Found this on internet.
Bill says no need to pay, also it says GOP has allocated 100000 in your account and now you have consumed 10597 and 89460 remaining.
Is this true, or its a bill of some priveledged officer ?
View attachment 634431
This is true. You can verify it on K elec site. This is a commercial connection and relief has been provided to SMEs on utility side. I have also attached it.
For individual consumers PKR 100 B is also being raised via power holding ltd from banks in form of additional syndicate debt. This will be used to cover 3 mths of elec expense of low income households that use lower elec units.
The bill will then be recovered in easy installments over several months.
Since we use a 3 phase individual connection and higher number of units so we were not eligible.
However, our gas utility expense was a few thousand rupees and but we paid only PKR 560 as the rest will be recovered by the government in installments. I am not sure if similar debt is being raised to cover the gap in payment for gas bills.
Our government is literally giving a lot of debt relief and subsidized loans as well to cover SME expense.
I work on the lending side in a bank. We just deferred principal payments by a year for most of our long term loan portfolio.
Further any company/business can get finance @ 3 percent via SBP rebates loan to cover salary expense of Apr, may and June provided that they can provide supporting documents.We have received several requests in one city alone.
This is apart from subsidized loans being provided by SBP via banks for BMR/new project financing to counter Covid crisis stagnancy.
All this will be financed via foreign and local debt.