PM to announce Rs8 per unit power tariff reduction on Mar 23

ISLAMABAD: Prime Minister Shehbaz Sharif will reportedly reduce the electricity tariff by Rs8 per unit on March 23, following approval from the International Monetary Fund (IMF).

The revised rates will take effect from April 1, 2025, with consumers expected to see lower bills starting in May, The News reported on Wednesday. 

“However, out of Rs8 per unit, Rs4.73 per unit reduction in tariff will continue on a permanent basis as a result of scrapping agreements with six IPPs, revising power purchase agreements (PPAs) of 16 IPPs on take and pay mode, delinking bagasse power plants from US dollar and lining them with Pak rupee and scaling down the RoE (Return and Equity) of government power plants (GPPs) to 13