Dada Pota Show of 08-03-2019. The only program of business and economy in Pakistan.
Discos Deficit Pakistan’s Debt Mini Budget Agriculture Machinery Privatise 48 PSEs Dada Pota Show 08-03-2019
Dada Pota Show 08-03-2019 based on Discos Deficit Pakistan’s Debt Mini Budget Agriculture Machinery Privatise 48 PSEs.
Today, Dada G shared his opinion on important news that Discos facing Rs201.823 bn deficit: Govt set to pass on burden to end power consumers.
The electric power distribution companies (Discos) are facing deficit of Rs201.823 billion in first six months of the ongoing fiscal and to bailout them, the federal government has asked Nepra to increase the electricity tariff by Rs1.80 billion. The regulator has approved the petition of the government and to this effect has set the hearing date.
The government is on the tight rope as it is left with two options; one to provide the subsidy to Discos or increase the tariff to meet the shortfall of Rs201 billion and there is no third option left to the government. The cash strapped government is unable to extend the subsidy because of massive shortfall of Rs237 billion in first 8 months. Meanwhile, the circular debt has also increased to whopping Rs1.6 trillion for which the government has arranged Rs200 billion from the consortium of Islamic banks against the assets of the Discos and Gencos.
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