TESCO pays Rs3.4 billion tax to FBR


ISLAMABAD, May 16 (APP):Tribal Areas Electricity Supply Company (TESCO) paid an amount of Rs3.4 billion to Federal Board of Revenue (FBR) without collecting any tax from domestic and commercial consumers.

TESCO, Chief Executive Officer, Shafiq ul Hassan while talking to APP on Thursday said government was committed to provide relief to the people of Tribal Areas therefore domestic consumers were not billed at all while industries got electricity supply with tax exemption.

He said TESCO paid the tax for the period of April 2013 to March 2019 despite the fact that Tribal Areas had exemption from tax.

“Accounts of TESCO were freezed in year 2013, 2015 and 2016 due to which tax amount had to be paid”, he added.

He informed that Statutory Regulatory Orders 1212(I)/2018 and 1213(I)/2018 gave exemption from federal taxes to erstwhile Federally Administered Tribal Areas and Provincially Administered Tribal Areas.

He further said electricity to domestic users was provided from the government subsidy that was given for providing relief to the people of Tribal Areas, however, with available amount and resources electricity could not be provided round the clock.

He informed that TESCO was ensuring supply of electricity to the consumers with the quota of 360 mega watt for sehr, 360 mega watt for iftar and 160 mega watt during the day.

The quota was fixed by regional control center working under National Transmission and Despatch Company, he added.

He said industries receive electricity throughout the day while domestic consumers get a supply of 10 hours approximately.