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PTI robbed Rs200 billion from public's pockets by raising power tariff by Rs1.95: Miftah

PTI robbed Rs200 billion from public's pockets by raising power tariff by Rs1.95: Miftah
January 24, 2021

KARACHI (92 News) - Lashing out at the incumbent government, former finance minister Miftah Ismail has said that the PTI robbed Rs200 billion from the pockets of public by raising the power tariff by Rs1.95.

In a statement, the PML-N leader said that the PTI government was putting a burden of Rs200 billion on consumers by raising electricity tariff by a flat Rs1.95. He explained that the price was being increased as the country’s circular debt has reached its highest level in history.

“We left circular debt at Rs1,036 billion. Under Imran Khan, the figure has exceeded Rs2,400 billion and it grows by Rs50 to Rs60 billion per month due to expensive power generation.”

Miftah said PM Imran Khan raised the power tariff soon after assuming office in an attempt to stop circular debt from increasing.  “Annually, the circular debt is increasing by Rs600 billion which is mostly due to losses incurred in transmission and distribution of electricity.”

The former finance minister said the National Electric Power Regulatory Authority (NEPRA) factors in a loss of 15%. “When the PML-N came to power, the electricity wastage was recorded at 21%. We reduced it to 18% and now the current government has again raised it to 19%," he added.

Miftah added that electricity wastage was costing the national exchequer a loss of Rs15 billion on average per month.

Slams PTI for suspending gas supply to industries

The former minister criticised the incumbent government’s decision to suspend gas supply to domestic industry from February 1 and export industry from March 1 and further demanded that the government withdraw a recent hike in the power tariff.

Miftah Ismail has criticised the incumbent government’s decision to suspend gas supply to domestic industry from February 1 and export industry from March 1 and further demanded that the government withdraw a recent hike in the power tariff.

Miftah said it was strange to suspend gas supply to industries. “This will cause serious problems for the textile and other sectors," he observed.

The former finance minister also pointed out that the incumbent government was buying LNG at expensive rates as it was placing orders late.  “[They] fail to purchase gas and dump the fruits of their incompetence on the industries,” he said, urging the government to withdraw the decision.