PM Shehbaz extends The fuel adjustment charges exemption to 300 electricity units


Monitoring Desk

ISLAMABAD: The exclusion from fuel adjustment costs (FAC) for customers who have used up to 300 power units has been extended by Prime Minister Shehbaz Sharif.
On Thursday, the prime minister informed the PML-N parliamentarians in Islamabad that roughly 75% of energy users will notice a decrease in their August bills.

Prior to now, he had not assessed FAC fees to clients who had consumed up to 200 power units.

The prime minister claimed that decreasing the rates for 200 units wasn’t sufficient during demonstrations over rising electricity prices since “inflation has eaten away at the middle class.”

The International Monetary Fund (IMF) programme prevented the government from making its own economic decisions, which infuriated PM Shehbaz.

“It’s really terrible that we don’t have the freedom to make our own [economic] decisions,” he added, adding that the nation needed to become economically independent in order to be successful. “Before we can even sneeze, we have to acquire permission from the IMF…

This should be our last IMF plan, he said, if we want to survive.

The prospect of delaying the collection of a one-time Rs9.9 per unit power tax from customers who use up to 300 units was investigated by a committee last week after it was established by PM Shehbaz. On the other hand, the finance minister does not see any justification for halting the recovery.

The prime minister formed a committee to determine whether there is a method to assist those who consume 200 to 300 units of power and pay Rs9.9 per unit for fuel cost adjustment, according to Finance Minister Miftah Ismail.

According to PM Shehbaz, the previous PTI administration was to blame for the current problem. He added that a lot of issues arose for the coalition government as soon as it came into office. Oil prices reached an all-time high, the nation experienced flooding, and the previous PTI administration created a problem for us by cutting fuel costs.

Imran Khan, the PTI’s leader and Premier Shehbaz’s predecessor, was targeted by the premier. He claimed that Khan broke the agreement with the IMF and nearly pushed the economy to default because he wanted the nation to go bankrupt.

The IMF bailout plan, according to the prime minister, prevented the nation from going bankrupt.

He asserted that Imran “conspired” against the nation by writing a letter to the IMF to “wreck” Pakistan’s arrangement with the international lender, and that the tape of Pakistan’s former finance minister Shaukat Tarin, which was leaked, confirms this without a shadow of a doubt.

An APP adds: Shehbaz Sharif, the prime minister, approved the 10,000 megawatt solar energy project’s early launch on Thursday. The price of importing expensive fuel and furnace oil will be reduced as a result.

The prime minister, who presided over a meeting to assist many people, suggested using solar power to generate electricity rather than importing fuel.

It was determined to preserve the foreign exchange because doing so would result in huge financial savings for the nation.

In the initial phase, solar energy would be used to run low-usage residences, electric or diesel-powered tube wells, and government buildings.

In order to provide some relief before the upcoming summer, the prime minister instructed the appropriate parties to ensure that solar plants are installed as soon as possible.

He urged those in authority to get to work on the project as soon as possible.

Prior to the bidding procedure, he also requested that a meeting of everyone with an interest be conducted by next week.