As Pakistan continue to face economic challenges, the International Monetary Fund has made it tougher for the country to manage by rejecting the proposal for any tariff adjustment or provision of additional subsidy, Geo News reported.
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.
Following the protests by Jamaat-e-Islami over inflated power bills in Pakistan, a first information report (FIR) was lodged against JI in Peshawar on Sunday, reported The Express Tribune.
Amid increasing inflation and hiked power tariff, traders observed a shutter-down strike and took to the streets across Khyber Pakhtunkhwa on Saturday.
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.
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.
In response to growing public criticism, Jamaat-e-Islami (JI) agreed on Sunday to stage a nationwide strike against rising electricity rates on September 2, ARY News reported.
Following the surge in electricity bills carrying seven different levies, caused widespread protest in Khyber Pakhtunkhwa, reported The News International.
Business leaders said that the trade and industry are also battling to survive the increase in power tariff by almost Rs 10 per unit and they would not be able to survive the increase in the prices of petrol and diesel by Rs 17.50 and Rs 20 per litre, respectively.
Reflecting on the evolution of internet affordability, Prime Minister Modi juxtaposed the days of prohibitively expensive data tariffs before 2014 with the present, where India boasts the world's most accessible internet data rates.