FAISALABAD: The Faisalabad Electric Power Supply Company (FESCO) has recently banned installment payments for electricity bills, citing revenue collection issues.
This move aims to prevent shortfalls, as the previous installment facility was impacting FESCO’s revenue. Before the ban, customers who struggled to pay their electricity bills in one go could visit FESCO offices to opt for two or three installment options.
However, this flexibility came with a cost, affecting FESCO’s financial stability. In related news, the National Electric Power Regulatory Authority (NEPRA) has introduced a new surcharge policy for overdue bills.
Under this policy, a 5% surcharge will be applied to payments made within three days past the due date, while a 10% surcharge will be enforced for payments made after three days.
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…
ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…
ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…
RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…
LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…
ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…