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Ministry of Energy Considers Ending Free Electricity and Petrol Facilities Amid Financial Crisis
The Ministry of Energy is planning to end free electricity and petrol benefits for government institutions to tackle financial issues and boost exports.
ND
by News Desk
2024-07-27
Ministry of Energy Considers Ending Free Electricity and Petrol Facilities Amid Financial Crisis

The Ministry of Energy is drafting an emergency plan that includes the potential abolition of free electricity facilities for all government and semi-government institutions. This move is part of a broader strategy to address the country's financial difficulties and boost economic performance.

 

Sources within the ministry revealed that the proposed plan considers cutting off free electricity benefits not only for bureaucrats and judges but also for parliamentarians. This measure is aimed at reducing financial strain and promoting fiscal responsibility.

 

In a subsequent phase, the ministry is also contemplating withdrawing the free petrol facility, further aligning with its strategy to confront financial challenges. The goal is to implement revolutionary measures that can help avoid permanent default and contribute to achieving the ambitious target of $60 billion in exports.

 

The plan emphasizes a targeted approach to supporting economic productivity. Industries and businesses will be given necessary facilities to enhance their operational efficiency, while free utilities will be eliminated for non-essential sectors. Additionally, there is a proposal to reduce Maximum Demand Indicator (MDI) charges for factories, which is expected to lower operational costs for the manufacturing sector.

 

To ensure the effectiveness and accountability of these measures, the ministry has also decided to review the performance of regulatory bodies, including the National Electric Power Regulatory Authority (NEPRA) and the Oil and Gas Regulatory Authority (OGRA). The review aims to enhance regulatory efficiency and ensure that the measures are implemented effectively.

 

These proposed reforms are part of a broader effort to stabilize the country’s financial situation and improve economic conditions, reflecting a significant shift in the approach to managing state resources and expenditures.
Tagged:

EconomicReforms

FinancialCrisis

EnergyMinistry
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