It was decided that KMC will charge the road cutting charges
on its 78 roads excluding the area of Gulistan-e-Jauhar.
Municipal Committee Chairman Syed Mehmood Shah said while addressing the session that new income generation sources have been identified by the civic body, including licence fees, advertisement fees, sanitation taxes, building fees, encroachment fines, nikkah registration fees, road cutting charges
and entertainment fees, subject to approval from the district government.
The regulators proposed cutting charges
by a quarter to encourage the market and help fund economic growth.
Experts say cutting charges
in line with wholesale prices would have saved households an average PS89.
The Department for Business Innova-tioand Skills said last week it was cutting charges
for businesses to access its scheme from two per cent to one per cent to enable more firms to take up the initiative.
A string of lenders have just trimmed rates with the Nationwide cutting charges
by up to 0.2 per cent from tomorrow.
This week, Scottish Power stepped up the competition by cutting charges
on this tariff, so an average household on dual fuel would pay pounds 1,094 per year.