ISLAMABAD: As directed by SIFC (Special Investment Finance Council), the Power Division has submitted the draft of the new electricity tariff design to the Ministry of Finance to accelerate the economic development of the country as per the existing tariff system. For this, approval can be obtained from the IMF. Set up the system in such a way that economic activity can accelerate at a faster rate. The caretaker Ministry of Energy, while talking to The News, confirmed that the Power Division has completed its work on restructuring the current electricity tariff system and submitted it to the Finance Ministry, which has sent it to the IMF for approval. Officials will raise, at present, the total cost of a power unit consists of 72 percent fixed charges and 28 percent variable charges but on the revenue side, fixed charges are only 2 percent and variable charges are 98 percent.

Source: The Patriot January 18, 2024 14:19 UTC