Islamabad: The government has announced an increase in electricity prices by 1.95 rupees per kilowatt-hour, which has increased the burden on the public who is already suffering from inflation.
Federal Minister for Energy Omar Ayub announced the price hike in a press conference on Thursday, saying that the PML-N government had left landmines for the coming government. He said that PTI government will have to recover the deficit that PML-N left us with.
Omar Ayub said that PTI government was forced to increase electricity prices due to poor agreements signed by PML-N. He announced increase in the price of electricity by Rs 1.95 per unit. Despite difficult circumstances, a subsidy of Rs 473 billion has been given to the power sector, he added.
Accompanying the Energy Minister, Federal Minister for Planning Asad Umar said that the previous government had left us sizable challenges in the power sector but the PTI government took important steps to deal with the situation, including special packages for industrial development.
Asad Umar said that during the last few months, the economy has seen improvement due to our government’s initiatives, highlighted by increased industrial production and exports. He said that development projects worth Rs. 208 billion were completed in the first six months while current account has been in surplus for the past six months.
SAPM Tabish Gohar said at the press conference that the government has taken many steps to reduce circular debt. Unlike previous governments, the energy agreement is formulated in accordance with rules and regulations. He also said that the new agreement with the International Phytosanitary Portal will reduce the burden by 6 trillion rupees, and that it will pay 4500 billion rupees this year.