Pakistan approves a Rs5.72/unit increase in the power tariff.

Details indicate that the federal cabinet approved the increase via a circulating summary, the source claimed.

Source added; the decision will be forwarded to the National Electric Power Regulatory Authority (NEPRA) for consistent tariff implementation.

About the tariff increase, the Power Division will apply to NEPRA.

Made for the fiscal year 2024–2025, NEPRA decided upon this; the implementation date is July 1, 2024. Approved to be raised from Rs 29.78 to Rs 35.50 per unit, the average basic power tariff is

Revealed by the National Electronic Power Regulatory Authority (NEPRA), Pakistan’s power sector resulted in a Rs403 billion deficit in FY2022-23.

The NEPRA published a progress report on the distribution companies, including K-Electric, showing nine of them failed to reach a 100pc recovery.

The report stated the line losses and inadequate recoveries resulted in losses of Rs403 bln to the national kitty. According to the investigation, the businesses did not purchase the allocated share of the electricity.

The businesses doing loadshedding “deliberately” since they are not purchasing electricity in line with their quotas, the investigation claimed.