Cabinet gives nod to Rs5.65 power tariff rise

[AZ1]

Nawaz, Imran, Zardari tum jaison kay siyasi baap hain --- hamarey jaisey Azad paida huway aur Azad marein gay -- is liye dramaybazi kahin aur jaa kar karo.

azad paida honay walo ki shakal tou dekho comedy na karo lol aur azad paida honay nai tumhara kia kamaal hai lol.

 

[Enigma SIG]

as i had maintained in my previous threads, this is merely continuation of circular debt payments being passed onto end user

State should have a way of billing supporters of PDM 5x more than PTI supporters.

 

[Vapnope]

So they can't tax the rich but do what Ishaq Dar did i.e. taxed the working class !

How come this is any different than what PPP & PLMn did on the behest of IMF !

 

[Dr. Strangelove]

I will only give 2 Examples as i dont have time to beat my head against a wall . The new Solar power plant in Layyah Established by this Government will sell Electricity at 3.7 cents/KWH Compare that to the Quaid-e-Azam Solar park established by the Former government which is selling at 14.1 cents/KWH and you will see the problem. Similarly, the current government agreed to a tariff of 4.7 to 4.8 cents per unit/KWH for 11 50 MW Wind power projects. The wind power plants established under PMLN are selling at 13 cents per unit/KWH.

Add to this the Capacity payments that will stand at 900 Billion this year and are expected to reach 1500 Billion in a few years. Keep in mind the government subsidizes the end consumer tarriffs for those who use less than 300 KWH per month which make up 75 percent of Household consumers. All this money has to be paid by someone the Government cant so only the end consumer remains. We can't opt out of these agreements due to sovereign Guarantees . Blame the idiots who were signing these unsustainable expensive projects left and right during their government in the name of development.

 

[RoadRunner401]

as i had maintained in my previous threads, this is merely continuation of circular debt payments being passed onto end user

simple


nothing has changed under PTI . the old tarriff regime is still continuing

only change is dollar indexation and ROE ( which would hardly matter)


------
establishment must answer for this folly of imposing an inexperienced, illiterate, rash sportsman over this nation

University of Oxford Economics graduate, is illiterate and you kindergarten failed tax cheat knows how to run a country, without paying its bills.

He is Prime minister because we the Pakistani people voted for him, stop crying to gernails (generals), they can't help you. They know very well overthrowing elected government of Imran Khan for PML_N or PPP means bankruptcy, so guess what pay your bills free ride is over.

 

[RoadRunner401]

How come this is any different than what PPP & PLMn did on the behest of IMF !

The question you should be asking why go to IMF why not go to other lenders who give loans on much better terms and rates. becasue NO one will lend money to a country that's swimming in debt with no way of paying back what they have already borrowed.

The IMF is the last resort, When no one else in the world will lend you money IMF will in exchange for reforms, PPP and PML_N brought us to the point where even IMF will not lend Pakistan money.

 

[Major Sam]

so now we gonna pay around 30+pkr for per unit cost.

fyi previously avg unit cost for 300-700 units was 22-24pkr inc tax.

mf govt. it will be one of the most expensive electricity cost around the world. costing a common man @18-22 cents per unit.

most people defending this are siting abroad.

 

[BoggedDown]

>>so now we gonna pay around 30+pkr for per unit cost.
In todays dollar rate of 155Rs/$ it is 19 cents/units

>> fyi previously avg. unit cost for 300-700 units was 22-24pkr inc tax
In 2018 dollar rate 105Rs/$ it is 21 cents/unit

In dollar term electricity become cheaper.

 

[Major Sam]

>>so now we gonna pay around 30+pkr for per unit cost.
In todays dollar rate of 155Rs/$ it is 19 cents/units

>> fyi previously avg. unit cost for 300-700 units was 22-24pkr inc tax
In 2018 dollar rate 105Rs/$ it is 21 cents/unit

In dollar term electricity become cheaper.

if m not mistaken last year was 2020, not 2018.

 

[Vapnope]

The question you should be asking why go to IMF why not go to other lenders who give loans on much better terms and rates. becasue NO one will lend money to a country that's swimming in debt with no way of paying back what they have already borrowed.

The IMF is the last resort, When no one else in the world will lend you money IMF will in exchange for reforms, PPP and PML_N brought us to the point where even IMF will not lend Pakistan money.

IMF lends money to everyone, the problem starts when you instead of taxing the rich go for the easy route i.e. GST and such tariff increase. The fact remains that PTI couldnt catch the bigger fish.