No additional burden on gas, power consumers: PM Shehbaz
PM Shehbaz directs distribution companies to improve the bill recovery system
In a bid to facilitate the masses, Prime Minister Shehbaz Sharif Monday ordered authorities concerned not to impose additional burden on gas and electricity consumers.
The directives came during a high-level cabinet meeting chaired by the premier to devise a strategy for the reduction of circular debt in the energy sector.
PM Shehbaz asked the gas distribution companies to improve the system of recovery of bills. The premier also ordered the bill payment system for gas and electricity be made effective.
Highlighting the importance of an increase in revenue generation within the energy sector, PM Shehbaz instructed officials to ensure all possible steps. He further directed them to improve the energy transmission system and stop losses and theft of electricity and gas.
Addressing officials concerned, the prime minister ordered authorities concerned to reduce the circular debt in the energy sector. Participants, in the meeting, considered the adoption of a comprehensive strategy to control the soaring circular debt in the oil and gas sectors.
PM Shehbaz recalled that the Pakistan Muslim League Nawaz's (PML-N) government, during its tenure from 2013 to 2018, had practically eradicated circular debt.
He resolved to bring debt under control with continuous efforts and effective planning and directed reforms in the energy sector to be undertaken in a way that eliminates circular debt.
-
TikTok owner ByteDance finalizes $29.6 billion loan amid AI growth drive
-
Norway’s $2 trillion sovereign fund proposes deep cuts to US Treasury holdings: Here’s why
-
Canadian economy loses 42,000 jobs as US tariffs cloud economic outlook
-
US diesel prices hit an all-time-high: report
-
OpenAI pledges $1 billion for cyberdefense as AI safety scrutiny mounts
-
Revolut wins conditional US National bank charter approval: What’s next?
-
Elon Musk confirms Starlink is officially live in UAE: Know all details
-
Trump $1 coin could break a century-old US currency tradition: Here’s why
-
Thomson Reuters confirms cybersecurity incident, says unauthorized party accessed sensitive files
-
Bank of Canada holds interest rates as Canada-US trade war escalates
-
Dell shares spike as surging AI server demand spurs record forecast raise
-
Range Rover's first-ever electric vehicle is here: Key specifications explained