ADVERTISEMENT
Friday, July 11, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Power, electricity theft has gained new proportions: IC

News Desk by News Desk
April 8, 2019
electricity theft
Share on FacebookShare on Twitter
Advertisements

ISLAMABAD – Islamabad Chamber of Small Traders (ICST) on Sunday said masses should not be punished for mismanagement in the energy sector.

The government should introduce reforms in the power and gas sectors so that expenses can be reduced and relief could be provided to the masses, it said.

Advertisements

The energy sector is going down steadily since last three decades damaging masses and the economy which should be noticed, said Patron ICST Shahid Rasheed Butt.

He said that losses and theft of electricity have jumped from one billion rupees daily to two billion while the losses in the gas sector have jumped to Rs50 billion which cannot be ignored.

Shahid Rasheed Butt said that 26 percent of the electricity production is lost to mismanagement and theft which has pushed circular debt beyond Rs 1.5 trillion dragging down masses, industry, and agriculture.

The government has burdened masses by tens of billions of rupees in the first weak of April by increasing prices of electricity, petrol and LNG which is unjustified which is to hit the economy, he observed.

He said that gas distribution companies are getting forty percent premium on sale of gas but still showing losses to milk masses which merits a probe.

The country will need fifty billion dollars for import of energy in the next eleven years which will be more than current exports and remittances hence difficult to manage, therefore, reforms in the energy sector should not be delayed otherwise oil import bill will be enough to sink the economy.

Advertisements
Tags: electricity theftPower
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Senator Sarmad Ali, President of the All Pakistan Newspapers Society (APNS), along with APNS Islamabad
Business

Senator Sarmad Ali, President of the All Pakistan Newspapers Society (APNS), along with APNS Islamabad

July 10, 2025
UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025
Headline

UAE Dirham Strengthens to PKR 77.47 – July 10, 2025 Exchange Rate Update

July 10, 2025
Jazz invests PKR 37b to support growing data demand, strengthen digital ecosystem.
Headline

PKR Slightly Weakens Against US Dollar – Exchange Rate Update for July 10, 2025

July 10, 2025
Murder Allegations Emerge in Humaira Asghar Case Amid Ongoing Investigation
Headline

Murder Allegations Emerge in Humaira Asghar Case Amid Ongoing Investigation

July 10, 2025
NADRA to introduce self-service Kiosks for CNICs renewal in THIS city
Headline

NADRA Updates FRC Regulations and Fees – July 2025

July 10, 2025
MQM Founder Altaf Hussain Hospitalized in London Amid Serious Health Concerns
Headline

MQM Founder Altaf Hussain Hospitalized in London Amid Serious Health Concerns

July 10, 2025
Pakistan, Vietnam Set Sights on Stronger Trade Partnership
Business

Pakistan, Vietnam Set Sights on Stronger Trade Partnership

July 10, 2025
Hashoo Foundation Empowers Youth Changemakers: Social Enterprises incubated at the Social Lab Shine at National Pitch Fest Backed by EU, UNODC, and NACTA
Business

Hashoo Foundation Empowers Youth Changemakers: Social Enterprises incubated at the Social Lab Shine at National Pitch Fest Backed by EU, UNODC, and NACTA

July 10, 2025
SBP Hosts event on “Digital Banks – A New Era in Pakistan”
BANKING

Pakistan’s Liquid Foreign Reserves Position

July 10, 2025
Government’s Economic Decisions are Anti-People: Dr. Azhar Aslam
Headline

Government’s Economic Decisions are Anti-People: Dr. Azhar Aslam

July 10, 2025
Next Post
The Pakistan Economy Watch

Govt economic decisions contradicting its agenda : Pakistan Economy Watch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Miss England semi-final winner Melissa Rauf made history

Improving Pakistan’s Response to Gender-Based Violence – A discussion on implementation of the Anti-Rape Act 2021.

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

Must Read

Sports for Climate
Headline

Students and prominent sports personalities join U.S. Consulate in beach Clean-Up to mark the culmination of “Sports for Climate” campaign.

May 21, 2022
I can’t walk, but I can sing: Ayesha Khan composed a Poem on the current situation
Headline

I can’t walk, but I can sing: Ayesha Khan composed a Poem on the current situation

March 31, 2020
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.