National Electric Power Regulatory Authority (NEPRA) on Monday reduced the electricity tariff by 47 paisas per unit.
The reduction in power tariff will apply on next month’s bills. Prime Minister Nawaz Sharif has welcomed the NEPRA’s decision to cut down the electricity tariff by Rs 0.47 on the details submitted by the ministry of water and power in lieu of monthly fuel price adjustment for the month of October 2014.
On the directions of prime minister, the ministry of water and power submitted details of fuel mix for slashing the tariff for the consumers and is following strict merit order for ensuring efficient fuel mix for lowering down the cost of electricity generation.
The government is also making connected efforts to change the energy mix from thermal to other affordable sources including coal and hydro generation to bring down the cost of electricity production.
The prime minister said that practical step taken by the government were showing results and its benefits were cascading to the masses. He expressed the hope that further reduction in the oil prices next month would bring considerable solace to the masses at large. The government was committed to provide this relief in the coming months as well, he resolved.
The prime minister further observed that the provincial government must also take practical step to ensure relief to the public in lieu of continuing decline in the oil prices in the country.
or pub|�fn8 �% nagement. Public sector accounting was critical to the growth of economy, he added.
The highlight of the inaugural session was the signing of MOU between CIPFA and the Institute of Chartered Accountants of Pakistan (ICAP) to promote the accounting profession in the country and work together on avenues of mutual benefit.
Speaking on the occasion, ICAP President Yacoob Suttar said: “ICAP is fully cognizant of the need for good governance and importance of effective public financial management in government departments and public sector entities.”
