No increase in power tariff for consumers of 200 units per month: PM Shehbaz Sharif

LAHORE: Prime Minister Muhammad Shehbaz Sharif on Monday said that the 63% domestic consumers using up to 200 units per month would be exempted from the recent increase in power tariff.

Besides, he said a partial subsidy was also being given to the consumers of up to 300 units per month which comprise of around 31% of the total domestic consumers.

“Due to the toughest conditions from the International Monetary Fund (IMF), the government had to raise the electricity prices but I stressed that the burden should not be passed on the protected segments of the society,” he said after witnessing the signing of a framework agreement between State Oil company of Azerbaijan Republic (SOCAR) and Pakistan LNG Limited (PLL) here.

The framework agreement was signed by Managing Director PLL Masood Nabi and Chief Executive Officer of SOCAR Trading Mariam Almaszade.

Minister of State for Petroleum Musadik Malik, Governor Punjab Baleegh Ur Rehman, diplomats and government officials were also present on the occasion. Under this framework agreement SOCAR Trading has offered LNG supply to Pakistan in the form of one cargo per month, on flexible terms and with the credit lines for 30 days after delivery of the cargo in one year contract which is extendable by another year. – News Agencies