The Pakistan National Electric Power Regulatory Authority granted the Water and Power Development Authority (WAPDA) permission to raise electricity tariffs by 9.43 per cent from 1 April. The authority was granted retrospectively at the end of last month, although a conditional notification had been made on 27 March.
WAPDA is under pressure from the World Bank to increase its electricity sales in order to raise revenue. In the first three months of this year, the utility took revenues of between 50 per cent and 75 per cent of the level agreed with the Bank.
