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Free solar systems, interest-free loans announced for 'eligible' power consumers in Punjab

11:04 PM | 5 Jul, 2024
Free solar systems, interest-free loans announced for 'eligible' power consumers in Punjab
Source: File photo

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.

Punjab Solar System Scheme

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. 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 8 July 2024

Pakistani currency rates against US Dollar and other currencies on July 8, 2024 (Monday) in open market.

USD to PKR Rate Today

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 Rates Today

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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