ISLAMABAD – The federal government has imposed additional burden of Rs128 billion on electricity consumers in a bid to revive the IMF loan programme stalled since last year.
A surcharge of Rs76 billion will be collected from power consumers to meet a conditions of the IMF, while Rs52 billion will be charged in the wake of deferred payments.
The Ministry of power has approved a decision of the Nation Regulatory Power Authority (Nepra) to impose an additional surcharge of Rs3.39 per unit on power customers. The additional amount will be collected on bills from March to June. Currently, electricity consumers are paying a surcharge of 43 paisas per unit.
The surcharge will also be applicable to the K-Electric customers, said the notification issued by the ministry.
Meanwhile, the Nepra has issued a notification to Rs14.24 per unit from consumers in eight months in wake of the deferred payments. The consumers of K-Electric will bear the burden of Rs9.90 per unit.
Those consuming up to 200 units of electricity will be charged from 89 paisas Rs2, while those utilising up to 300 units will be charged 89 paisas to Rs2.75 per unit.
Separately, Nepra has increased the cost of electricity for the consumers of Karachi by Rs71 paisas per unit under fuel adjustment charges for January. The additional charges will be collected in the bills for March. For the rest of the country, electricity rate has been hiked by 48 paisas per unit in wake of the fuel adjustment for January.
Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.2 | 280.3 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.25 | 75.95 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 739.63 | 747.63 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 40.45 | 40.85 |
Hong Kong Dollar | HKD | 35.57 | 35.92 |
Indian Rupee | INR | 3.32 | 3.43 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.26 | 912.91 |
Malaysian Ringgit | MYR | 58.24 | 59.52 |
New Zealand Dollar | NZD | 164.75 | 169.63 |
Norwegians Krone | NOK | 25.42 | 25.68 |
Omani Riyal | OMR | 722.1 | 730.1 |
Qatari Riyal | QAR | 76.37 | 77.05 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 307.11 | 309.61 |
Thai Bhat | THB | 7.56 | 7.76 |
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