Instead of decreasing the amount spent on the luxuries of government officials, Pakistan has announced to further increase the burden of electricity consumers by adding 1% CPEC security surcharge.
The decision came after the meeting of Finance minister and Army chief Raheel Sharif.
According to media reports, CPEC a $46 bn worth mega project has threats from rival country India. Therefore, the government of Pakistan has formulated a counter strategy to face the challenges. Pakistan army has dedicated two special security divisions for the protection of CPEC workers and installments.
“The ECC approved a summary of the Ministry of Water and Power for issuance of a policy directive to Nepra [National Electric Power Regulatory Authority] to allow 1% of the capital cost (of the project) on account of [CPEC’s] security,” announced Finance Ministry Ishaq Dar at the ECC meeting.
The 1% extra tax paid by energy consumers will be used by the government for the security of chinese engineers working on CPEC [China-Pakistan Economic Corridor] projects.
“Providing security is our responsibility. They [Chinese] are working in our country,” said Defence Minister Khawaja Asif.
However, It is still unclear how much the government will generate after this new tax is imposed on water and electricity bills.