logo
PTI criticises energy policies of govt

PTI criticises energy policies of govt

Business Recorder12 hours ago

ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf (PTI) on Saturday launched a scathing attack on the government, accusing it of enacting 'short-sighted, flawed, and misguided' policies that have crippled the power sector and driven electricity beyond the reach of millions.
Speaking at a presser, Opposition Leader in National Assembly Omar Ayub took direct aim at the government's energy and fiscal management, flanked by senior PTI leaders Shibli Faraz, Sheikh Waqas Akram, and Taimur Jhagra. Together, they painted a grim picture: ballooning utility bills, decaying infrastructure, and chronic mismanagement. 'Electricity was far more affordable under our government,' Ayub said. 'Now, its prices have skyrocketed, and even the federal capital is experiencing frequent outages. The infrastructure is outdated, the number of feeders is inadequate, and demand continues to rise.'
Citing escalating global oil prices exacerbated by the ongoing Israel-Iran conflict, Ayub warned that the economic fallout could drive Pakistan further toward collapse.
ASRE 2025: Economic and energy policies must be aligned: experts
Turning to the federal budget, Ayub called it a disaster, criticising the government's approach to energy policy. They can't stand the idea of affordable electricity, he said. 'The projects we initiated for Rs450 billion are now costing Rs2,000 billion – not due to inflation, but because of mismanagement and sheer incompetence.'
He condemned the recurring Fuel Price Adjustments (FPA), arguing that they disproportionately burden ordinary citizens. 'Rates shift every three months, and it is always the people who pay,' he lamented.
Ayub also accused the government of blocking the broadcast of his budget speech. 'They are afraid of the truth and that's the reason they censored my speech on the finance bill,' he claimed.
He warned of a ballooning budget deficit – Rs6,501 billion – and looming threats of oil shortages and surging interest rates. 'This government must be held accountable. There is no alternative but to send them home.'
However, Shibli Faraz echoed Ayub's concerns. 'Regional conflict will only drive fuel prices higher, and it is the people who will bear the cost. We have been saddled with corrupt, incompetent rulers.'
Despite a reported 80,000 megawatt generation capacity under the PTI government, Faraz argued, power remains unaffordable. 'People want to pay their bills but they simply can't.'
He also criticised the government's decision to impose an 18 per cent tax on solar panels, calling it a penalty on those seeking alternatives. 'We had a strategy in 2022 to promote competition. None of it has been implemented.' He pointed to a rising circular debt, inconsistent electricity supply, and outstanding payments to energy firms. 'There has been zero meaningful progress. PML-N and PPP are directly responsibility for this crisis.'
Though the current generation capacity stands at 46,000 megawatts, Faraz said, cities remain in darkness, and load-shedding is worse than ever.
Taimur Jhagra, an ex-provincial finance minister of PTI, severely criticised the government's limited privatisation effort – targeting only LESCO, FESCO, and IESCO – as insufficient and uneven. 'Millions in ex-FATA remain entirely without electricity,' he said. 'Who will be held accountable?'
He said the Khyber-Pakhtunkhwa budget had been presented and citizens would soon see the difference. He also raised questions about the legal basis for the ongoing isolation of PTI patron-in-chief Imran Khan. 'What law allows this? Why is he being punished?'
Jhagra said Punjab now endures more than 12 hours of daily load-shedding, while KP swelters under 46°C heat. 'Basic rights are being denied. Agriculture has completely collapsed. Even Bangladesh has gone ahead of us in energy.'
Closing the presser, PTI spokesman Sheikh Waqas Akram spotlighted the crisis in rural areas of the country particularly in KP, Balochistan, Sindh, and southern Punjab, where power shortages have become acute. He said privatisation would fall short without fundamental reforms in IESCO and LESCO.
Copyright Business Recorder, 2025

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Israel and Iran strike at each other as Trump says conflict can be easily ended
Israel and Iran strike at each other as Trump says conflict can be easily ended

Business Recorder

time3 hours ago

  • Business Recorder

Israel and Iran strike at each other as Trump says conflict can be easily ended

TEL AVIV/DUBAI: Israel and Iran launched fresh attacks on each other overnight into Sunday, as US President Donald Trump said the conflict could be easily ended while warning Tehran not to strike any US targets. Israeli rescue teams combed through the rubble of residential buildings destroyed in strikes, using flashlights and sniffer dogs to look for survivors after at least seven people were killed, including children, authorities said. Tehran has called off nuclear talks that Washington had said were the only way to halt Israel's bombing, while Prime Minister Benjamin Netanyahu said the attacks by Israel so far were nothing compared with what Iran would see in the coming days. 'If we are attacked in any way, shape or form by Iran, the full strength and might of the U.S. Armed Forces will come down on you at levels never seen before,' Trump said in a message on Truth Social. 'However, we can easily get a deal done between Iran and Israel, and end this bloody conflict.' Around 60 people, including 20 children, killed in Israeli attack on Tehran, Iran's state media reports Trump gave no details of any possible deal. Iran has said 78 people were killed there on the first day of Israel's campaign on Friday, and scores more on the second, including 60 when a missile brought down a 14-storey apartment block in Tehran, where 29 of the dead were children. The Shahran oil depot in Tehran was targeted in an Israeli attack, Iran said, but added the situation was under control. A fire had erupted after an Israeli attack on an oil refinery near the capital while Israeli strikes also targeted Iran's defence ministry building, causing minor damage, the semi-official Tasnim news agency said on Sunday. In Israel, the latest wave of Iranian attacks began shortly after 11 p.m. on Saturday (2000 GMT), when air raid sirens blared in Jerusalem and Haifa, sending around a million people into bomb shelters. Around 2:30 a.m. local time (2330 GMT Saturday), the Israeli military warned of another incoming missile barrage and urged residents to seek shelter. Explosions echoed through Tel Aviv and Jerusalem as missiles streaked across the skies as interceptor rockets were launched in response. The military lifted its shelter-in-place advisory nearly an hour after issuing the warning. Yemen's Iran-aligned Houthis said on Sunday that they targeted central Israel's Jaffa with several ballistic missiles in the last 24 hours, the first time an ally of Iran has joined the fray. Donald Trump says Iran would face US might 'at levels never seen before' if it attacks US Israel's ambulance service said at least seven people were killed overnight, including a 10-year-old boy, a young girl and a woman in her 20s, and more than 140 injured in multiple attacks. Israeli media said at least 35 people were missing after a strike hit Bat Yam, a city south of Tel Aviv. A spokesperson for the emergency services said a missile hit an 8-storey building there and while many people were rescued, there were fatalities. It was unclear how many buildings were hit overnight. So far, at least 10 people in Israel have been killed and over 300 others injured since Iran launched its retaliatory attacks on Friday. A round of U.S.-Iran nuclear talks that was due to be held in Oman on Sunday was cancelled, with Iranian Foreign Minister Abbas Araqchi saying the discussions could not take place while Iran was being subjected to Israel's 'barbarous' attacks. Gas field attack In the first apparent attack to hit Iran's energy infrastructure, Tasnim news agency said Iran partially suspended production at South Pars, the world's biggest gas field, after an Israeli strike caused a fire there on Saturday. The South Pars field, offshore in Iran's southern Bushehr province, is the source of most of the gas produced in Iran. Fears about potential disruption to the region's oil exports had already driven up oil prices 9% on Friday even though Israel spared Iran's oil and gas on the first day of its attacks. An Iranian general, Esmail Kosari, said on Saturday that Tehran was reviewing whether to close the Strait of Hormuz controlling access to the Gulf for tankers. With Israel saying its operation could last weeks, and Netanyahu urging Iran's people to rise up against their Islamic clerical rulers, fears have grown of a regional conflagration dragging in outside powers. Tehran has warned Israel's allies that their military bases in the region would come under fire too if they helped shoot down Iranian missiles. However, 20 months of war in Gaza and a conflict in Lebanon last year have decimated Tehran's strongest regional proxies, Hamas in Gaza and Hezbollah in Lebanon, reducing its options for retaliation. Yemen's Houthis say they targeted Israel with ballistic missiles in coordination with Iran Israel sees Iran's nuclear programme as a threat to its existence, and said the bombardment was designed to avert the last steps to production of a nuclear weapon. Tehran insists the programme is entirely civilian and that it does not seek an atomic bomb. The U.N. nuclear watchdog, however, reported Iran this week as violating obligations under the global non-proliferation treaty.

Yemen's Houthis say they targeted Israel with ballistic missiles in coordination with Iran
Yemen's Houthis say they targeted Israel with ballistic missiles in coordination with Iran

Business Recorder

time5 hours ago

  • Business Recorder

Yemen's Houthis say they targeted Israel with ballistic missiles in coordination with Iran

CAIRO: Yemen's Iran-aligned Houthis said on Sunday that they targeted central Israel's Jaffa with several ballistic missiles in the last 24 hours in coordination with Iran, as Israel and Iran continued to exchange missile attacks. Israel and Iran strike at each other in new wave of attacks The group has been launching attacks against Israel, most of which have been intercepted, in what they say is support for Palestinians in Gaza during the Israel-Hamas war there.

Lawmakers demand tax relief for masses
Lawmakers demand tax relief for masses

Express Tribune

time6 hours ago

  • Express Tribune

Lawmakers demand tax relief for masses

On June 10, Finance Minister Miftah Ismail had announced an income tax relief of Rs47 billion for the salaried class. PHOTO: FILE Listen to article Lawmakers in the National Assembly on Saturday delivered a detailed and constructive review of the federal budget for FY2025-26 and called for providing more relief to the common man. While participating in the general discussion on the budget, Defence Minister Khawaja Asif said Pakistan suffered huge losses due to tax evasion, especially in sectors like tobacco, real estate, steel, and tyres. "We lose around Rs300 billion annually in tobacco taxes alone." He acknowledged that the Federal Board of Revenue (FBR) has made some improvements, but much more needs to be done. "If we can just improve our tax collection by 50%, we wouldn't need foreign loans," he noted. He demanded accountability and urged the finance ministry and the FBR to brief parliament on the large-scale tax evasion and the people behind it. "We need honesty in governance. Only then can we provide real relief to the people," he said. He gave the example of how public shops in Punjab are rented for very low rates, while private shops in the same area earn ten times more. "This has continued for decades without accountability," he pointed out. He called for a national campaign to end corruption, particularly in sectors dominated by a few corrupt families. Asif praised Finance Minister Muhammad Aurangzeb, calling him a professional and experienced person. He credited him for bringing back international trust in Pakistan's economy. He shared encouraging economic data: GDP growth improved from -0.2% to +2.7%, inflation dropped to 4.6%, and the current account posted a $1.2 billion surplus. foreign investment rose by 20%. He admitted that the public may still be feeling economic pressure but said positive changes are happening. "The business community is showing more confidence, and the stock market recently hit a historic 125,000-point high," he said. He criticized those who now attack the government's economic policy but had once urged the IMF not to support Pakistan. "These people tried to sabotage our economy," he said. "Pakistan is not about any one person. It is a mission, a belief, and a shared history," he added. He urged political leaders to rise above personal ambitions and serve the nation with sincerity. PPP senior leader Mirza Ikhtiar Baig emphasised the pivotal role of the industry, agriculture and services sector in driving long-term economic stability. Acknowledging the ongoing economic challenges, he said the government's push toward reforms, though modest GDP growth of 2.6% continues to be overshadowed by inflation, population pressure and mounting national debt. He raised concern over pension reforms, particularly the withdrawal of posthumous benefits for pensioners' children after 10 years, warning this could create financial distress for many families. The lawmaker also cautioned against harsh tax enforcement measures, such as granting arrest powers to income tax officers, which he said could dampen business confidence. However, he welcomed incentives in the construction and property sectors, including the reduction in withholding tax on property transactions from 4% to 2.5%, elimination of federal excise duty on commercial property transfers and reduction of stamp duty in Islamabad from 4% to 1% — measures expected to boost real estate activity. He also supported the increased defense budget, recognizing the valor and international standing of Pakistan's armed forces, particularly in light of recent hostilities. Mirza Ikhtiar praised the record-breaking $38 billion in remittances sent by overseas Pakistanis and called for an export-led growth model, especially through sectors like IT and rice. PTI legislator Asad Qaiser urged the government to revisit its decision to impose new taxes in the erstwhile FATA region, emphasising the area's sacrifices in the war on terror. Qaiser warned that further burdens could hinder socio-economic rehabilitation. He also highlighted issues of power outages and damage to household appliances in Khyber Pakhtunkhwa due to erratic electricity supply, urging greater PSDP allocations for the province. Qaiser raised alarms about the tobacco sector, noting the lack of a fixed minimum support price, which is driving companies out of K-P. He called for urgent government intervention to protect farmers. Senior MQM leader Dr. Farooq Sattar hailed the armed forces for their resilience during recent Pakistan-India tensions, crediting divine help and national unity under Field Marshal General Asim Munir. He appreciated relief measures for salaried classes in the budget but warned that the middle class continues to bear a disproportionate tax burden. Farooq Sattar urged reforms to reduce electricity and gas tariffs and proposed a national economic dialogue to adopt a unified "Charter of Economy." He stressed the importance of taxing agricultural income through provincial consensus under Article 177 to improve Pakistan's fiscal credibility with international lenders. Condemning Israeli aggression, he reaffirmed solidarity with Iran amid recent tensions. PPP stalwart Syed Naveed Qamar took a strategic view, asserting that the federal budget must not be limited to a balance sheet but should reflect a coherent economic vision. He stressed that budgetary allocations must align with policy goals rather than serve as mere political optics. Naveed Qamar criticized the neglect of agriculture, especially in terms of food security and misdirected subsidies that favor foreign producers over domestic farmers. He lamented that serious economic reformers are often sidelined while superficial narratives dominate policymaking. Naveed Qamar criticized Pakistan's reliance on international lenders and the failure to promote domestic exports, particularly in the cotton sector. The fertilizer subsidies and price controls, he argued, have hurt small farmers while benefiting powerful industrial lobbies. Naveed Qamar has called for the adoption of a clear, flexible, and consistent economic policy in anticipation of potential global oil price hikes, warning that the country cannot afford to remain tethered to outdated and reactive financial planning models. He cautioned that international oil price fluctuations pose direct risks to Pakistan's fiscal strategy, inflation targets, and energy affordability. He criticized the government for preparing budgets based on optimistic oil price assumptions without accounting for geopolitical volatility. "In recent years, our budgets were framed based on declining global oil prices. But if the situation in the Middle East worsens and prices suddenly spike, do we have an alternative strategy in place?" he asked, urging the finance ministry to explain whether price increases would be passed on to consumers or absorbed through subsidies. He stressed that such vital economic variables demand transparency and contingency planning. "There must be clarity. If the benchmark price increases by 20%, what is the fallback? Ad hocism will not take us forward." Naveed Qamar underlined the need for economic policies that transcend partisan agendas and prioritize institutional coherence. "We hear at the Prime Minister's level about the need for policy consistency. But if decisions continue to be made in silos, without coordination, instability will persist." He also urged serious consultation among political leadership, bureaucratic institutions, and the business community, warning against policy capture by a select few. "It's unacceptable that one individual travels abroad and makes decisions on the nation's behalf, while key institutions remain unaware. Responsible policymaking requires collective ownership." He criticized the enduring influence of those who, he alleged, negotiated economically detrimental deals in past decades, leading to chronic dependence on external actors. "The same people who committed the country 30 years ago are still writing our policies. If we want sovereignty, we must abandon these recurring policy patterns." He stressed the need for a forward-looking, sovereign, and inclusive economic framework — one that replaces reaction with resilience. "We must move beyond fire-fighting. Only with vision, transparency, and consensus can we break the cycle of economic instability." Taking part in the debate, MNA Zartaj Gul stressed the need for increased budgetary allocations for women empowerment, calling it vital for the uplift of a key segment of society. She also warned of the grave threat posed by climate change and called for greater resources to mitigate its impact. Stressing the importance of regional equality, she urged a fair share of development funds for the Saraiki belt, noting its population is comparable to other provinces. Haji Jamal Shah Kakar lauded Prime Minister Muhammad Shehbaz Sharif for earmarking Rs 250 billion for Balochistan, terming it a long-overdue recognition of the province's importance. He welcomed allocations for infrastructure and highways but stressed the need for transparency and proposed the formation of a monitoring committee to ensure efficient fund utilization. PPP MNA Syeda Shehla Raza condemned the Israeli aggression against Iranian civilians, calling for global accountability. She criticized the federal budget for raising taxes and imposing a carbon levy while neglecting Karachi—the country's economic hub. Opposing a new Danish university in Islamabad, she argued that existing institutions remain underfunded. She also highlighted the decline in oil and gas output, despite discoveries in Khairpur, and advocated urgent reforms. On a positive note, she welcomed the Reko Diq project, saying it could contribute 1% to Pakistan's GDP next year. Iqbal Afridi raised serious concerns regarding the rehabilitation of the merged districts (former FATA), urging the government to expedite the reconstruction of destroyed homes and ensure the return of displaced populations. He also demanded the withdrawal of newly imposed taxes in tribal areas and criticized delays in releasing development funds. Asia Naz Tanoli commended Prime Minister Shehbaz Sharif for enhancing Pakistan's international image and improving the value of the green passport. She described the budget as balanced and people-centric, acknowledging the difficult decisions taken to pursue economic reform and national security. PPP's Sharmila Faruqui pointed out that nearly 70% of the national budget is consumed by debt servicing, leaving limited space for development. Citing Khawaja Asif's statement, she revealed that Rs 5.8 trillion was lost last year due to tax loopholes, subsidies, and concessions. She called for comprehensive tax reforms to ease the burden on the salaried and middle-income classes. MQM-P MNA Sofia Saeed Shah noted that although Rs 3.2 billion has been allocated for the KV-4 water project in Karachi, the amount falls short of the rising costs. She recalled MQM's earlier proposal of Rs 30 billion for the project and questioned the government's claims of reducing electricity prices while increasing levies on fuel. SIC lawmaker Shahzada Muhammad Gushtasap Khan stressed the need to increase allocations for education and health. He praised KP's 100% free healthcare program, attributing its success to effective provincial policy. Syed Ali Qasim Gillani demanded more investment in higher education in South Punjab to improve access. Emphasizing agriculture as the backbone of the economy, he urged greater support for crop production. He welcomed increases in the budgets for the Benazir Income Support Programme (BISP) and the information technology sector. MNA Muhammad Aslam Ghuman condemned Israel's aggression, calling it the "world's biggest terrorist," and reaffirmed Pakistan's solidarity with Muslim nations. He advocated for more support for farmers to ensure food security. Moin Aamer Pirzada called for widening the tax base by expanding the filer network. He also urged a review of the decision to end pensions for deceased government employees, stressing the need for humane policy revisions. PPP lawmaker Nawabzada Mir Jamal Raisani highlighted the federal budget's role in setting the country's economic direction. While welcoming the government's target of 4.2% economic growth and the allocation of special allowances for the armed forces, he expressed disappointment over the lack of substantial allocations for Balochistan. However, he appreciated the establishment of four Daanish Schools in the province and called for vocational training institutes to empower local youth. MNA Sajid Khan demanded the establishment of a Danish School in the merged tribal areas and emphasized coordinated efforts between federal and provincial governments to maintain peace in the region. SIC legislator Umair Khan Niazi criticized the budget and urged the inclusion of more high-net-worth individuals in the tax net. He called for increased allocations for agriculture and concrete support for farmers. PPP's Salahuddin Junejo raised the long-standing issue of the Hyderabad-Sukkur Motorway project and urged the Prime Minister to reconsider its funding. He advocated a structured agricultural policy to improve productivity. Highlighting injustices in his constituency, he said locals were not benefiting from natural gas extracted from the region and demanded job and resource rights for local residents. Junejo also thanked the Prime Minister for dispatching Bilawal Bhutto Zardari on diplomatic missions, praising his effective representation of Pakistan on the global stage.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store