The federal government has approved 2 per cent increase in power rates under agreement with IMF here on Monday. Notification has been issued in this regard According to details, the federal government in line with the agreement with IMF for getting aid has decided to end subsidy given to consumers thus issuing notification of 2 per cent increase in power rates here on Monday. The increase in power rates would be implemented from 1 November. The increase would be implemented on domestic, commercial and lifeline consumers. Sources told that the government decided to increase power rates every month as against finishing the given subsidy at once to reduce the burden on masses.