Former Interim Commerce Minister Gohar Ejaz has proposed a plan to lower electricity bills across the country.
According to private TV channel, former Interim Commerce Minister Gohar Ejaz has proposed eliminating all taxes on electricity bills and halting payments of 2 trillion rupees to Independent Power Producers (IPPs).
Ejaz suggested that payments should only be made for electricity production. He further recommended reducing the rate for consumers using up to 200 units per month to 10 rupees per unit, while the price for all other consumers should be reduced to below 30 rupees per unit.
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Ejaz also highlighted that inflation in Pakistan has remained at 12% over the past year, despite which the interest rate stands at 19.5%.
He argued that reducing the interest rate could lower the government’s debt by 3 trillion rupees.
The former interim minister has advocated for lowering the interest rate to 12% and proposed zero-rating the local export industry. He suggested reinstating the no-tax no-refund policy for the export sector and establishing a task force to develop a 10-year export and industrial policy.