The National Electric Power Regulatory Authority (NEPRA) has sought a written response from K Electric on the request for an interim increase. Due to the incompetence of K Electric, the electricity consumers of Karachi have to suffer the punishment of load-shedding for hours.
A hearing was held on K Electric’s request for 9 months FCA collections under the chairmanship of member NEPRA Rafiq Ahmed Shaikh.
K Electric had requested a 9-month fuel adjustment from July 2023 to March 2024.
In the application, K Electric has asked for an interim increase of Rs 18 86 paise per unit.
K Electric has demanded an increase of over Rs 18 per unit in future bills
It has been stated in the application that there is a request to shift the load of 25 billion 83 crore rupees to the consumers in 9 months.
Nepra officials say that the interim increase has been sought due to K Electric not having a multi-year tariff.
During the hearing, a user asked whether an interim increase can be given according to the Nepra rules. If there is scope, why is the request for monthly adjustment delayed? On which Member Nepra Rafiq Ahmad Sheikh said that there have been some changes in the regime of CPPA.
The report to be submitted to Prime Minister Shehbaz Sharif by the inquiry committee related to the wheat import scandal might not be prepared.
According to the sources, the committee has not yet summoned any current or former government political figure and it is possible that the committee may demand or suggest investigation from political figures as well.
On the other hand, important revelations have come out on this issue and progress is being made on a daily basis. Apart from this, the incompetence of the Punjab government has come to light on the issue of wheat import.
The Punjab government pointed out the delay in buying wheat while raising objections on March 31, 6 days before the last ship arrived. On the other hand, Chairman Kisan Ittehad Khalid Khokhar says, one billion dollars of foreign exchange has gone out, they will start a nationwide protest from May 10.
New facts in investigation
New facts have come out in the investigation of the wheat import scandal, according to which, despite the prohibition of the Punjab government, the federal government imported 8.5 lakh tons of wheat, but now the incompetence of the Punjab government has come to light on this issue. She kept looking.
On the import of 2.6 lakh tonnes of wheat, Punjab had written a letter to the Secretary National Food Security to stop the import, while on March 31, 6 days before the import of wheat, a copy of the letter written by the Secretary Food Punjab on 25 March 2024 has come out.
Wheat crisis: Kisan Ittihad announces to start protest from May 10
Letter from Secretary Food Punjab
The Secretary Food Punjab had written in the letter that till now 3.4 million tons of wheat has been imported, the production area in Punjab has increased from 1.6 million acres to 1.74 million acres while the production of wheat has increased from 2.13 million acres. An increase of 2 crore 42 lakh tonnes is expected.
According to the report, wheat worth 330 billion rupees was imported from August 2023 to March 2024. Pakistan is anchored, in the current government, 7 lakh metric tons of wheat worth 80 billion reached Pakistan.
According to the report, one billion and 10 million dollars went out of Pakistan to import wheat from Pakistan. In October 2024, 450,000 metric tons of wheat were imported. In November 2023, 500,000 metric tons of wheat were imported. 3.5 lakh 35 thousand metric tons of wheat were imported in December 2023, 7 lakh metric tons of wheat were imported in January 2024, 8.5 lakh metric tons of wheat were imported in February 2024.
The Central Chairman Kisan Ittehad demanded that first of all there should be a transparent investigation of wheat imported from outside, the Punjab government fixed a rate of Rs.
He further said that farmers were tortured and arrested for protesting peacefully, efforts are being made to push farmers towards chaos on social media, efforts are being made to bring farmers and institutions face to face, Kisan Malik. Security is guaranteed.
Khalid Hussain Bath said that violence on the farmers by the Punjab government is not acceptable, farmers’ wheat is currently being bought from 2600 to 3000 rupees which is being bought by the middleman.
He further said that if the situation remains the same, the common citizen will get very expensive and the farmers will lose billions of rupees. Our demand is that our wheat should be bought at the government rate so that we can cultivate the next crop.
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2024-05-06 12:59:54
Former Caretaker Prime Minister Anwar-ul-Haq Kakar has said that no one has any objection to spending dollars to buy dog food from abroad, but everyone is suffering when the people of Pakistan get cheap bread. Ga, there was no corruption in the matter of buying wheat from abroad, due to our measures, inflation has come down, I am being abused if the poor get cheap bread.
Speaking in a program on a private TV channel, Senator Anwarul Haq Kakar said that there is no wheat crisis in the country and there was no corruption in this matter. I have not done anything wrong. Not called.
The former caretaker prime minister said that no one has any objection to spending dollars to import dog food, but everyone is suffering when the people of Pakistan get cheap bread. If the investigation committee calls me, I will definitely go.
Punjab government’s incompetence on wheat import issue has come to the fore, important documents are also exposed
Anwar-ul-Haq Kakar further said that we are being accused of importing wheat during caretaker period for corruption, we have not issued any new SRO, SROPTI to allow import to private sector. Issued during the regime, that SRO remains in force till date.
The Department of Statistics has claimed an extraordinary reduction in the rate of inflation, the rate of increase in inflation was 17.3 percent in April, while Prime Minister Shehbaz Sharif declared the decrease in inflation as good news for the people and indicated further reduction in the price of petrol. gave
In a statement released by the Prime Minister’s Office, Prime Minister Shehbaz Sharif said that the lowest level of inflation in 2 years is a sign of economic improvement. are
The prime minister said that the rate of inflation has come down from 39 percent to 20 percent and now to 17 percent. Reduction in inflation is the first goal. With the grace of Allah, people will get more relief in economic activities.
Prime Minister’s signal of further inflation, announcement of end of government incentives
Shahbaz Sharif further said that the reduction in petrol prices will also give relief to the people as the prices of oil have come down in the global market.
Prime Minister Shehbaz Sharif directed that the provincial governments should take steps to reduce the prices of petroleum products and ensure the implementation of the official prices of food items.
According to the Bureau of Statistics, the rate in urban areas decreased by 0.1 percent, while the rate of inflation in urban areas was recorded at 19.4 percent.
According to the Institute of Statistics, fish became more expensive by 2.49% and potato by 2.29%, and the price of meat increased by 1.94% and dry milk by 1.34%. Apart from this, onion became cheaper by 15.58% and vegetables by 11.98% in one month.
According to the report, the price of wheat decreased by 10.44% in one month and flour became cheaper by 9.67% and tomatoes by 6.23%.
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According to the statistics agency, marriage hall charges, shoes, clothes, motor faisal became expensive while education services, transport services, house rents increased in one month.
It should be noted that earlier the World Bank and the IMF had predicted that the inflation rate in Pakistan this year will be more than 20 percent while in 2025 this rate will decrease to 15 percent.
At the beginning of last month, the World Bank predicted a decline in inflation next year. The World Bank had predicted the inflation rate to be 26 percent in the current fiscal year, 15 percent in fiscal year 2025, and 11.5 percent in fiscal year 2026.
Later in mid-April, the IMF projected a significant drop in inflation to 12.1 percent in the next fiscal year, with unemployment at 8 percent this year and 7.5 percent next year.
#Unexpected #drop #inflation #rate #government #hints #cheaper #petrol #Business #Economy
2024-05-03 21:23:53