Lahore, Pakistan News : In order to get rid of the subsidy culture, the electricity rates would be increased by 18% by April next year, said the Finance Minister Shaukat Tareen in press conference at Islamabad Monday.

He said that the increase in electricity prices has been considered in the negotiations with the IMF in Dubai in two stages.

In the first stage, since January 1, there will be a 12% increase in electricity prices, whereas in the second, there will be a further 6% increase from April 1.

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12% increase in electricity prices was first posted on November 16, 2009 at 10:04 pm.

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