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PM Shahbaz announces 300 units electricity cap for FCA exemption

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PM Shahbaz announces 300 units electricity cap for FCA exemption
Prime Minister Shahbaz Sharif addressing the partys National Assembly and Provincial Assembly members in Islamabad on September 1, 2022. — YouTube screengrab/Hum News Live
Prime Minister Shahbaz Sharif addressing the party’s National Assembly and Provincial Assembly members in Islamabad on September 1, 2022. — YouTube screengrab/Hum News Live 

ISLAMABAD: Prime Minister Shahbaz Sharif Thursday announced that the households consuming electricity up to 300 units will be exempt from fuel charges adjustment (FCA).

His comments came during a meeting with PML-N’s National Assembly and Provincial Assembly members in the federal capital. 

Taking a dig at the former government, the premier said that it destroyed the economy by reducing the prices of petroleum products through subsidies.

Earlier, the federal government announced that only households that consume electricity up to 200 units will be exempt from FCA.

PM Shahbaz said that 75% of the consumers have been exempted from the FCA, adding that it was increased in March due to a hike in fuel prices.

“The incumbent government represents all the political parties of Pakistan,” said the prime minister.

Talking about the previous government, the premier said that it allowed the export of sugar so it could earn dollars and also subsidised it. “By proving subsidies worth billions of rupee, the previous [PTI-led] government has embezzled hard-earned money of the Pakistanis,” he added.

He continued to berate the Imran Khan-led government and said that it exported wheat first and then imported it at higher prices, adding that the former government did not buy liquefied natural gas (LNG) when it was being sold at cheaper rates during the COVID-19 pandemic.

The prime minister said that the current government had to buy fuel at higher rates because of the Russia-Ukraine war, however, “we provided the consumers with electricity at lower rates.”

Shedding a light on the International Monetary Fund’s (IMF) deal, PM Shahbaz said that the current government did not make any commitments with the fund. “IMF told us to fulfil the conditions of the previous governments,” he added.

The premier said that it was one of the conditions of the IMF that the provinces write a letter to the federal government, assuring them of a budget surplus during the fiscal year.

He said that this should be the last IMF programme if the nation wants to stand on its own feet. “We still fear that the agreement with IMF may break,” added PM Shahbaz.  


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