 100 units will rise from 13 to 18 rupees. For 200 units, the tariff will be 23.91 rupees, resulting in a bill increase from 3700 to 4700 rupees, excluding taxes. For 300 units, the bill will go up from 6000 to 8000 rupees. And for 400 units, the bill will increase from 10000 to 12000 rupees.
This increase is because the International Monetary Fund (IMF) asked for it to address Pakistan’s financial needs. In the past, the government added heavy taxes to get bailout funds from the IMF.
Even though people were hoping for some relief after getting funds from the IMF and other friendly nations, the big rise in power prices is making things worse. The IMF also wants to end subsidies for the rich and collect more taxes from higher-income people to stabilize the country’s economy without needing to restructure debts.
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