ISLAMABAD: In the presence of IMF Mission that will continue to be here till November 20, the PTI government has backed out from extending the subsidy to export industry in the head of electricity tariff which ECC had decided to lower down to 7.5 cents per unit with an aim to bring down the cost of doing business at par with the competitive economics of Bangladesh, India and Vietnam.
According to one of the economic ministers, the subsidized electricity tariff of 7.5 cents (Rs9.75) per unit will be notified somewhere in the month of December to avoid the wrath of the Fund.
However, the officials said this process may stretch more than two months’ time to get decision from Nepra. The official also apprehended the further delay in it arguing that Nepra chairman Brig (R) Tariq Saddozai is going to retire on November 18 and there are only two members in Authority left which is why the Nepra’s quorum will not be completed.
Fearing the incomplete quorum, Nepra will not be able to decide on CPPA petition. So far CPPA has not submitted the petition with Nepra. The government may give extension to Nepra chairman to get the decisions under amended Act.
Minister emphasises that the government’s primary focus is on health and education
Protective bail of Usman Dar has been approved for seven days in the GHQ attack case
Environmental sample collected on March 06 from the ‘Haji Mureed Goth’ environmental sample collection site
Court heard the petition filed by GB High Court Bar on behalf of the father of the missing girl
This investment is expected to increase manifold after the second stage of CPEC
Chaudhry Parvez Elahi and Muhammad Khan Bhatti had filed post-arrest bail petitions