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Allegations of K-Electric overcharging government agencies

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7 months ago

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The energy minister said in a statement released here that during the previous ten years, K-Electric had demanded an extra Rs 20 billion from the ministries of the Sindh government.

“Over Rs 2 billion was overcharged in just the past year, according to an audit,” Syed Nasir Hussain Shah continued.

The energy minister continued by saying that, in an attempt to stop overbilling, the province government had also given the KE billions of rupees to install smart meters, but to no effect.

Despite getting billions of rupees, Syed Nasir Hussain Shah stated, “The KE has yet to install smart meters at Sindh government’s departments.”

In addition to preventing overbilling, the minister claimed that smart meters would have given real-time data.

As government institutions are overcharged for billions of rupees, the minister questioned, “What will be the state of citizens?”

In order to shield the public from KE’s excessive billing, he also declared the formation of a joint committee. The Sindh government will make sure that the overbilling practises of the company do not negatively impact the people of Karachi, according to Syed Nasir Hussain Shah.

Overbilling and unexpected electrical load shedding should halt, according to Syed Nasir Hussain Shah’s earlier statement on May 22.

A meeting regarding the electricity load shedding has also taken place, according to the energy minister of Sindh, who was speaking on the floor of the Sindh Assembly.

Regarding the complaints against K-electric, the minister announced that a meeting will take place in Karachi on Friday.

Our actions are in accordance with protocol and we are supporting the people of the province. He said, “We were unable to seize control of the K-electric.”

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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