Government has decided to increase electricity rates in the country up to 6% from 1st July 2010 to overcome its budget deficit according to directives of IMF.
According to Private TV channel report these electricity rates have been increased to overcome budget deficit and through these increased electricity rates the government would be able to earn Rs. 8 billion.
It is also worth mentioning that the decision of increased electricity rates would be implemented from 1st April 2010 and the previous dues will be inducted in upcoming electricity bills with three installments.
Increased electricity rates would be implemented on all the consumers without any relaxation even on the consumers using less than One hundred electricity units per month. Sources further said that these electricity rates have been increased according to the directives of IMF to annul the government subsidy on electricity.