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Power sector major beneficiary of Rs1.36tr in subsidies

17 1
13.06.2024

ISLAMABAD: The government has decided to enhance the subsidies to merged districts of former Fata in Khyber Pakhtunkhwa, mainly in the power sector, while increasing the food subsidies to the Gilgit-Baltistan region.

The federal government has decided to grant Rs86 billion in power subsidy arrears for erstwhile Fata in the budget, and Rs65bn has been allocated in power subsidy for the upcoming federal budget 2024-25.

The power subsidy for former Fata in the outgoing fiscal year was Rs25bn, but the government paid Rs39bn under this heading.

The government has allocated Rs1.36 trillion in subsidies for the next fiscal year, compared to Rs1.07tr spent on this head in the outgoing fiscal year 2023-24. The bulk of subsides amounting to Rs1.19tr has been allocated for the power sector, mainly Water........

© Dawn Business


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