Govt approves power tariff hike to pacify IMF

A family sits by its tent in front of DPS thermal power station in Muzaffargah, Punjab Province Pakistan, on September 5, 2010. (AFP)

February 11: Dawn reported, Moving swiftly to meet prior actions of the IMF programme, the Economic Coordination Committee (ECC) of the cabinet on Friday approved imposition of a special financing surcharge of Rs3.39 per unit in average power tariff, in addition to quarterly tariff adjustments of up to Rs3.21 per unit for one year and recovery of pending fuel cost adjustments of up to Rs4 per unit for about three months. Read More I