Power consumers repaying Rs180b borrowed by govt
ISLAMABAD: The Ministry of Finance informed a parliamentary body on Tuesday that the previous Pakistan Muslim League-Nawaz (PML-N) government had borrowed Rs180 billion to reduce circular debt, but the money was being recovered from power consumers in the form of surcharges.
Officials of the ministry made the disclosure in a meeting of the Senate Special Committee on Circular Debt called by Senator Shibli Faraz.
Faraz pointed out that the PML-N government never encouraged use of alternative energy sources nor was private sector supported to install such plants. “The government had deliberately discouraged this sector in order to exploit costly sources of energy,” he remarked.
Published in The Express Tribune, 4th July, 2018