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Electricity bills: Pakistan to provide relief to ‘consumers using up to 300 units in October’

09:42 AM | 4 Sep, 2023
Electricity bills: Pakistan to provide relief to ‘consumers using up to 300 units in October’
Source: File Photo

ISLAMABAD – Thousands of Pakistanis took to the streets, and observed nationwide strikes over the weekend in the wake of huge increase in electricity bills, prompting the caretaker government to come up with strategy as the country is facing the worst economic crisis in recent times.

As masses are demanding caretakers to reverse the additional charges that have made electricity almost unaffordable, the interim government has reportedly decided to provide relief to power consumers, using up to 300 units in October’s bills.

Media reports suggest that consumers – whose electricity bills are up to Rs70,000 – will get relief of around Rs13,000, which equates to nearly 20 percent.

The government is chalking out a strategy to calm down charged people, Kakar led cabinet is in talks with International Monetary Fund (IMF) and the matter of providing relief to the power consumers is being discussed in detail as earlier the global lender turned down a proposal of any subsidies.

IMF reportedly sought more data from Pakistani officials and the final decision will be made in the coming days.

Last week, interim Finance Minister Shamshad Akhtar held virtual talks with IMF’s Resident Representative for Pakistan Esther Perez Ruiz and the latter asked for a written plan from the interim government for electricity bill collection and relief measures.

It was reported that the government got no directives from the IMF to reduce the price of electricity, and it is likely that bills will be collected in installments.

Meanwhile, nationwide protests and shutterdown strikes continued unabated as people are burning bills, and calls for civil disobedience gained traction.

People also blocked key arteries across the country, demanding the government to revise the taxes.

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Rupee loses ground against US dollar, Euro, Pound and other currencies; Check forex rates here

Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.

Dollar Rate in Pakistan Today

On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.

Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.

UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 28 November 2022

Currency Symbol Buying Selling
US Dollar ‎USD 285.1 288.15
Euro EUR 312 315
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 78 78.75
Saudi Riyal SAR 76.25 77
Australian Dollar AUD 186 187.5
Bahrain Dinar BHD 759 767
Canadian Dollar CAD 208 210
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.88 42.28
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 916.38 925.38
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 210 212
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 323.37 325.87
Thai Bhat THB 8 8.04

Gold price in Pakistan moves up amid positive global cues; Check today gold price here

KARACHI – Gold continues to move upward in local market amid surge in international rates.

Gold Rates in Pakistan Today - 28 November 2023

On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.

Globally, yellow metal went up by $12 to settle at $2,015 per ounce.

Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,600
Karachi PKR 217,600 PKR 2,600
Islamabad PKR 217,600 PKR 2,600
Peshawar PKR 217,600 PKR 2,600
Quetta PKR 217,600 PKR 2,600
Sialkot PKR 217,600 PKR 2,600
Attock PKR 217,600 PKR 2,600
Gujranwala PKR 217,600 PKR 2,600
Jehlum PKR 217,600 PKR 2,600
Multan PKR 217,600 PKR 2,600
Bahawalpur PKR 217,600 PKR 2,600
Gujrat PKR 217,600 PKR 2,600
Nawabshah PKR 217,600 PKR 2,600
Chakwal PKR 217,600 PKR 2,600
Hyderabad PKR 217,600 PKR 2,600
Nowshehra PKR 217,600 PKR 2,600
Sargodha PKR 217,600 PKR 2,600
Faisalabad PKR 217,600 PKR 2,600
Mirpur PKR 217,600 PKR 2,600

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