ECC approves tariff hike of Rs1.09 for K-Electric

ISLAMABAD : The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved an increase of Rs1.09 per unit in the tariff for K-Electric consumers. The economic decision-making body meeting presided over by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh approved quarterly adjustment of K-Electric tariff for the period 2016 to 2019. In the meantime, it directed the Finance and Power Divisions to facilitate K-Electric through subsidy amounting to Rs4.7 billion. ECC also approved $142 million for meeting the financial requirements of hotel Roosevelt.