World

PM waives fuel adjustment charges

17 million consumers would be benefited in electricity bills of August

Prime Minister Muhammad Shehbaz Sharif on Tuesday announced a complete exemption to about 17.1 million electricity consumers out of 30 million in country from paying their fuel adjustment charges (FAC) in electricity bills.
As immediate relief measures for masses, PM said that government had also notified rescinding of levy of fixed taxes on retailers and shopkeepers.
He expressed that these measures would provide immediate relief to masses.
Accompanied by the members of his delegation during his two-day official visit to Qatar, PM said that when they came into power, they had two targets to achieve.
coalition government carried the backlog of the previous government which had left behind a trail of worst performance and economic decay and due to their pathetic policies, country was on verge of default, he said, adding, but due to untiring efforts of coalition government, that danger was over.
PM said the previous government’s poor performance had resulted in the price hike of commodities, but his government continued its efforts day and night.
He said that though they had not achieved much in the span of hardly few months, but efforts were being made through collective efforts ‘to send back the jinni of price hike back into bottle’.

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