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Cabinet approves revised circular debt management plan for power

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The federal cabinet has approved the revised circular debt management plan for power through circulation under which the government will increase power prices and end subsidies to pacify IMF.

According to sources, under the plan, the government will increase the electricity price by Rs7.91 per unit in four quarterly adjustments – Feb-March 2023, March-May, June-August and September-November to meet the tough conditions of the IMF.

Sources claimed that the federal cabinet also approved the withdrawal of electricity subsidy of Rs65 billion given to the exporters and farmers, with effect from March 2023. The subsidy of Rs12.13 per unit on electricity given to export sector will be withdrawn, they added.

Moreover, almost Rs250 billion will be recovered from electricity consumers by June 2023. Under the circular debt management plan, the government would impose a surcharge of Rs3.39 per unit.

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The government will charge Rs3.21 per unit from now onwards, 69 paise from March-May and increasing again to Rs1.64 per unit from June onwards to August of 2023. From Sep-Nov, the govt will hike power tariff by Rs1.98 per unit.

Sources claimed that the government would recover Rs65 billion by June after withdrawing the subsidy given to farmers. Meanwhile, Rs51 billion would be recovered by withdrawing subsidy for exporters. The government would also recover Rs14 billion after the withdrawal of subsidy under Kissan package, sources added.

Earlier on Friday, the Economic Coordination Committee (ECC) of the federal cabinet has approved a revised plan for managing the power sector’s circular debt, said a press release issued by the Finance Division.

The Ministry of Energy presented a summary of refinancing the debt of Power Holding Limited and a surcharge to recover the markup payments.

The ECC approved the proposal to recover Rs76 billion, exempting non-Time of Use domestic consumers who use less than 300 units and private agriculture consumers for four months from March 2023 to June 2023, to recover the markup charges of PHL loans.

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An additional surcharge of 1 rupee per unit for FY24 will also be imposed to recover the additional markup charges not covered through the existing FC surcharge. The surcharges will be applicable to K-Electric consumers to maintain a uniform tariff across the country.
 

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Govt wants more women in police department: Maryam Nawaz

Govt wants more women in police department: Maryam Nawaz

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Govt wants more women in police department: Maryam Nawaz

Punjab Chief Minister Maryam Nawaz has said government wants to increase number of women in the police department.

Maryam, while addressing the passing-out parade ceremony at Chung Police Training College, said, “I salute you all. I am happy the first Sword of Honour has been awarded to a female police officer. I am proud of you. I was waiting for this event since taking oath as chief minister, she said.

“When I wore the police uniform for the first time, I realised it is a big responsibility,” said the chief minister and added she was happy to see 530 women passing out.

She said she happy to see women police officers performing duties.

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“When I wore the uniform for the first time today, I felt it was a big responsibility. I am proud of women serving in police department,” said CM Maryam.

She said there were 7,000 women police personnel serving in Punjab. “I want to increase women participation in Punjab police. Lady cops are superhuman. Women are soft hearted so they forgive.

However, there should be no tenderness in your heart for the oppressor,” said the chief minister and asked the lady police officers to take pity on the oppressed and hold the oppressor accountable for his misdeeds.

“THERE IS NO REVENGE IN MY HEART”

Maryam said there was no feelings of revenge in her heart. “If, being the chief minister, I decide something against someone, I do it with a heavy heart,” she said.

“To be a chief minister is not an easy task. I had to make hectic efforts reach this place,” she said.
She paid glowing tribute to her father Nawaz Sharif and uncle Shehbaz Sharif.

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PASSING OUT PARADE

Earlier, a passing out parade was held at Chung Police Training College. Punjab Chief Minister Maryam Nawaz attended the ceremony as a special guest.

Maryam inspected the parade dressed in police uniform. She also distributed prizes to police officers who exhibited excellent performance.

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Supreme Court reinstates Balochistan Assembly speaker, annuls ECP’s decision

Supreme Court reinstates Balochistan Assembly speaker, annuls ECP’s decision

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Supreme Court reinstates Balochistan Assembly speaker, annuls ECP's decision

The Supreme Court on Thursday annulled the decision of Election Commission (ECP) and reinstated Balochistan Assembly Speaker Abdul Khaliq Achakzai.

A three-member bench of the Supreme Court, headed by Justice Aminuddin Khan, also annulled the ECP’s order of re-polling at 12 polling stations of PB 51 Chaman.

Justice Khan asked the ECP counsel under which regulation the commission ordered re-election at 12 polling stations?

Justice Muhammad Ali Mazhar remarked that the ECP considered only 12 polling stations but ignored others.

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Justice Khan remarked that the ECP had neither conducted an inquiry nor followed any rules. The DG Law submitted that the ECP took into account those 12 polling stations regarding which it had received plea. There was high voter turnout in these 12 polling stations.

Justice Mazhar said that the ECP should have taken into account the entire constituency. Had the ECP performed according to rules, people would not have had to come to court.

The court referred the case back to the ECP after consulting the parties and ordered the commission to decide the issue within 10 days.

It may be remembered that the ECP had ordered re-polling on the application of Khaliq’s opposing candidate Asghar Khan Achakzai and withdrew the notification of his success. PML-N’s candidate Khaliq challenged the ECP decision. 

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Govt, Opp prepare power-sharing framework for NA committees

Govt, Opp prepare power-sharing framework for NA committees

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Govt, Opp prepare power-sharing framework for NA committees

The government and opposition on Thursday prepared a power-sharing formula for formation of National Assembly committees, after which the negotiations entered the final stage.

The government alliance will get chairmanship of 26 committees of the National Assembly while opposition will have chairmanship of 11 committees.

Similarly, the chairman of the Public Accounts Committee will be from the opposition and the chairman of the Kashmir Committee will be appointed from the government side.

The speaker will be the chairman of the National Assembly House Business Advisory Committee.

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According to the framework, standing committees will have 13 members and Public Accounts Committee will have 16 members from the government alliance.

Likewise, Kashmir Committee will have 15 members while House Business Advisory will have 18 members from the coalition government.

The number of opposition members in the standing committees of the National Assembly, Public Accounts Committee and Kashmir Committee will be 7-7.

Apart from this, the chairman of 14 committees of the National Assembly will be from the Muslim League-N, while PPP will get chairmanship of eight committees.

MQM will get chairmanships of two committees. Pakistan Muslim League-Quaid (PML-Q) and the Istehkam-e-Pakistan Party (IPP) will get one chairmanship each.

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10 committees will be chaired by independent members supported by PTI while one committee will be chaired by JUI.

Out of the 20 members of the standing committees, 14 members will be appointed from the government side and six from the opposition parties.

Each standing committee will have seven members from PML-N, four from PPP and one member each from PML-Q and MQM.

In the standing committee, five independent members of PTI and one member of JUI will be given membership as committee members.

Of the 23 members of the Public Accounts Committee, 16 MPs will be included from the government and seven from the opposition.
About 22 members of the Privileges Committee, 15 members will be included from the government and seven from the opposition side. Of 16 members in the government assurances committee, 11 will be from the government and five from the opposition.

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In the 22-member Kashmir Committee, the government’s quota will be 15 while the opposition will contribute with seven members. Of the 26 members of the House Business Advisory Committee, 18 will be from the government and eight from the opposition.

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