Search

x
Join our whatsapp channel for News Updates

Saw a mysterious rise in electricity bills? The Govt was secretly collecting '200 billion' for its own failures

02:53 PM | 17 Aug, 2016
Saw a mysterious rise in electricity bills? The Govt was secretly collecting '200 billion' for its own failures
ISLAMABAD (Web Desk) - To bolster the fragile economy of the country, the federal government has secretly minted as much as Rs 200 billion from the electricity consumers across the country and so a rise in your electricity bill is not a mystery anymore.

After poor recovery of bills in the previous three years, electricity consumers were secretly burdened with various surcharges of around Rs200 billion during the 2015-16 fiscal period.

These secret taxes were named as tariff rationalisation surcharge (TRC), which include the burden of sector-wise inefficiencies on account of stunted bills and line losses.

Earlier, the consumers were given a subsidy in the name of  transmission and distribution losses (TDS) but it was taken off and consumers had to pay for the losses.

Insiders also claim that the money was amassed in order to bail out inefficient power firms in Sindh, Balochistan and Khyber-Pakhtunkhwa.

Mainly Gesco,Lesco,Iesco and Fesco customers were affected despite the fact that they fall in areas with minimum power loss and maximum recovery.

The ministry’s written reply in the National Assembly claims the government recovered 89.58% of its power dues in 2013 that increased to 94.54% in 2016 i.e. an increase of 5% or an extra recovery of Rs60 billion. Similarly, the ministry has also claimed of reducing technical losses by more than 1% or an additional collection of Rs15 billion.

On the other hand, experts claim that with the enhanced efficiency as claimed by the power ministry, there is no reason for levying the above-mentioned surcharges.

The writer is a civil servant.

Advertisement

Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter