Increase in TV and Radio Fee – to be included Within Electricity Bills

On July 20, 2023, a significant decision by the government came to light during a meeting of the Standing Committee on Finance and Revenue at the Parliament House, chaired by Senator Saleem Mandviwala. The committee members were apprised of the government’s plan to introduce radio fees alongside existing television charges in electricity bills.

Finance Ministry officials presented a briefing to the committee, outlining the new fee structure. According to the plan, a flat fee of Rs. 50 will be added to consumer bills, and this change will take effect immediately. The Ministry of Information and Broadcasting has already prepared a summary to enforce the implementation of Rs. 35 PTV charges and Rs. 15 radio fees starting from July onwards.

The decision to include both TV and radio fees in electricity bills is a measure aimed at generating additional revenue streams for the government and supporting the country’s media sector. This move aligns with recent recommendations from the Senate Committee of Finance and Revenue, prompting the Ministry of Finance to fast-track the necessary procedures and approvals for its implementation.

In another important update, the apex committee received information regarding the allocation of funds for various social welfare initiatives. An impressive amount of Rs. 35 billion has been earmarked for providing subsidized food items at Utility Stores, a measure aimed at easing the burden on low-income individuals and families. Additionally, out of this total amount, Rs. 5 billion has been specifically allocated for the Prime Minister’s Ramazan Relief Package, which seeks to provide essential commodities at reduced prices during the holy month of Ramadan.

Shifting focus to the IT sector, the Ministry of Finance officials highlighted the latest incentives aimed at promoting technological advancement in the country. A substantial budget of Rs. 10 billion has been allocated for the Prime Minister’s laptop scheme, an initiative that seeks to equip students with laptops to enhance their access to information and educational resources.

Furthermore, to boost the country’s exports and encourage the growth of tech companies, the government has granted permission for tech firms to retain 25 percent of their export earnings. This move aims to incentivize technology-oriented businesses and stimulate economic growth in the digital sector.

These recent decisions by the government reflect its efforts to strike a balance between generating revenue, addressing social welfare needs, and fostering innovation in critical sectors like media and technology. By diversifying income sources, supporting the underprivileged, and promoting advancements in technology, the government aims to foster economic development and overall progress in Pakistan. As these measures take effect, their impact on the nation’s economic landscape will be closely monitored and evaluated.