Islamabad:
Prime Minister Shehbaz Sharif was expected to announce a reduction of RS8 per unit at the electricity rate on March 23 to the next the approval of the government’s proposals for the International Monetary Fund (IMF), the sources said Wednesday.
According to sources, officials of the Ministry of Finance and the Energy Division were considering several options to reduce electricity prices in RS2 per unit, while the Government was aimed at implementing a RS6 reduction as a permanent adjustment.
“The proposal will end before March 23,” Fuentes said, adding that the reduced rate would be implemented as of April 1. “Therefore, electricity consumers will reduce May invoices,” added the source. “Out of the total RS8 reduction per unit, RS 4.73 per unit will be a permanent adjustment.”
The change in the rate occurred after the cancellation of contracts with six independent energy producers (IPP), and the review of review energy with 16 IPP and convert them into a “take and paid” model, according to the sources.
Convert the power plants based on the bagazo of US dollars to the Pakistani rupe, in which the US dollar has set in RS168, and the 13% reduction in the return of capital (ROE) for government power plants (GPP) also contributed to the reduction of the tariff.
The authorities have said that now the reduction of the tariff will be calculated taking into account the impact of the prices of oil products, which were reduced in the international market as of March 16, 2025. The estimated fiscal impact of maintaining current oil prices is approximately RS168 billion.
