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ISLAMABAD: The International Monetary Fund (IMF) has approved only a Re1 per unit reduction in electricity tariffs. This comes after a grid levy was imposed on industrial captive power plants. However, the Islamabad High Court (IHC) has stayed the decision for over a month. IMF Resident Representative in Islamabad, Mahir Binici, confirmed the tariff reduction. …
Continue reading “IMF Clears Minimal Power Tariff Cut, But Legal Hurdles Persist”
Prime Minister Shehbaz Sharif has announced further reductions in electricity tariffs for domestic consumers and industries. He assured that reforms in the electricity sector would continue to bring relief to the public. Chairing a review meeting in Islamabad on Friday, PM Shehbaz expressed satisfaction with ongoing reforms in the power sector. He said the measures …
Continue reading “PM Shehbaz Announces Further Cuts in Electricity Tariffs”
