Page 2 - Financing Cost News Today

July 14, 2021 ISLAMABAD: In line with the understanding reached with the IMF, the government is trying to have powers to impose more surcharges in the consumers tariff not only to fund future projects of paramount importance but also meet financial obligations of the government in the power sector. The consumers will also pay the principal amount of loans apart from debt servicing in the shape of surcharges with an aim to settle the circular debt that has hiked to Rs2.4 trillion. And more impo...

Inflated bills May 2, 2021 The recent electricity bill that I have received from the Multan Electric Power Company (Mepco) is laced with multiple taxes. the first component of an electricity bill is the amount charged against the number of units consumed, which is fine. Then, there are a number of taxes including fuel price adjustment (FPA) tax, Financing Cost (FC) surcharge, electricity duty, TV fee, 17 percent GST, Neelum-Jhelum surcharge, GST on FPA, electricity duty (ED) on FPA, and the F...