Archive · Business Recorder
Power subsidy ending
EDITORIAL: Finally, the government has planned to end the slab-based electricity subsidy in the power sector. This space has argued for years that these distortions in the power sector need to be removed. Now, the government is finally moving in that direction, perhaps under IMF pressure. The decision is right, but it has come a little too late. Historically, over the past few decades, power sector subsidies have been grossly abused. The cross-subsidy mechanism places the burden on consumers in higher slabs, including domestic consumers, the commercial segment, and the industrial sector. The b...
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