Rising electricity prices are a political death knell for us, no steps have been taken for cheaper electricity, which is unfortunate, Federal Minister Shibli Faraz blamed his own government for the increase in electricity prices.
ISLAMABAD – Rising electricity prices is a political death knell for us. No steps have been taken for cheaper electricity, which is unfortunate. According to details, Federal Minister for Science and Technology Shibli Faraz termed the increase in electricity prices as a political death.
Replying to a question regarding the increase in electricity prices on the occasion of his visit to Khyber Pakhtunkhwa Chamber of Commerce, Federal Minister for Science and Technology Shibli Faraz said that the increase in electricity prices is a compulsion and the government does not want it. The increase is a political death knell for us, no electricity measures have been taken and now the government is working on hydraulic projects.
Shibli Faraz said that Prime Minister Imran Khan has started work on hydropower projects. Get electricity It should be noted that after the continuous increase in electricity prices by the government, withholding tax of more than Rs. 500 will be levied.
According to the report of a private TV channel, a bill of less than Rs. 500 will not be taxed while a bill of up to Rs. 20,000 will be taxed. According to the report, a bill of more than Rs. The tax will be levied on domestic and commercial consumers. It should be noted that despite the high cost of electricity in the country, the revolving credit has increased to Rs 22.80 trillion in three years. In 2018, the circular debt was Rs 11.48 trillion. Now it is Rs. 23 per unit, yet the circular debt is increasing by one billion per day.
Economist Farrukh Saleem in his tweet on the three-year performance of the government said that the current government increased the price of electricity by Rs 14 then the circular debt is increasing by Rs 1 billion daily. In 2018 the circular debt was Rs 11 trillion 48 billion, now In 2021, it has increased to Rs. 22 trillion 80 billion. Circular debt is increasing by Rs 1 billion per day, Rs 31.45 billion per month, and Rs 377 billion annually. Farrukh Saleem said that electricity was Rs 9 per unit in 2018, now it has gone up to Rs 23 per unit. The price of Rs 14 has been increased and then the circular date is being increased by Rs 1 billion daily
