A.   Background (BG)

1.   This refers to the related Important TLQCs in trail, blue, italic and double line (a) 129 of 8.10.24 about Five + 18 Power Companies Agreement Termination & Jamaat, etc efforts for U (b) 127 of 11.10.24 about Electricity Power Termination Agreements to Public Favour due to JI, FPCCI, etc efforts

B.   Updated Commentary

Further to KQU 3186, being an important matter, we would inform you about Govt saved Rs 1.1 trillion through talks with IPPs: Awais Leghari (Attachment 155.1) in the ensuing paragraph, with emphasis in bold & Underline for quick reading.

C.   GENERAL

1.              Minister for Power Sardar Awais Ahmad Khan Leghari says the government has saved one point one trillion rupees through negotiations with IPPs.

2.              Addressing an International Hydropower Conference in Islamabad, he said the government and IPPs mutually renewed the contracts in the interest of Pakistan.

3.              He said that people can no longer afford to pay the electricity bills and the government is going to revamp the entire power sector.

4.              The Minister further said production of least cost electricity is the only consideration of the government.

5.              He said renewable energy is the way forward to generate the least cost electricity in the country.

6.              Sardar Awais Leghari said that the government is reviewing various taxes included in electricity bills to provide maximum relief to the consumers.

7.              He said a competitive electricity market will be launched in March, where market forces would determine power tariff, and the government would play only a facilitating role.

D.   Multiplication

If Public support continues with Invite your friends to be a part of this great struggle based on regular increase in Jamaat e Islami membership form being filled, then above 1.1 Trillion or even more saving, 5 announced and 18 IPPs will announce Termination Agreement, the Bills /  Electricity prices will be reduced. Have your Goodself, family, friends filled the Online Form?  It would be in the Interest of Justice and Public interest at Large that now DISCOS like KE & XWAPDA should reduce prices, if we keep pressure on them and Govt.

Although all the Commentaries are to the extent of the Subscribed IDs only, however, your Goodself is allowed to share this PGEC for the Noble Cause to Impart Knowledge, so as to save Electricity usage by your Entity, Home, Masjids, etc leading to less Units usage bill and all Professionals & Masses may make issue as to are being charged to Good Payers. 

(a) Capacity Charges, etc

(b) Why Line Losses (including for Govt, KE & XWAPDA DISISCOs employees and theft) and Bribery as to increase in Tariff 

(c) A huge counter effect of 4 Federal Sales Tax types.

We expect that you would support and be a Member of the JI, whose workers are taking risks and working in your Favour; and Against Unreasonable Prices due to Capacity, Line Losses, etc; and will atleast multiply. 

Otherwise, be ready for constant increases in Electricity bills with different methods, inspite of constant decreases in International Fuel Prices, etc. 

E.   Further Details & Services 

Should you require any clarification or explanations in respect of the above or otherwise, or require Income Tax, Federal & Provincial Sales Tax or Withholding Tax Advisory, Statement or Return Filing or Review services, or related accounting matters like the above, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com. Your Goodself may continue to get other services from your current Tax & Legal Advisors.

Best regards for Here & Hereafter

Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

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