Punjab Chief Minister Maryam Nawaz has announced a relief initiative for electricity consumers using up to 200 units. Under this new program, the government will provide free solar panels based on electricity consumption.
This green energy plan was introduced in response to skyrocketing electricity bills due to new tariff slabs implemented on July 1.
The Punjab government will distribute free solar panels to consumers using up to 200 units. Additionally, it will offer interest-free loans to those using between 200 and 500 units, and a 75% contribution towards interest-free loans for consumers using more than 500 units.
During a ceremony, Chief Minister Maryam Nawaz expressed her empathy for residents burdened by rising electricity bills and assured that the government would make every possible effort to provide relief to the public.
Registration for the Punjab Solar Panel Scheme has begun. Upon registration, you will receive an SMS notification within a few days regarding your eligibility. If eligible, the solar system will be delivered to your home.
Pakistan has seen an unprecedented increase in the electricity tariff in the last couple of years. This week, the average basic electricity tariff was approved to be raised from Rs29.78 to Rs35.50.
In a report, the National Electronic Power Regulatory Authority (NEPRA) revealed that Pakistan's power sector caused a Rs403 billion loss in the Financial Year 2022-23.
Pakistani currency rates against US Dollar and other currencies on July 8, 2024 (Monday) in open market.
US dollar was being quoted at 277.65 for buying and 280.65 for selling on first working day of the week.
Euro's buying rate moves up to 294.3 and selling rate is 297.8 while British Pound rate is 350.5 for buying, and 353.5 for selling.
UAE Dirham AED was at 75.05 and Saudi Riyal increased to 73.40.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.65 | 280.65 |
Euro | EUR | 294.30 | 297.80 |
UK Pound Sterling | GBP | 350.50 | 353.50 |
U.A.E Dirham | AED | 75.05 | 75.85 |
Saudi Riyal | SAR | 73.40 | 74.20 |
Australian Dollar | AUD | 182.25 | 184.00 |
Bahrain Dinar | BHD | 740.12 | 748.12 |
Canadian Dollar | CAD | 202.90 | 204.90 |
China Yuan | CNY | 38.25 | 38.65 |
Danish Krone | DKK | 40.03 | 40.43 |
Hong Kong Dollar | HKD | 35.60 | 35.95 |
Indian Rupee | INR | 3.33 | 3.43 |
Japanese Yen | JPY | 1.90 | 1.98 |
Kuwaiti Dinar | KWD | 907.61 | 916.61 |
Malaysian Ringgit | MYR | 58.89 | 59.69 |
New Zealand Dollar | NZD | 169.24 | 171.24 |
Norwegians Krone | NOK | 26.04 | 26.34 |
Omani Riyal | OMR | 722.87 | 730.89 |
Qatari Riyal | QAR | 76.34 | 77.04 |
Singapore Dollar | SGD | 202.15 | 204.15 |
Swedish Korona | SEK | 26.40 | 26.70 |
Swiss Franc | CHF | 309.11 | 311.61 |
Thai Bhat | THB | 7.57 | 7.72 |
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