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The Government Sets a 300-Unit FCA Electricity Cap

PM Shehbaz, 75% of consumers have been exempted from the fuel pricing change. Previously, the government stated that only families utilizing up to 200 units of energy would be free from FCA.

News Desk
2 Min Read
Prime Minister Shehbaz Sharif stated on Thursday that homes utilising up to 300 units of electricity would be free from the fuel cost adjustment (FCA).

Prime Minister Shehbaz Sharif stated on Thursday that homes utilising up to 300 units of electricity would be free from the fuel cost adjustment (FCA). In a speech to the party’s National Assembly and Provincial Assembly members, the prime minister criticised the previous government, saying that it ruined the economy by subsidising petroleum goods.

Before, the federal government said that FCA would only not apply to families that used up to 200 units of electricity. PM Shehbaz stated that 75% of consumers are free from the FCA, which was increased in March because of a rise in fuel prices. “The incumbent government represents all of Pakistan’s political parties,” the prime minister stated.

When asked about the previous government, the premier stated that it enabled sugar exports to gain money and also subsidised them. “The former [PTI-led] government stole Pakistanis’ hard-earned money by giving out subsidies worth billions of rupees,” he said.

He continued to criticise the Imran Khan government, claiming that it exported wheat first and then imported it at higher costs and that the previous government did not purchase liquefied natural gas (LNG) when it was cheaper during the COVID-19 pandemic. The prime minister said that the current government had to buy fuel at higher rates because of the Russia-Ukraine war. However, “we provided the consumers with electricity at lower rates.”

In response to the International Monetary Fund (IMF) agreement, Prime Minister Shehbaz stated that the current government made no commitments to the fund. “The IMF instructed us to meet the previous governments’ demands,” he continued. The premier said that one of the IMF’s requirements was for the provinces to sign a letter to the federal government guaranteeing a budget surplus for the whole fiscal year.

He stated that if the country is to be self-sufficient, this should be the final IMF programme. “We are still concerned that the agreement with the IMF will be broken,” PM Shehbaz stated.

Posted by News Desk
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