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USAID helps Pakistan digitise its energy sector

09:01 PM | 9 Mar, 2021
usaid pakistan

LAHORE – The United States Mission to Pakistan today officially handed over an innovative new metering system to the Government of Pakistan to help network and market operators better manage the national power grid.

The Secure Metering System (SMS), developed by the US Agency for International Development (USAID), improves Pakistan’s National Transmission and Despatch Company’s (NTDC) ability to forecast power requirements across the country.

It empowers Pakistan’s Central Power Purchasing Agency, Guarantee Ltd. (CPPA-G), to set up an efficient, transparent, and trustworthy billing system for private investors.

Eventually, this will also enable the Government of Pakistan to purchase electricity at competitive rates from private companies and sell it to consumers at affordable rates.

“The launch of this system is an important milestone for the NTDC and the CPPA-G,” said USAID Mission Director Julie Koenen.

“This initiative facilitates the digitalization of Pakistan’s power sector and will help the government achieve its vision to start a wholesale electricity market, which will help reduce electricity prices for consumers, and provide incentives for businesses and industry to expand their operations”, she added.

“NTDC is committed to improving its operations, and SMS will take our forecasting, data collection, and power management operations to the next level,” said NDTC Managing Director Dr. Khawaja Riffat Hassan.

In addition to the hand-over, the event also featured a graduation ceremony for 21 energy professionals of CPPA-G and NTDC who successfully progressed from basic to advanced training.

The handover ceremony was organized by USAID’s Sustainable Energy for Pakistan (SEP) Project, a four-year technical assistance initiative.

Through SEP, USAID is supporting the Pakistani government’s efforts to deliver financially sustainable energy services to the people of Pakistan.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 20 Feb 2024

Pakistani currency remained largely stable against US dollar and other currencies in the open market on February 20, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.05 for buying and 282.1 for selling.

On Tuesday, Euro stands at 301 for buying and 304 for selling while British Pound rate stands at 352.4 for buying, and 355.4 for selling.

UAE Dirham AED hovers at 76.55 whereas the Saudi Riyal saw slight increase, with new rates at 74.2.

Today’s currency exchange rates in Pakistan - 20 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.05 282.1
Euro EUR 301 304
UK Pound Sterling GBP 352.4 355.4
U.A.E Dirham AED 76.55 77.25
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 180 182
Bahrain Dinar BHD 743.12 751.12
Canadian Dollar CAD 206.5 208.5
China Yuan CNY 38.84 39.24
Danish Krone DKK 40.24 40.64
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.48 3.59
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 906.33 915.33
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 170.1 172.1
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.75 733.75
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 207
Swedish Korona SEK 26.85 27.15
Swiss Franc CHF 315.64 318.14
Thai Bhat THB 7.93 8.08

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