Summary Govt has decided to increase electricity rates for industrial sector immediately.
ISLAMABAD (Dunya News) - Federal Minister for Water and Power Khawaja Muhammad Asif has said that the government has decided to increase power tariff for industrial sector from July while electricity rates for the domestic consumers will be increased in 2 to 3 months.
This he stated while giving an interview to a British TV channel on Friday.
Khawaja Asif said the government has earmarked some subsidy in the budget but it was less as compared to previous government, adding that government had now decided to end subsidy completely.
Talking about the circular debt the minister said, it can be tackled by increasing electricity tariff, adding that if the electricity rate increase was deferred for 2 to 3 months then circular debt will increase by 100 and 150 billion.
