In different ways of executing this, the Punjab govt will make upfront payments to the five DISCOs to lessen their cost at Rs. 14 per unit. In this regard, the purpose is to provide financial release from the electricity burden for consumers.
Punjab Government Questions Distribution Companies on Financial Information
Distribution companies are expected to compute and submit financial estimates of PKR 14 per unit decrease by August 19 for timely implementation of the relief package. These include Lahore Electric Supply Company (LESCO), Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO). Multan Electric Power Company (MEPCO) and Gujranwala Electric Power Company (GEPCO).
How much would these companies save if they paid less by PKR 14 per unit? Consumers using between 201 and 500 units of electricity will receive the subsidy. The Punjab government will fill this gap by covering the difference between the subsidized rate and the actual electricity cost.
Nawaz Sharif’s Historical Relief Package Announced
Maryam Aurangzeb while briefing the media about this relief package exclaimed that it was a historical one as this had never happened in Pakistan before. The whole amount of money allocated for this has been done through the Punjab Government Budget worth Rupees Forty-five Billion. Over four months now, Maryam Aurangzeb shared how Nawaz Sharif PM Shehbaz Sharif CM Maryam Nawaz has concentrated only on finding some sort of solace in the lives of common people who were finding it hard during the economic crisis moment in time? That is why she finally thought about making such an announcement because these three powerful persons spent all their time working on one thing. Drawing up such a history-making package.
Fighting Misinformation & Promoting Unity
Some groups are spreading false information, including claims that Aurangzeb debunked. She said these critics, who were in power for four years ruined the state’s economy. Have no right to criticize the Punjab Govt steps taken in the public interest. They should recall their failures while in power when they never worked with public interest. But instead damaged their economic conditions. As well as diverging from the previous ease provided by Nawaz Sharif before 2018 at a growth rate of 6.1%.
Prerequisite for Other Provinces Following Punjab’s Suit
Maryam Aurangzeb urges other provinces like Khyber Pakhtunkhwa, Sindh, and Balochistan among others to adopt Punjab’s model and announce similar reductions through their budgets. Therefore she foresees that all other provinces are going to follow Punjab as regards economic relief through such moves.
