‘Framework will be introduced to facilitate the plan’
Islamabad: The government has planned to impose a 10% surcharge on electricity bills in an effort to control the growing circular debt.
According to details, an amendment will be made to the NEPRA Act to enable the implementation of this surcharge on electricity bills.
The report states that a framework will be introduced to facilitate the plan, after which the federal government will have the authority to impose the surcharge under the Debt Servicing Surcharge (DSS) mechanism.
According to energy experts, this is a politically risky move, but it is being undertaken to revive the energy sector and stay aligned with IMF-supported reforms.
Finance Minister Muhammad Aurangzeb stated during his budget speech yesterday that any DSS surcharge will be used solely for repaying the principal amount of the current circular debt through refinancing.
Only survivor speaks out after deadly India plane crash
- 4 hours ago
Trump launches $5m 'Golden Visa' program for US residency
- 2 hours ago
K-Electric files for Rs4.69 per unit tariff reduction
- 7 hours ago
Widespread rain, thunderstorms forecast across Pakistan
- 6 hours ago
ASF foils drug smuggling bid at Islamabad airport
- 5 hours ago
Scorching heat grips Pakistan, Cholistan nears 48°C
- 7 hours ago
PM Shehbaz expresses grief over deadly India plane crash
- 5 hours ago
Pakistan’s Wasim Akram praises his statue amid social media flak
- 6 hours ago
PM Shehbaz, UAE president discuss regional peace, economic partnership
- 2 hours ago
Three dead, five injured in Gujrat car crash
- 4 hours ago
Nawaz Sharif, Bilawal express grief over India plane crash
- 6 hours ago
Motorway Police cop killed over domestic dispute
- 5 hours ago
