In another shock to the people, the federal government on Wednesday approved up to 51 percent or Rs 7.12 increase in the per-unit price of electricity from July, The Tribune reported.
With immediate effect, a whopping 32.5 million consumers, predominantly households, will be compelled to spend an additional at least Rs580 billion in this fiscal year.
Furthermore, among these 32.5 million consumers, around 26 million households fall in the poorest to low-middle-income groups category. The burden of this price increase will fall on these households.
The International Monetary Fund (IMF) had set many conditions for the government to qualify for the next bailout package, including increasing the power tariff.
For the first time, the government has also imposed fixed monthly charges on residential electricity consumers, ranging from Rs 200 to Rs 1,000 per unit.
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