AIRLINK 152.10 Decreased By ▼ -3.61 (-2.32%)
BOP 10.05 Decreased By ▼ -0.26 (-2.52%)
CNERGY 7.28 Decreased By ▼ -0.37 (-4.84%)
CPHL 85.00 Decreased By ▼ -3.17 (-3.6%)
FCCL 46.55 Decreased By ▼ -0.81 (-1.71%)
FFL 15.77 Decreased By ▼ -0.35 (-2.17%)
FLYNG 54.69 Decreased By ▼ -3.32 (-5.72%)
HUBC 136.60 Decreased By ▼ -1.92 (-1.39%)
HUMNL 11.30 Decreased By ▼ -0.24 (-2.08%)
KEL 5.33 Decreased By ▼ -0.14 (-2.56%)
KOSM 5.63 Increased By ▲ 0.17 (3.11%)
MLCF 82.49 Decreased By ▼ -1.26 (-1.5%)
OGDC 208.88 Decreased By ▼ -3.17 (-1.49%)
PACE 6.03 Increased By ▲ 0.17 (2.9%)
PAEL 41.43 Decreased By ▼ -1.79 (-4.14%)
PIAHCLA 22.52 Increased By ▲ 0.76 (3.49%)
PIBTL 8.12 Decreased By ▼ -0.30 (-3.56%)
POWER 13.79 Decreased By ▼ -0.57 (-3.97%)
PPL 166.66 Decreased By ▼ -4.33 (-2.53%)
PRL 32.16 Decreased By ▼ -1.33 (-3.97%)
PTC 24.40 Decreased By ▼ -1.10 (-4.31%)
SEARL 89.45 Decreased By ▼ -3.44 (-3.7%)
SSGC 41.40 Decreased By ▼ -0.52 (-1.24%)
SYM 14.84 Decreased By ▼ -0.16 (-1.07%)
TELE 7.70 Decreased By ▼ -0.12 (-1.53%)
TPLP 9.11 Decreased By ▼ -0.20 (-2.15%)
TRG 63.29 Decreased By ▼ -0.93 (-1.45%)
WAVESAPP 9.12 Decreased By ▼ -0.30 (-3.18%)
WTL 1.45 Increased By ▲ 0.08 (5.84%)
YOUW 4.15 Decreased By ▼ -0.04 (-0.95%)
BR100 13,055 Decreased By -190.1 (-1.43%)
BR30 37,792 Decreased By -679.1 (-1.77%)
KSE100 122,144 Decreased By -1949.6 (-1.57%)
KSE30 36,883 Decreased By -653.4 (-1.74%)

ISLAMABAD: The Punjab government is likely to extend the subsidy to electricity consumers using 100 units monthly under the “Punjab Ujala Programme (PUP)”, over and above the subsidy being given by the federal government to lifeline consumers, well-informed sources told Business Recorder.

In this regard, Prime Minister's Office (PMO) constituted a joint Working Group (JWG) comprising Federal Finance Minister, Dr Miftah Ismail (Convener), Minister for Power, Khurram Dastgir Khan (Member), Minister of State for Petroleum, Musadik Masood Malik (Member), Finance Minister, Punjab (Member), Secretary Finance (Member), Secretary Power Division (Secretary/ Member), Chairman Planning and Development Punjab (Member) and Secretary Finance, Punjab, (Member) to finalize recommendations.

The Terms of Reference (ToRs) of the committee are as follows: (i) examine the proposal of the Government of Punjab for the provision of subsidy to the consumers of electricity of zero to hundred unit slabs, in Punjab, and come up with its recommendations/way forward; (ii) ensure that the proposed subsidy will result in no financial liability for the federal government; (iii) any other related issue(s), which requires consideration of the Joint Working Group; and (iv) Joint Working Group may co-opt any other member(s)/expert(s) as per its requirement.

Punjab allocates Rs5.54bn for energy sector

Additional Secretary (Companies) Punjab, Aslam Shahid, in a letter to the president, Bank of Punjab, under the programme, stated that domestic consumers with monthly consumption of up to 100 units will be subsidized through a comprehensive workable mechanism. The success of this scheme would primarily depend upon efficient coordination and coherent liaison between different relevant entities.

The president Bank of Punjab has been directed to coordinate with National Telecommunication Corporation (NTC), Power Information Technology Company (PITC) and National Database & Registration Authority (Nadra) for the development of an SMS registration utility.

Finance Ministry, Punjab, has also requested the Bank of Punjab that a mechanism for subsidy settlement between the Punjab government and all power Distribution Companies (Discos) in Punjab may also be developed to ensure a successful model of subsidy for low-income electricity consumers in the province.

Copyright Business Recorder, 2022

Comments

Comments are closed.