Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Govt pays K-Electric Rs53b during current year, Rs312b in eight years

byCustoms Today Report
22/10/2014
in Business
Share on FacebookShare on Twitter

ISLAMABAD: The government paid Rs312 billion to the Karachi Electricity Supply Company (K-Electric) during the last eight years, in which Rs228 billion was paid in just last four years and Rs84 billion was paid last year, while with the highest ratio, Rs53 billion was given to the company during the ongoing year to fill the ‘tariff gap’, Minister of State for Water and Power Abid Sher Ali informed Senate.

The minister of state, criticising the agreement with K-Electric, said that the government was considering the agreement illegal and had challenged it in the Sindh High Court. He further said that the government had asked the company to immediately pay Rs17 billion out of total Rs32.79 billion it owed to the federal government.

You might also like

Dumpers Association rejects daily fuel price revision policy

23/07/2026

Petrol pump owners defer nationwide strike after negotiations with govt

22/07/2026

Replying a query during the question-answer session of the House, the minister said that pointing out the responsible of shortfall would create controversy, adding that the government was taking step to increase generation of electricity. Abid, responding to another question, said that the government had released just Rs100 million so far out of total Rs500 million allocated for building 20 small dams in Khyber-Pakhtunkhwa.

The minister informed the House that the government would soon start work on the Dasu dam, while funds had also been released for acquisition of land for the Diamer-Basha dam.

Tags: billiondamDasu damDiamer-Basha damelectricityfederal governmentK-ElectricKarachi Electricity Supply CompanyKhyber Pakhtunkhwaminister of stateMinister of State for Water and Power Abid Sher Ali informed SenateSenateshortfallSindh High Court

Related Stories

Dumpers Association rejects daily fuel price revision policy

byCT Report
23/07/2026

KARACHI: The Dumpers Association has rejected the government’s proposed plan to revise petroleum product prices on a daily basis, warning...

Petrol pump owners defer nationwide strike after negotiations with govt

byCT Report
22/07/2026

ISLAMABAD: The All Pakistan Petrol Pumps Owners Association (APPPOA) on Wednesday postponed its planned nationwide strike after successful negotiations with...

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan starts daily petrol, diesel updates from today

byCT Report
20/07/2026

ISLAMABAD: Pakistan has introduced a new daily pricing mechanism for petroleum products, replacing the previous periodic revision system. Under the...

Next Post

Opening: Qadri decision helps KSE take mammoth leap of 269 points

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.