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A zero-tolerance policy against overbilling is ordered by Mohsin Naqvi.

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8 months ago

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In particular, Mohsin Naqvi issued an order to take nondiscriminatory action against individuals who overbill in Pakistan, stating that overbilling will never be accepted.

In addition to ordering the FIA officers to combat overbilling and power thieves with 100% efficiency, he also gave the order to step up the crackdown on electricity thieves.

In its report, Power Division revealed that it collects an additional Rs 225 billion in electricity bills annually from Pakistani local industries. This is a crucial point to note.

Industry subsidies for protected consumers totaling Rs 225 billion have been reported by Power Division sources.

Sector insiders claim that companies are presently bearing a heavy load since their bills for electricity are higher than what they should be.

A lot of industries are no longer competitive in the market because of this extra financial load.

Officials stated that in an effort to lighten the load on businesses, the federal government considered a plan to subsidize protected consumers via the Social Security Program.

Yesterday, however, the Federal Investigation Agency (FIA) team was investigating overbilling, and the Lahore Electric Supply Company (LESCO) “barred” its revenue officers from testifying before them.

Despite being summoned on April 9, the power utility’s revenue officers have not appeared before the Federal Investigation Agency (FIA), according to sources, indicating that tensions between the two agencies still exist.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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4 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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4 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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4 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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