On the International Monetary Fund’s (IMF) demands, Pakistan jacked up electricity and gas tariffs in 2023, causing an additional burden of over Rs2,200 billion on the consumers, VOS News reported.
As per details, the Pakistan government jacked up the electricity tariff by Rs10.73 per unit in 2023 and ended Kisan and Exports sector packages worth Rs65 billion to minimise the losses on the IMF’s demand.
Power consumers were slapped with a permanent surcharge of Rs3.23/ unit, monthly, and quarterly adjustments and other charges that ultimately put a burden of over Rs1,150 billion on the consumers in 2023.
In 2023, the electricity tariff was increased 10 times under monthly fuel adjustments.
Meanwhile, the Pakistani government increased the gas tariff by a whopping 312% in 2023 on the International Monetary Fund’s demand to address the circular debt issue in the energy sector.
