Ministry of Energy (Power Division) has applied to Nepra, seeking approval for the transfer of three quarterly tariff adjustments (QTAs) pertaining to the fiscal year 2022-23.
The recent increase in electricity bills has further frustrated the people and traders who have already been heavily burdened by the rising inflation in Pakistan.
Amid stringent International Monetary Fund (IMF) restrictions, traders from throughout Pakistan joined protesters in a demonstration against a significant increase in electricity tariffs on Thursday, ARY News reported.
The development comes as the Pakistan caretaker government continues to hold talks for the third consecutive day in a bid to find ways to give relief to the protesting people.
Following Pakistan Interim Prime Minister Anwaarul Haq Kakar held an emergency meeting on Sunday over inflated-power bills, consumers continued to stage protests in the country on Monday as the government would hold another round of meeting today to discuss the issue, reported Dawn.
Every day in Pakistan, more people are joining the nationwide protest against excessive electricity prices. As a form of protest, people are taking to the streets and burning their banknotes, ARY News reported.
The Pakistan Tehreek-e-Insaf (PTI) blamed the Pakistan Muslim League-N party for the expensive electricity and also warned that the raye might jump around Pakistani Rupee (PKR) 85 per unit in the next few months.
Following soaring demand of electricity, Pakistan may need to build power plants within respective deadlines and bring in the additional cheaper power sources, according to a study, reported The News International.
As temperature shoots in the second largest city of Pakistan, Lahore, the Electric Supply Company of the city called LESCO has reported an increase in the demand for electricity, according to ARY News.