News Detail
Event Title: Senator Anusha Rehman Ahmad Khan presiding over a meeting of the Senate Standing Committee on Finance and Revenue at Parliament House Islamabad
Event Date: 2025-05-15
On Thursday, the Senate Standing Committee on Finance and Revenue chaired under the Chairpersonship of Senator Anusha Rahman Ahmad Khan
Unanimously agreed with the the bill Captive Power Plants Levy Bill, 2025, as introduced in the Senate, with no recommendations.
Secretary Petroleum Momin Agha briefed the committee on the bill, stating that its purpose is to reduce the burden of capacity utilization and ultimately lower electricity prices for the general public. He informed the committee that a 5% levy was immediately imposed after the issuance of the ordinance, with the rate set to increase to 10% from July 2025, 15% in February 2026, and 20% in August 2026.
It was briefed that the objective of the bill is to increase the demand for electricity, utilization of excess unused capacity and to avoid pressure on power sector liquidity eventually encouraging the transition of gas / RLNG based industry (captive power) to the power grid. The collection of levy will be utilized to lower the tariff for the power consumers
The bill was introduced echoing the sentiment, highlighting the Prime Minister’s promise to reduce electricity costs.
Ultimately, the committee unanimously agreed with the Captive Power Plants Levy Bill 2025.
The meeting was attended by, Senator Munzoor Ahmed and Senator Muhammad Abdul Qadir. Senator Mohsin Aziz also virtually attended the meeting, alongside other representatives of attached departments.