ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader Muftah Ismail has criticized the government’s decision to increase electricity tariffs by Rs 1.95 crore and impose a burden of Rs 200 billion on consumers.
Muftah said that the PTI government has increased the rates due to the increase in revolving loans in the country.
“We have reduced the revolving credit to Rs 1,036 billion – which included power deficit and bank loans.” Under Imran Khan, the figure was 2,400 due to the high cost of electricity, “he said. Billion and increase from Rs. 50 to 60 billion per month.
The former finance minister said that Prime Minister Imran Khan had hiked power prices immediately after taking office in an attempt to stem the rise in debt. “Annually, revolving loans are increasing by Rs 600 billion, mostly due to losses in power transmission and distribution.”
When the PML-N came to power, power losses were recorded at 21%. He said that an average of Rs. 15 billion was being lost to the national exchequer due to loss of electricity.
Muftah claimed that the average collection of electricity bills during the PML-N era was 93 per cent but during the PTI era it has come down to 80 per cent as the country was suffering from corona virus epidemic last year. ۔ “Currently, the electricity bill collection is 88%.”
He claimed that the PTI government was not complying with the NEPRA Merit Order and the 5% recovery rate had also caused losses.
Instead of opting for cheaper options, Muftah criticized the PTI government’s decision to generate electricity from expensive power plants and the delay in ordering the supply of LNG. He said that PTI government was generating electricity from furnace oil and diesel from expensive sources.
“Last summer, they generated 280 million units of electricity from diesel at Rs 18 per unit, and furnace oil at a cost of Rs 5.13 billion. One unit of electricity generated from LNG and natural gas. The cost is about Rs. 66 or less.
The former minister said that the PML-N government has generated more than 11,000 MW of electricity and plans to increase it. “On the one hand, the PTI government says there is a power surplus and on the other hand, they are setting up new power plants,” he said, adding that the PML-N government Has dropped its 10 per cent increase in consumption, but the incoming government has “wreaked havoc” on the economy.
Muftah claimed that people had applied for 3,000 MW connections but the government was not releasing them. He urged the government to shut down the 50-year-old furnace oil-fired power plants, Muftah said, adding that the product had benefited some and harmed the country.
Criticizing the government’s decision to suspend the supply of gas to the domestic industry from February 1 and the export industry from March 1, PML-N leader Muftah Ismail demanded that the decision be reversed.
According to Geo News, Muftah said it was strange not to suspend gas supplies to industries. “It will create serious problems in the textile and other sectors.”
The former finance minister said that the present government was buying LNG at exorbitant rates as it was ordering late. “[They] They fail to procure gas and throw the rubble of its incompetence on industries, ”he said, urging the government to reverse the decision.