{"id":62688,"date":"2020-03-15T10:00:26","date_gmt":"2020-03-15T05:00:26","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62688"},"modified":"2020-03-13T17:41:30","modified_gmt":"2020-03-13T12:41:30","slug":"rising-electricity-rates-old-tariff-cost-wasa-faisalabad-pkr-851mn-annual-deficit-report","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rising-electricity-rates-old-tariff-cost-wasa-faisalabad-pkr-851mn-annual-deficit-report.html","title":{"rendered":"Rising electricity rates, old tariff cost WASA Faisalabad PKR 851mn in annual deficit: Report"},"content":{"rendered":"\n<p>Faisalabad: The Water and Sanitation Agency (WASA) Faisalabad continues to suffer an annual deficit of PKR 851.38 million due to rising electricity rates and a tariff summary delayed since 2006, a news source reported. As per the publication, WASA Faisalabad is an autonomous agency and makes its income from the minimal subsidy provided by the Punjab government. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/gujranwala-wasa-25-year-master-plan-details.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"WASA Gujranwala prepares 25-year master plan for sewerage system, water supply (opens in a new tab)\">WASA Gujranwala prepares 25-year master plan for sewerage system, water supply<\/a><\/p>\n\n\n\n<p>Reportedly, the agency utilises the said subsidy to pay for the increasing costs of maintenance and operation of water supply, electric bills, drainage and sewerage system, salaries, allowances, and pensions. However, its revenue cannot even pay the incurred electricity bills because the tariffs have not been updated since 2006.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/wasa-faisalabads-revenue-system-to-be-upgraded.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"WASA Faisalabad\u2019s revenue system to be upgraded (opens in a new tab)\">WASA Faisalabad\u2019s revenue system to be upgraded<\/a><\/p>\n\n\n\n<p>In the last three years, WASA improved its revenue recovery to PKR 1,138.69 million from 745.631 million, but still could not bridge the deficit because of the escalating electricity costs and an increasing number of pensions. While the <a href=\"https:\/\/www.zameen.com\/news\/turkish-company-wasa-join-hands-water-storage.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"WASA  (opens in a new tab)\">WASA <\/a>has discussed its financial troubles with the Punjab government, the provincial government has yet to approve a bailout package for the agency. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Faisalabad: The Water and Sanitation Agency (WASA) Faisalabad continues to suffer an annual deficit of PKR 851.38 million due to rising electricity rates and a tariff summary delayed since 2006, a news source reported. As per the publication, WASA Faisalabad is an autonomous agency and makes its income from the minimal subsidy provided by the Punjab government. Read: WASA Gujranwala prepares 25-year master plan for sewerage system, water supply Reportedly, the agency utilises the said subsidy to pay for the increasing costs of maintenance and operation of water supply, electric bills, drainage and sewerage system, salaries, allowances, and pensions. However, its revenue cannot even pay the incurred electricity bills because the tariffs have not been updated since 2006. Read: WASA Faisalabad\u2019s revenue system to be upgraded In the last three years, WASA improved its revenue recovery to PKR 1,138.69 million from 745.631 million, but still could not bridge the deficit because of the escalating electricity costs and an increasing number of pensions. While the WASA has discussed its financial troubles with the Punjab government, the provincial government has yet to approve a bailout package for the agency.<\/p>\n","protected":false},"author":76,"featured_media":62698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15020],"tags":[22890,22887,22880],"persona":[],"class_list":{"0":"post-62688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-social-developments","9":"tag-pensions","10":"tag-wasa-faisalabad","11":"tag-water-and-sanitation-agency-wasa","12":"cat-15012-id","13":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rising electricity rates WASA Faisalabad PKR 851mn - Zameen News<\/title>\n<meta name=\"description\" content=\"Faisalabad: The Water and Sanitation Agency (WASA) Faisalabad continues to suffer an annual deficit of PKR 851.38 million due to rising electricity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/rising-electricity-rates-old-tariff-cost-wasa-faisalabad-pkr-851mn-annual-deficit-report.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising electricity rates WASA Faisalabad PKR 851mn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Faisalabad: The Water and Sanitation Agency (WASA) Faisalabad continues to suffer an annual deficit of PKR 851.38 million due to rising electricity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rising-electricity-rates-old-tariff-cost-wasa-faisalabad-pkr-851mn-annual-deficit-report.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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