ISLAMABAD - Waseem Mukhtar, Special Secretary Cabinet Division, has been appointed as chairman of the National Electric Power Regulatory Authority (Nepra) for a period of four years.
The appointment of the Nepra chairman has received the federal cabinet's approval through circulation summary.
Interviews were conducted with 24 candidates by the selection committee, which was led by Federal Minister for Economic Affairs Division Sardar Ayaz Sadiq and included the Secretaries of Cabinet Division, Power Division, Additional Secretary of Cabinet Division, and Additional Secretary of Establishment Division as members. On Monday, August 7, the selection committee shortlisted three candidates, placing Wasim Mukhtar at the top, Abid Latif at second, and Rafique Ahmed Shaikh at third.
The prime minister received the list of three candidates and chose Waseem Mukhtar to lead Nepra.
Mukhtar has plenty of expertise in the electricity industry. During his tenure, which spanned four years and five months from February 2018 to June 2022, he continued to serve as an Additional Secretary in the Power Division. From June 2020 until April 2022, he held the position of Central Power Purchase Agency's (CPPA) Chief Executive Officer (CEO).
He served as managing director of PEPCO (Pakistan Electric Power Company) from July 2018 to February 2021, a period of two years and eight months.
He also served for one year and eight months as managing director of NEECA (National Energy Efficiency Conservation Agency) from April 2018 to November 2019.
Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Sunday.
On Sunday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.
Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.37||36.72|
|New Zealand Dollar||NZD||175.33||177.33|
Gold prices decreased in local markets in line with the trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs216,300, and 10 grams of 24k gold costs Rs185,450.
Single tola of 22 Karat Gold price costs Rs198,274, 21 karat rate per tola costs Rs189,263 and 18k gold rate is Rs162,225 for each tola.
In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Sunday.
|Lahore||PKR 216,300||PKR 2,486|
|Karachi||PKR 216,300||PKR 2,486|
|Islamabad||PKR 216,300||PKR 2,486|
|Peshawar||PKR 216,300||PKR 2,486|
|Quetta||PKR 216,300||PKR 2,486|
|Sialkot||PKR 216,300||PKR 2,486|
|Attock||PKR 216,300||PKR 2,486|
|Gujranwala||PKR 216,300||PKR 2,486|
|Jehlum||PKR 216,300||PKR 2,486|
|Multan||PKR 216,300||PKR 2,486|
|Bahawalpur||PKR 216,300||PKR 2,486|
|Gujrat||PKR 216,300||PKR 2,486|
|Nawabshah||PKR 216,300||PKR 2,486|
|Chakwal||PKR 216,300||PKR 2,486|
|Hyderabad||PKR 216,300||PKR 2,486|
|Nowshehra||PKR 216,300||PKR 2,486|
|Sargodha||PKR 216,300||PKR 2,486|
|Faisalabad||PKR 216,300||PKR 2,486|
|Mirpur||PKR 216,300||PKR 2,486|