AIRLINK 173.15 Increased By ▲ 15.74 (10%)
BOP 10.65 Increased By ▲ 0.28 (2.7%)
CNERGY 8.52 Increased By ▲ 0.20 (2.4%)
CPHL 97.46 Increased By ▲ 4.57 (4.92%)
FCCL 47.25 Increased By ▲ 0.52 (1.11%)
FFL 15.42 Increased By ▲ 0.54 (3.63%)
FLYNG 28.13 Increased By ▲ 1.15 (4.26%)
HUBC 138.91 Increased By ▲ 4.90 (3.66%)
HUMNL 12.81 Increased By ▲ 0.29 (2.32%)
KEL 4.54 Increased By ▲ 0.33 (7.84%)
KOSM 5.55 Increased By ▲ 0.16 (2.97%)
MLCF 62.26 Increased By ▲ 1.38 (2.27%)
OGDC 214.75 Increased By ▲ 6.23 (2.99%)
PACE 5.55 Increased By ▲ 0.15 (2.78%)
PAEL 44.86 Increased By ▲ 4.08 (10%)
PIAHCLA 18.70 Decreased By ▼ -0.10 (-0.53%)
PIBTL 10.74 Increased By ▲ 0.76 (7.62%)
POWER 12.26 Increased By ▲ 0.30 (2.51%)
PPL 173.87 Increased By ▲ 5.10 (3.02%)
PRL 36.22 Increased By ▲ 1.19 (3.4%)
PTC 23.56 Increased By ▲ 0.57 (2.48%)
SEARL 95.31 Increased By ▲ 2.21 (2.37%)
SSGC 39.13 Increased By ▲ 3.56 (10.01%)
SYM 14.02 Increased By ▲ 0.36 (2.64%)
TELE 7.23 Increased By ▲ 0.28 (4.03%)
TPLP 10.29 Increased By ▲ 0.29 (2.9%)
TRG 64.68 Increased By ▲ 4.01 (6.61%)
WAVESAPP 10.04 Increased By ▲ 0.34 (3.51%)
WTL 1.33 Increased By ▲ 0.03 (2.31%)
YOUW 3.70 Increased By ▲ 0.05 (1.37%)
BR100 12,492 Increased By 252.4 (2.06%)
BR30 37,694 Increased By 1300.9 (3.57%)
KSE100 116,189 Increased By 2036.1 (1.78%)
KSE30 35,750 Increased By 549.8 (1.56%)
Markets

Up to 200 units of consumption: PM Shehbaz announces Rs50bn power subsidy for 25mn households

  • Says time has come for 'elite to make sacrifices'
Published July 9, 2024
LIVE: Prime Minister Shehbaz Sharif addresses media along with other federal ministers

Prime Minister Shehbaz Sharif has announced on Tuesday a Rs50-billion energy subsidy package for low-income households that consume less than 200 units of electricity.

“For the next three months – July, August and September – their bills will be Rs4 to Rs7 per unit,” he said.

“Around 92% of the domestic consumers will benefit from the package,” the PM added.

The premier had earlier mentioned this number to be 94%, but later in the press conference used the figure of 92%.

“An amount of Rs50 billion will be spent on this package, which will be deducted from the PSDP fund. The consumers of K-Electric will also be included in this.”

Earlier, Business Recorder, citing its sources, had reported that the government is likely to further cut the Public Sector Development Programme (PSDP) 2024-25 to increase subsidy for the protected categories of domestic consumers due to massive overbilling across the country.

“This will be another cut in the PSDP 2024-25 after the Rs250 billion cut in the total PSDP of Rs1.4 trillion meant to create fiscal space to give relief to the most affected people without compromising the deal with the International Monetary Fund (IMF),” the report from Business Recorder added.

PM Shehbaz, sitting alongside deputy prime minister and foreign minister Ishaq Dar as well as defence minister Khawaja Asif, said it is time for the “elite to sacrifice”.

“The package will help alleviate issues of the common man.”

Comments

Comments are closed.

KU Jul 09, 2024 04:19pm
Rs. 50 or Rs.100 billion subsidy, all of it will go in pockets of the barons. Problem is SOE's heist, inflation n no signs of economic recovery. Greed has made them blind to reality/destruction.
thumb_up Recommended (0)
mustafa Jul 09, 2024 05:39pm
there should be no subsidy ... 20-30 saal peele 40-50% country was without bijli ... so better is to go for load shedding
thumb_up Recommended (0)
mustafa Jul 09, 2024 05:41pm
@KU, read facts. huge subsidy had been enjoyed by lower class since 1947. that's we went from 30 million to 250 million .poor people (who produce 3 or more children) damaged this country the most .
thumb_up Recommended (0)
Usman Jul 09, 2024 07:09pm
@KU, it wont as this will be deducted from the bills.so you can keep you negativity to bani gala.Its a good news for the common man and poor public.Next should be pension reforms of high ranking babus
thumb_up Recommended (0)
zh Jul 09, 2024 07:43pm
What an absurd solution! What happens after three months.
thumb_up Recommended (0)
T Jul 09, 2024 08:55pm
the sharifs don't consider themselves elite.
thumb_up Recommended (0)
Ali Asghar Jul 20, 2024 02:15pm
I have received the K-electric bill for the month of July-2024 for consumption of 125 units (Protected customer) and i have not received any relief in my bill. They have charged me the same.
thumb_up Recommended (0)