Decision to increase the cost of electricity by Rs.08 per unit

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Islamabad (Dharti News) The details of the circular debt management plan between the government of Pakistan and the IMF have come out. According to the document, Pakistan has given a plan to increase the price of electricity on three bases until November 2023. The government will increase the price of electricity by Rs 7.91 per unit. It will be increased by Rs 3.21 per unit in the first quarter from February to March. In the second quarter of March to May, electricity will be more expensive by Rs 0.69 per unit. In the third quarter of June to August, electricity rates will be increased by another Rs 1.64 per unit. There will be a further increase of Rs 1.98 per unit rate of electricity in the fourth quarter of September to November. Under the Kisan package, electricity subsidy will have to be abolished from March 1. This will save 65 billion rupees. The IMF imposed a condition of reduction of 16.2 billion rupees in technical losses of electricity. A 0.58% improvement in the recovery of electricity distribution companies was agreed to from the IMF. Another 35 billion rupees will be collected from consumers in the context of November fuel charge adjustment by March. In the context of March to November fuel charge adjustment. 14 billion rupees will be collected as sales tax. The IMF has set a recovery target of 90.4 percent for electricity distribution companies.