Saturday, June 20, 2009

No let up in price hike; power tariff to rise 17% from July 1 Updated at: 2148 PST, Saturday, June 20, 2009


ISLAMABAD: The withdrawal Rs65 billion subsidy on electricity announced in the federal budget is likely increase the power tariff by 17 per cent from July 1.

According to the figures released by WAPDA, Pakistan Electric Power Company (PEPCO) is facing a deficit of Rs400 billion.

The report sent to the government by PEPCO prior to the announcement of the budget said the power tariff was kept frozen during the 5-year term of form ... Full Story

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