PML Nawaz has Asked Rulers to Resign to National Interests

Pakistan's Muslim League-Nawaz (PML-N) has asked rulers to resign to national interests, claiming that the government's "record financial mistake" has put the economy of the country one step away from irreversible bankruptcy. Total surrender of Pakistan's sovereignty and strategic assets. PML-N Secretary-General Ahsan Iqbal Former Prime Minister and Prime Minister of Information Mariam Aurangzeb and former Prime Minister Mohammad Zubair, former Prime Minister Mohammad Zubair At a press conference.

Pakistan's Taqeek-I-Insaf

Pakistan's Taqeek-I-Insaf (PTI) was busy attracting public attention at the expense of political opponents only through false corruption. Iqbal points out that growth, fiscal deficits and inflation are key areas, and that PTI has not only maintained its previous figures, but also caused record declines in all three areas. He said that unprecedented growth in all countries has plunged more than 3% in a year. The PML-N leader said inflation rose from 3pc to over 13pc, which is fatal when combined with low growth and fiscal deficits.

He asked the PTI regime to resign in parliament to share the actual rescue plan or save the country. Zubair said he believed the government had no economic plans at all, so he no longer had to take time. Even after recording a record deficit in the fourth quarter, he congratulated the prime minister and his cabinet and said he had no idea how the economy worked. Marriyum Aurangzeb said that "the inability, inadequacy and clue of the chosen prime minister and his imposed regime" led the country to the gates of hell.

Despite the "record borrowing, record development cuts, record inflation, record tax increases and record rupee devaluations," she regretted that the regime could not achieve its own goals sufficient for the "shame administration" to resign. The poor in this country are buried with a 200pc increase in gas prices, a 35pc increase in electricity bills, causing 1.5 million unemployed and pushing 4.5m below the poverty line, but the rich have reached 300 billion rupiah in taxes and fines.

While maintaining the corruption of more than 1 trillion rupees of the Peshawar metro and spending 100 billion rupees more than government spending, calling on the responsibilities of the Lahore, Multan and Rawalpindi subway projects, jeopardizing the austerity circus is a symbol of PTI's hypocrisy. " She said.

The government on Monday

The government advocated a decision to pay large corporations about Rs 220 billion in a US $ 440 billion bill under the Gas Infrastructure Development Seth (GIDC). Revenue Source. Energy Minister Omar Ayub Khan hastened to a joint press conference that the GIDC Waiver Ordinance along with Prime Minister Petro Biam Bavarar is following this pattern. GIDC (Revised) Act introduced by the PML-N Government for a similar agreement with the CNG sector.

The minister must submit to the forensic audit to determine whether the fertilizer industry has collected GIDCs from farmers, and if so, how much of that should be returned to farmers through future price adjustments or the government treasury. Ayub said, “All industries belonging to the GIDC and the disputes in court must sign a formal agreement to withdraw the case from the court, pay upfront 50PCs in advance within 90 days and use half of the GIDC rates in the future.

Those who choose not to offer the option can freely court proceedings, but they are not entitled to lower rates when the case is decided. The contract is a work of Asad Umar and Razak Dawood. President Baba pointed out that the 1,472 million rupees collected between 2011 and 2014 were declared by the Pakistan Supreme Court as the very highest in the Constitution, but they mislead that the government had chosen 220 billion rupees for 224 billion rupees.

As a result, 270 billion rupees were uncertain due to stay orders and judges' observations in various high courts. Baba adds, “Because we are streamlining our future income stream, we are ending the uncertainty of 227 billion rupees by guaranteeing an expected recovery of 223 billion rupees The government actually recovered according to the court's ruling, where the total bill does not exceed 15 pcs and 85 pcs may take 8-10 years, and it is unclear which direction this decision will proceed.

42 Billion rupees per year instead of 15 billion

He said, The government has collected 42 billion rupees per year instead of 15 billion rupees.” The government believed that the previous GIDC rates were higher and should be rationalized. Interestingly, the government raised 25 billion rupees for the target 100 billion rupees last year and set a goal of 30 billion rupees in 2019-20. He said that [Baba] and Omar Ayub did not participate in negotiations with the industry that led to the current consensus, but former Treasury Secretary Asad Umar and Managing Director Abdul Razak Aloud And finalized the ordinance.

Fatima and Enro fertilizers have exceeded US $ 660 billion rupees, so now you have to pay 330 billion rupiah. He believed that the current government has been given a fixed gas rate by the PPP government for 10 years and should not be covered by GIDC because two years of this period still remain. Babar has destroyed a total of 419 billion rupees, excluding 141 million rupees.

He said the old fertilizer plant would have to pay 71 billion rupees and now 35 billion rupees, and the new fertilizer plant (Engro and Fatima) will pay 65 billion rupees and a lower rate at the end of the 10-year protection period. Said to pay 32 billion rupees to ensure. Currently 4.3 billion rupees were superior to the general industry, which will pay about 21 billion rupees.

There are 10 billion rupees for IPP, 34 billion rupees for K-Electric, 300 billion rupees for Wapda Gencos, and 78 billion rupees for the CNG sector. The IPP will now pay Rs50bn, KE Rs17bn, Gencos Rs15bn and CNG Sector Rs37bn. He said recovery from CNG cannot be refunded to consumers because so many people have participated, but this amount can be deposited with the government.

He explained that outstanding funds for IPPs or other power plants were not withheld to investors or companies because they pass through items approved by regulators and can only be adjusted through regulatory mechanisms.

Ex-Wapda Distribution Companies

Ex-Wapda Discos sought an increase of Rs1.93 per unit of consumer tariff due to monthly fuel price adjustments higher than expected generation costs. The National Power Authority (Nepra) will file a public hearing on Sept. 4 on a petition for a consumer tariff increase from Watpo's former power distribution company (Discos) on the adjustment of fuel costs in power consumption in July. With the approval of the regulatory authorities, high electricity rates will be recovered from consumers in the coming billing month.

On behalf of Discos, the Central Power Purchasing Agency (CPPA) charged an additional fee of Rs1.93 per unit, in accordance with the basic tariff 2015-16. The CPPA in the petition in July charged consumers with a base tariff of Rs3.54 per unit, while the actual fuel cost turned out to be Rs5.46 per unit, so it should be able to recover Rs1.93 per additional cost. From consumers next month.

The total energy production from all sources in July is 14,231 GWh, Rs74.90bn and the average fuel cost per unit is Rs5.26. About 13,788 GWh was sold to Discos for Rs 75.41bn. Hydropower accounted for the largest share of about 32.53pc in total production in July. Since then, about 25pc in RLNG-based power generation, coal-based plants ranked third with 14.33pc share.

Locally produced gas-based electricity production amounted to 12pc, nuclear power accounted for 5.81pc, after which 5.5ppm consisted of furnace oil infrastructure. The share of wind power plants stood at 4.2pc. There was no fuel cost for hydropower, but the coal-based fuel cost was Rs5.6 per unit. The furnace oil-based plant produced electricity at a cost of Rs14.9 per unit.

The cost of nuclear fuel was found to be Rs1.022 Paisa per unit, and the power produced at the sugar mill accounted for less than 1pc with a fuel cost of Rs6.2 per unit. Electricity imported from Iran cost Rs11.57 per unit, with a total production share of 0.38pc. Wind produced 2.01pc electricity at zero fuel costs, while a 0.42pc contribution was again provided free from solar energy.

High tariff adjustments are not billed to lifeline consumers using up to 50 cars per month, but all other consumers in all categories, including industrial sectors and agricultural wells, must bear additional burden. The revised fee does not apply to K-Electric consumers.
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