Electricity prices increase by 7 rupees 50 paise per unit by IMPORTED GOVT

[Hero786]

 

[IceCold]

Kamal ha bc is awaam ki quota bardasht per. BC bahir nahi nikalin ga 3, 3 meter lagwa lain ga kah unit kam use hoon basoori ka.

 

[Puffin]

Your circular debt from subsidised electricity has grown and is growing to horrendous proportions. IMF conditions mean you HAVE TO increase the rate at which electricity is charged just to stop sinking into bankruptcy and default.
Do you realise the poison pill that IK left behind called petrol subsidy was costing $1 billion each month

 

[Jango]

On the other hand Ishaq Dar boasts that no extra taxes on agriculture or real estate.

And Punjab govt is buying 2.5 billion worth of vehicles for our viceroy's.

 

[protean]

It is all because Pakistan through CPEC went for costly electricity projects beyond requirement hoping continued economic growth. The capacity payments on unused projects are becoming a burden for Pakistan. China was clever that it mandated these payments should be done in dollars, effectively throwing the country into doldrums.

 

[SaadH]

Your circular debt from subsidised electricity has grown and is growing to horrendous proportions. IMF conditions mean you HAVE TO increase the rate at which electricity is charged just to stop sinking into bankruptcy and default.
Do you realise the poison pill that IK left behind called petrol subsidy was costing $1 billion each month

What about the poisoned subsidied electricity, who is responsible for that? And can't the PDM gov't get rid of it? Oh I forgot, PDM gov't itself is responsible for guaranteed sale/profit for the IPP bankrolled by the ever shrinking resources of the poor masses and cannot be undone. Whereas IK's poisoned petrol subsidy can be quashed with immediate effect.

 

[Olympus81]

It is all because Pakistan through CPEC went for costly electricity projects beyond requirement hoping continued economic growth. The capacity payments on unused projects are becoming a burden for Pakistan. China was clever that it mandated these payments should be done in dollars, effectively throwing the country into doldrums.

You have addressed the root cause.

The guaranteed capacity payments for IPP projects that involved Chinese and industrialists affiliated with Sharifs, Zardaris, Establishment made sure the payments will be in dollars.

PTI tried to re negotiate this deal but was fighting a lost cause.

 

[fatman17]

Going away present . Many more to come in order to obtain the SBA from the IMF.