#Nepra surprises consumers with alarming Rs4.96 hike in base #tariff
ISLAMABAD (MNP) – The National Electric Power Regulatory Authority (Nepra) on Friday approved a rise in the base tariff of electricity by Rs4.96 per unit and the sent the proposal to the federal government.
Although the increase in the base tariff, the hike was expected to be below Rs2.50 per unit. The decision – a product of the deal reached the International Monetary Fund’s (IMF) – represents the conditions that will certainly further burden the people who are already rattled by the record-breaking inflation.
The move comes as Prime Minister Shehbaz Sharif reassured IMF Managing Director Kristalina Georgieva that he would not tolerate an iota of violation of the agreement reached with the world’s top financial institution.
