As Imran Khan foretold in his speech - Govt imposes New Tax on Electricity Bills on demand of IMF.

[Jzaib]

New gift from Sharif family to Pakistani AWAAAM.

 

[jericho]

So what? I dont care what IK says, I am willing to pay as much as NS government wants me to pay for anything. At least Nawaz doesn't have a daughter out of wedlock, he wont fight corruption and do jalsa which means I will get to see my beloved president Xi Jinping in Pakistan which is more important for my future, he wont call for civil disobedience because its dumb, I rather pay money for electricity and let them cut my electricity (it gives me weird satisfaction) than not pay at all. Nawaz will also not talk about Naya Pakistan in which there would be equal rights, that will only make the public judge him if he decides to call Ahmedis non-Muslims because its against what he promised about equal rights. He plays it smart and doesn't talk about equal rights, that way even if Ahmedis are targeted, ppl wont raise their voice because "yeh to hota hi rehta hai" logic. You must understand that for me, it is more important that my leader Nawaz Sharif gets as much money as possible so that he can live outside the country after 5 years, his future is more important than my future. Go Imran Go.

Edit : Some ppl took this post seriously even when I tried to make it sound as ridiculous as I could, I am just being sarcastic guys, lol, I didn't mean any of this

 

[mhacsan]

So what? I dont care what IK says, I am willing to pay as much as NS government wants me to pay for anything. At least Nawaz doesn't have a daughter out of wedlock, he wont fight corruption and do jalsa which means I will get to see my beloved president Xi Jinping in Pakistan which is more important for my future, he wont call for civil disobedience because its dumb, I rather pay money for electricity and let them cut my electricity (it gives me weird satisfaction) than not pay at all. Nawaz will also not talk about Naya Pakistan in which there would be equal rights, that will only make the public judge him if he decides to call Ahmedis non-Muslims because its against what he promised about equal rights. He plays it smart and doesn't talk about equal rights, that way even if Ahmedis are targeted, ppl wont raise their voice because "yeh to hota hi rehta hai" logic. You must understand that for me, it is more important that my leader Nawaz Sharif gets as much money as possible so that he can live outside the country after 5 years, his future is more important than my future. Go Imran Go.

???

 

[jericho]

???

come on, don't tell me you didn't get what I am trying to say

 

[kamrananvaar]

So what? I dont care what IK says, I am willing to pay as much as NS government wants me to pay for anything. At least Nawaz doesn't have a daughter out of wedlock, he wont fight corruption and do jalsa which means I will get to see my beloved president Xi Jinping in Pakistan which is more important for my future, he wont call for civil disobedience because its dumb, I rather pay money for electricity and let them cut my electricity (it gives me weird satisfaction) than not pay at all. Nawaz will also not talk about Naya Pakistan in which there would be equal rights, that will only make the public judge him if he decides to call Ahmedis non-Muslims because its against what he promised about equal rights. He plays it smart and doesn't talk about equal rights, that way even if Ahmedis are targeted, ppl wont raise their voice because "yeh to hota hi rehta hai" logic. You must understand that for me, it is more important that my leader Nawaz Sharif gets as much money as possible so that he can live outside the country after 5 years, his future is more important than my future. Go Imran Go.

what IK is sayiing is rubbish, its like I had an epiphany the rates of goods will increse next year, of course they,re gonna imcrease
but wat u r saying is Bush Sh...ttt as well
who cares if IK has a daughter out of wed lock- I am nt saying he has
look at nandipur where u rmaking electri ity at 41rs per u,it - how do u explain that, nandipur is to use kerosene to produce electricity instead of coal or gas
u have botched iran pakistan gas pipeline whereas india is is to develop a port for iran to get access to afghanistan
it should b abt deliverence
i do agree wd u on some oints that IK has no strstegy either but hes not the opposition,

 

[jericho]

what IK is sayiing is rubbish, its like I had an epiphany the rates of goods will increse next year, of course they,re gonna imcrease
but wat u r saying is Bush Sh...ttt as well
who cares if IK has a daughter out of wed lock- I am nt saying he has
look at nandipur where u rmaking electri ity at 41rs per u,it - how do u explain that, nandipur is to use kerosene to produce electricity instead of coal or gas
u have botched iran pakistan gas pipeline whereas india is is to develop a port for iran to get access to afghanistan
it should b abt deliverence
i do agree wd u on some oints that IK has no strstegy either but hes not the opposition,

lol, man I I thought ppl would detect my sarcasm in that post, I mean anyone who supports NS must have that kind of logic right

 

[TheNoob]

So what? I dont care what IK says, I am willing to pay as much as NS government wants me to pay for anything. At least Nawaz doesn't have a daughter out of wedlock, he wont fight corruption and do jalsa which means I will get to see my beloved president Xi Jinping in Pakistan which is more important for my future, he wont call for civil disobedience because its dumb, I rather pay money for electricity and let them cut my electricity (it gives me weird satisfaction) than not pay at all. Nawaz will also not talk about Naya Pakistan in which there would be equal rights, that will only make the public judge him if he decides to call Ahmedis non-Muslims because its against what he promised about equal rights. He plays it smart and doesn't talk about equal rights, that way even if Ahmedis are targeted, ppl wont raise their voice because "yeh to hota hi rehta hai" logic. You must understand that for me, it is more important that my leader Nawaz Sharif gets as much money as possible so that he can live outside the country after 5 years, his future is more important than my future. Go Imran Go.

funny sarcasm?

 

[jericho]

funny sarcasm?

I tried to make it sound as ridiculous as I could man, not sure why ppl took it seriously, its cause whenever I see ppl hating on IK, they come up with that sort of thing, not that IK is perfect or anything but I would say he is much better than NS

 

[TheNoob]

I tried to make it sound as ridiculous as I could man, not sure why ppl took it seriously, its cause whenever I see ppl hating on IK, they come up with that sort of thing, not that IK is perfect or anything but I would say he is much better than NS

I find both their sheeps pathetic. lol

 

[BannuTorkham]

Due to non-payments of Bills,it creates a circular debt , in turn forcing Pakistan follow IMF diktats..

Looks like for This fiscal year and the next one,Pakistani economy's last remaining savior shall be Remittances from the Diaspora..with huge trade deficit and energy crisis back home

 

[Jzaib]

Power tariff raised to salvage IMF talks
By Khaleeq Kiani
Published about 10 hours ago

The government is reported to have increased electricity tariff by about 43 paisa per uni.—AFP file photo
ISLAMABAD: The government is reported to have increased electricity tariff for consumers of all distribution companies, except K-Electric, by about 43 paisa per unit to service about Rs147 billion bank loans ahead of the resumption of suspended talks with the International Monetary Fund (IMF) in Dubai from Oct 29.

Sources told Dawn on Sunday that the increase in tariff was imposed through an ‘equalisation surcharge’ by the Ministry of Water and Power after the National Electric Power Regulatory Authority (Nepra) declined to make ‘imprudent costs’ part of the base tariff on legal and technical grounds.

Also read: Faltering IMF talks

The increase would be charged to consumers in the next billing month -- with effect from Oct 16. Talks between Pakistan and the IMF mission on the fourth review of Islamabad’s economic performance on Aug 18 had proven inconclusive, leading to the suspension of a planned $550 million disbursement in September. With the support of the United States, the IMF agreed to resume talks between Oct 29 and Nov 7 after merging the 4th and 5th reviews for possible disbursement of $1.1bn in December.

As the government faces problems with the planned sale of OGDCL shares in the international capital market owing to cases in court, it considers a tariff increase ‘low hanging fruit’ and a bid to minimise the hurdles in the revival of the IMF programme.

The tariff increase was notified when additional secretary in charge of the power ministry, Sohail Akbar Shah, formally excused himself from working under the newly-appointed Water and Power Secretary Younas Dagha. Mr Shah wrote to the Establishment Division, asking them to post him elsewhere, grant him leave or make him officer on special duty (OSD), because he could not work under a junior officer.

A senior bureaucrat said Mr Shah had forwarded the summary for a 43-paisa per unit increase, along with the advice that such an increase could be exploited by the Pakistan Tehreek-i-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in the ongoing protests. The tariff notification was, therefore, not made public.

Know more: Electricity tariff raised by 43 paisa

Joint Secretary Zargham Ishaq Khan, who deals with tariff issues in the ministry, was not available for comment despite repeated attempts. Power Minister Khawaja Mohammad Asif could not be reached for comment either.

However, another officer close to Mr Ishaq, who declined to speak on record, confirmed that the tariff had been increased through a special surcharge, but insisted it was a routine increase and had nothing to do with the IMF requirement. He also said the “increase may be 28 or 29 paisas per unit but not 43 paisas” and refused to give a specific number.

He also confirmed that Nepra had refused to include the cost of servicing bank loans obtained for distribution companies in base tariff through Nepra determination but the federal government could achieve the objective through a surcharge.

On May 29 of this year, the Economic Coordination Committee (ECC) of the federal cabinet – headed by Finance Minister Ishaq Dar -- had decided to charge consumers the cost of about three per cent additional technical losses and interest on power sector loans through an average of Rs2.35 per unit impact in power tariff.

“The ECC also considered and approved a summary from the Ministry of Water and Power for issuance of policy guidelines to Nepra to incorporate debt servicing on an actual basis in revenue requirements of distribution companies which would be adjusted in tariff of Discos on annual basis,” an official statement had said.

This was considered necessary because about Rs147bn worth of additional loans and syndicated term finance certificates were contracted over the past couple of years by the government or on its sovereign guarantees and this was proposed to be financed through the inclusion of interest payments in the consumer tariff. The debt servicing cost on this account was estimated at about Rs10bn.

A previous dispensation of similar debt stock of about Rs306bn taken over by the federal government a few years ago was made part of the federal budget but the government had given a commitment to the IMF to reduce the burden on the power sector in the budget and instead, passed it on to consumers.

The ECC had also issued policy guidelines to Nepra to rationalise the target of transmission and dispatch losses from 12.82pc to 15.75pc as had been done in the case of power tariff for 2012-13. The distribution companies now claim that their technical losses stood at 17.55pc for 2013-14.

Both advices were turned down by Nepra. A Nepra official said the federal government did not have the power under the Nepra Act to issue policy guidelines on tariff standards and other benchmarks that become part of the tariff at any stage.

He said that Section 31 of the Nepra Act empowered the federal government to issue policy guidelines to the extent of final consumer tariff on the basis of average tariff determined by the regulator for prudent revenue requirements of power companies. He said the regulator had held that increase in borrowing was a direct result of non-recovery of bills by power companies from government departments and dishonest private consumers while losses were resulting out of mismanagement and inefficiencies, for which honest consumers should not be burdened any more.

Published in Dawn, October 20th, 2014

 

[niaz]

It is not IMF nor is IK a clairvoyant. Pakistan’s basic problem is that receipts from the sale of power are much less than money spent on power production. Hence you have ever mounting circular debt.

The reason could be that actual average cost of production per KWH is more than the selling price per unit compounded with massive theft. Problem is further aggravated by huge transmission losses due to outdated transmission system. It therefore does not take 'Rocket Science' to predict an increase in electricity bill in one form another.

IK predicted an increase in electricity prices, no big deal or fortune telling. Even a hawker stall (Chabri wala in local lingo) would be forced to increase his prices or close down his business.

For the sake of comparison; my electricity tariff (EDF Energy) is currently 16.79 pence per KWH (about Pk Rs 25/- per unit). If I pay by direct debit, I am told that charge will be reduced to 15.95 cents per KWH (about PK Rs 24/- per unit. This despite the fact that there is very little theft in UK. It amazes me to see that my country men don’t want to pay electric bills or pay taxes in full (so that there is surplus revenue for power subsidy) but at the same time want cheap electricity!

Only good news is that international oil prices have fallen by about 20% in the last couple of weeks and imported furnace oil is cheaper by about $100 per ton. If the prices remain at this level, Pakistan’s annual oil import bill should fall by about $2-billion.

 

[osama zafar]

So what? I dont care what IK says, I am willing to pay as much as NS government wants me to pay for anything. At least Nawaz doesn't have a daughter out of wedlock, he wont fight corruption and do jalsa which means I will get to see my beloved president Xi Jinping in Pakistan which is more important for my future, he wont call for civil disobedience because its dumb, I rather pay money for electricity and let them cut my electricity (it gives me weird satisfaction) than not pay at all. Nawaz will also not talk about Naya Pakistan in which there would be equal rights, that will only make the public judge him if he decides to call Ahmedis non-Muslims because its against what he promised about equal rights. He plays it smart and doesn't talk about equal rights, that way even if Ahmedis are targeted, ppl wont raise their voice because "yeh to hota hi rehta hai" logic. You must understand that for me, it is more important that my leader Nawaz Sharif gets as much money as possible so that he can live outside the country after 5 years, his future is more important than my future. Go Imran Go.

Edit : Some ppl took this post seriously even when I tried to make it sound as ridiculous as I could, I am just being sarcastic guys, lol, I didn't mean any of this

You sir are living in a total different world nawas is a complete good and not better than a average pakistani in personality nor in any human characteristics you go for familes thats just rude and idiotic would you talk about quiad-e-azam daughter who married a Parsi and call him something ill too? what is wrong with you people? Chinese president dident come no problem he will come again its not that we cant live without him be rational dont be a blind idiot and not accept anything else other than ur beloved leader the #1 goon of this world Nawas Sharif.

 

[Jungibaaz]

'Foretold'. What a messiah. Did it come to him in the form of a vision?

 

[Saifkhan12]

Great, more misery for the poor and another incentive not to pay your bills.