Electricity tariff increased for residential consumers

Published: September 30, 2013
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Earlier, electricity tariff for agriculture sector and textile industry were also increased. PHOTO: FILE

Earlier, electricity tariff for agriculture sector and textile industry were also increased. PHOTO: FILE

ISLAMABAD: The electricity tariff, which was expected to increase by 30% from October 1, for residential consumers was increased by Rs5.89 per unit on those people who consume 201-300 units of electricity and by Rs 3.67 per unit on those who consume 301-700 units of electricity, Express News reported on Monday.

The increase in electricity tariff is one of the requirements of the loan deal the government struck with the IMF.

The electricity tariff for the agriculture sector was also earlier increased and the subsidy for the sector was cut.  This was done as a requirement for the initial reimbursement of the loan given by the IMF.

There was also a sudden increase in electricity tariff on the textile industry.

The increase in electricity tariff is expected to affect economic growth as power consumption makes up a large part of the basket of items used to calculate inflation.

The central bank, by raising the interest rate has already taken a step which is expected to have a higher inflationary pressure in the coming months.

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Reader Comments (26)

  • Najmee
    Sep 30, 2013 - 3:59PM

    Once in power, we will break the begging bowl and wouldn’t put the masses under the burden of loans – PML-N before the election

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  • Nadir
    Sep 30, 2013 - 4:00PM

    Thank you Punjab! If IK was PM electricity prices would be FALLING by now!

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  • Mj
    Sep 30, 2013 - 4:01PM

    The increase amounts to an additional 2,049Rs. for those consuming 700 units or more.

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  • Khan Jr
    Sep 30, 2013 - 4:07PM

    Let’s hope the impending cooler weather brings some temporary relief to our patched pockets.

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  • Pakistani
    Sep 30, 2013 - 4:07PM

    God Bless our country and get rid of these Corrupt Politicians.

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  • Libra
    Sep 30, 2013 - 4:08PM

    Has Financial Matters including ministry been leased to IMF?

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  • Malik Liaquat Hussain
    Sep 30, 2013 - 4:11PM

    Zardari sb people are remembering your gloden period.

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  • Muddassir
    Sep 30, 2013 - 4:21PM

    that’s it ET!… had it been KPK/ IK government, you would have written even op ed on this. But now not even a signle line on the govt role for unleashing this wrath on the masses.

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  • Ali Tipu
    Sep 30, 2013 - 5:25PM

    Its all because of Imran Khan and PTI.

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  • Maq
    Sep 30, 2013 - 5:26PM

    This is cruelty. Lower middle class is being dumped here.

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  • Hardliner
    Sep 30, 2013 - 5:39PM

    I have a feeling that I won’t ever hear people saying “Sher, Ek Wari Fer”

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  • Ahmad
    Sep 30, 2013 - 5:48PM

    I miss Musharaf….

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  • Last Word
    Sep 30, 2013 - 6:02PM

    @Nadir: ‘If IK was PM—–‘
    You forgot to mention many other things ie If IK was PM, he would have solved all major problems like terrorism, corruption, power, unemployment etc within three months and Pakistan would have become a progressive state by now.

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  • Paindoo
    Sep 30, 2013 - 6:02PM

    Yet another economic blast by PML-N, stay tuned for more.

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  • Ashkenazi
    Sep 30, 2013 - 6:03PM

    Looks like we are IMFed.

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  • Last Word
    Sep 30, 2013 - 6:57PM

    Such a steep rise means that a consumer in Pakistan shall have to pay Rs 15 to 20 per unit consumption of electricity which is extremely high as compared to India which ranges between Rs 5 to 7 per unit for domestic usage. This abrupt rise would put a great burden on a common man who is already reeling under steep rise in prices of all commodities.

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  • ali ahmed
    Sep 30, 2013 - 6:59PM

    when we will be in power we will price of 1990..well done Nawaz Shareef

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  • sikandarshahali
    Sep 30, 2013 - 7:21PM

    thank you punjab for this bonzana,many more to come in the upcoming days.

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  • Zen
    Sep 30, 2013 - 7:53PM

    Happy 1st. October.

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  • Iftikhar Khan
    Sep 30, 2013 - 8:27PM

    Tariffs like load shedding should also be more in areas from where there is more theft. Give incentive to people to report and go after those who are stealing.

    Should provide status in each bill about the usage vs collection for the relevant area in the bill.

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  • Baba Ji
    Sep 30, 2013 - 8:42PM

    Excellent … We must contribute to the national exchequer … I love democracy !!! My suggestion is to raise to a rounded off figure of 5 Rs. and 10 Rs. for the two consumer groups.Very good step taken by PML(N) …

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  • Aimal
    Sep 30, 2013 - 8:43PM

    It’s just because of IMRAN KHAN!!!! ET what do you think?Recommend

  • mc duffy
    Sep 30, 2013 - 9:20PM

    @sikandarshahali:

    well sindh nearly destroyed pakistan when ppp govt ruled for past many years!

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  • Adnan
    Sep 30, 2013 - 9:48PM

    if the price increase stopped load shading then eventually it will be good for economy

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  • Yusuf
    Sep 30, 2013 - 10:33PM

    I do not believe electricity price increase, petrol and diesel increase, depreciation of good Pakistan Rupee against western countries is by IMF. If this was the case, there is no political mandate to go IMF. The way out is Not IMF.

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  • unbelievable
    Sep 30, 2013 - 11:53PM

    The real shame is that it took the IMF for the govt to finally recognize that subsidizing energy makes no sense when you have an energy crisis. For that matter when your out of money you can’t afford to subsidize anything. No such thing as a free lunch.

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