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friday, 26 october, 2018 I safar 16, 1440 I rs 19.00 I vol Ix no 117 I 16 Pages I Islamabad edition
Pakistan won’t take dictation from any country
STORY ON PAGE 02
Govt blames NePRa FoR taRiFF hike g
FInAnce mInISter UmAr SAYS tArIFF IncreASe wIll generAte ADDItIonAl rS130Bn, wIll not AFFect 70Pc conSUmerS ISLAMABAD
F
GHULAM ABBAS
inance Minister asad Umar Thursday claimed that the Pakistan Tehreeke-insaf (PTi) government had nothing to do with the increase in electricity rates as the nePRa had recommended the price hike “before the PTi government had even taken shape”. “Our government had nothing to do with even a penny of this hike,” the minister said while addressing a press conference, flanked by information Minister Fawad chaudhry and Power Minister Omar ayub Khan. The government has increased the electricity price by just Rs 1.27 per unit, unlike the Rs 3.82 per unit increase recommended by nePRa [national electric Power Regulatory authority], the finance minister said, adding that this determination of the price hike was completed in august.
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ASSertS no conDItIonS AttAcheD to SAUDI BAIloUt, PAKIStAn to PlAn For ImF AFter receIvIng eStImAteS oF FInAncIAl ASSIStAnce From other coUntrIeS
“after the economic coordination committee’s (ecc) decision and its sanctioning by the federal cabinet today, the average price hike (per unit) will be Rs 1.27 instead of Rs 3.82, which is less than one-third of what was recommended.” The minister informed journalists that the government had saved 70 per cent consumers from additional burden in the recent electricity tariff hike, which is expected to generate an additional Rs 130 billion. Under the new tariff, those domestic users consuming less than 300 units of electricity – almost 70 per cent of the users —will not be charged any extra amount. Domestic consumers using between 300 and 700 units will have to pay Rs 17.6 per unit instead of Rs 16 per unit earlier – an increase of 10 per cent, whereas those consuming over 700 units will have to pay Rs 20.7 per unit against the present tariff of Rs 18 per unit, an increase of 15 per cent. For the commercial consumers, those
using less than 5KV of electricity – almost 95 per cent of overall commercial consumers – will see no change in the tariff and will continue paying Rs 18 per unit. However, the tariff for consumers using over 5KV will pay Rs 19.68 per unit instead of Rs 16 per unit. according to finance minister, the tariff for zero-rated industrial sector will also see no change in a bid to boost exports. The decision will help the government recover at least Rs 130 billion from the consumers on account of tariffs. additionally, consumers will also pay Rs 21 billion in sales tax. The government has also maintained the reduction in tariff for tube wells at Rs 5.35 per unit, which was announced by previous government in its last few months. Finance Minister Umar said that the government will not exceed the Rs 105 billion limit of subsidy it announced in the budget for power sector.
Pakistan army stands by Kashmiris, says gen Bajwa
STORY ON PAGE 02
Death toll from Saudi airstrike in Yemen rises to 21
CONTINUED ON PAGE 03
STORY ON BACK PAGE
sC summons 20 Pakistanis Us, eU nations demand explanation who own foreign properties for crackdown on aid groups g
LONDON: Special Assistant to PM on Accountability Shahzad Akbar calls on UK PM’s Special Representative for Afghanistan and Pakistan Gareth Bayley. PID
FIA rePort SAYS eStImAteD worth oF ProPertIeS owneD BY 894 PAKIStAnIS In UAe IS AroUnD $100Bn
Pakistan, Britain discuss extradition of suspects, money laundering cases STORIES ON PAGE 03
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In letter wrItten to PM Khan, foreIgn dIPloMats say Ingos dId not get any exPlanatIon why govt had ordered theM out STORY ON PAGE 02
Khashoggi’s murder was ‘premeditated’, says Saudi prosecutor STORY ON BACK PAGE
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