Electricity subsidy policy under review, restriction proposed

News Image

MG News | February 26, 2025 at 05:05 PM GMT+05:00

February 26, 2025 (MLN): In a crucial discussion on the country's electricity subsidy policy, officials from the Ministry of Finance briefed the Senate Standing Committee on Finance during a meeting chaired by Saleem Mandviwalla.

The officials stated that the proposal is to limit the electricity subsidy only to the beneficiaries of the Benazir Income Support Program (BISP).

They further informed that the Ministry of Finance, the Power Division, and relevant companies are working on this objective.

Senator Anusha Rehman opposed the subsidy, stating that there should be no subsidy on electricity, as per the press release issued today.

She criticized the policy, saying, "After poor women, you now want to turn the entire nation, including men, into beggars."

A committee member emphasized that those who can afford electricity should pay their bills.

The committee also discussed resolving the issue of outstanding dues amounting to Rs33 billion under electricity subsidies for Karachi's industries.

Officials from the Ministry of Finance informed that the matter is currently pending in court.

They further stated that K-Electric has obtained a stay order from the court regarding this issue.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,985.00 61,150.00
60,600.00
1150.00
1.92%
BRENT CRUDE 73.38 73.43
73.22
-0.36
-0.49%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 126.50 126.50
125.90
0.50
0.40%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 70.10 70.15
69.66
-0.24
-0.34%
SUGAR #11 WORLD 14.01 14.09
13.81
0.06
0.43%

Chart of the Day


Latest News
June 24, 2026 at 06:36 PM GMT+05:00

Shifa earns historic dual JCI honor


June 24, 2026 at 06:15 PM GMT+05:00

SCRA balance drops Rs915m to Rs26.3bn


June 24, 2026 at 05:00 PM GMT+05:00

Pakistan showcases basmati, eyes deeper EU trade ties



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg