close
Breaking news

A new line of argument has already come to dominate the public sphere: it’...read more The government has gone one step further to detect community spread of the coro...read more The government has issued an order to abolish the six allowances, including the...read more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected pe...read more SEOUL| South Korea’s unemployment rate was unchanged in April as the coronavi...read more Amid the outbreak of Corona pandemic in the country, Indian government has been...read more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated ...read more Corona infection in the country is taking a macabre form. So far, more than 74 ...read more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP Chi...read more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh cror...read more

Major Embarrassment for Pakistan PM : Imran Khan’s office may lose electricity over non-payment of bills

In a major embarrassment for Imran Khan, the electricity supply to the Pakistan Prime Minister’s Secretariat is likely to be snapped over non-payment of bills running into crores.

The Islamabad Electric Supply Company (IESCO) issued a notice in this regards on August 28, Khaleej Times said in a report on Thursday.

According to media reports, the Pakistan Prime Minister’s Secretariat currently owes over Rs 41 lakh to power company IESCO. Sources in the IESCO have claimed that the Secretariat has failed to pay the dues even though several reminder notices were sent.

“This is a recurrent problem with the Secretariat. We will cut off the power supply if dues are not paid,” an IESCO source was quoted as saying by news agency IANS.

Meanwhile, the annual fiscal deficit of Pakistan has reportedly risen to the highest in the last three decades at 8.9 per cent for the financial year 2018-19.

The fiscal deficit is a difference between revenues and expenditures of the federal government. The deficit increased to 8.9 per cent of Pakistan’s gross domestic product in the year that ended in June. The fiscal deficit was 6.6 per cent last year, reported Dawn.

In June 2019, the government had announced that it intends to keep the deficit at 7.1 per cent of GDP, whereas the target at the start of the year was 4.9 per cent.

The deficit amounts Pakistani rupee Rs 3.445 trillion, highest since 1979-80 as per the past Pakistan Economic Surveys. The figure which depicts the dire situation of Pakistan’s economy coincided with one-year completion of Imran Khan-led Pakistan Tehreek-e-Insaf government.

Imran Khan rose to power with the promise to improve the economic situation of the country. The government had last month also increased the price of petrol and diesel by Pakistan Rs 5.15 per litre and Rs 5.65 per litre, respectively.

Tags: , ,

Story Page

Download Our Mobile App