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Baner Club > Blog > Ecnomics > Power reforms to increase the demand for electricity, change taxes, and eliminate subsidies
EcnomicsPakistan

Power reforms to increase the demand for electricity, change taxes, and eliminate subsidies

A plan that spans three to five years has been established to address transmission defects throughout the grid.

Last updated: 2024/08/26 at 7:34 PM
Published August 26, 2024
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In order to improve the power industry, the federal government has unveiled a comprehensive short- and mid-term reform plan that includes important steps like doing away with cross-subsidies, changing taxes, and raising the demand for electricity in the winter.

Cross-subsidies will no longer be allowed by the government in an effort to lessen the financial strain on the industrial sector.

assistance for domestic customers

Domestic consumer subsidies will now be connected to data from the Benazir Income Support Program (BISP), guaranteeing that funds are only disbursed to qualified households.

Tax adjustments

The reform plan calls for revisions to the taxes pertaining to the power industry.

Integration of Captive Power Plants: Imported coal-fired plants will switch to using domestic coal, and captive power plants will be integrated into the National Grid.

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admin August 26, 2024 August 26, 2024
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