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Saw a mysterious rise in electricity bills? The Govt was secretly collecting '200 billion' for its own failures

02:53 PM | 17 Aug, 2016
Saw a mysterious rise in electricity bills? The Govt was secretly collecting '200 billion' for its own failures
ISLAMABAD (Web Desk) - To bolster the fragile economy of the country, the federal government has secretly minted as much as Rs 200 billion from the electricity consumers across the country and so a rise in your electricity bill is not a mystery anymore.

After poor recovery of bills in the previous three years, electricity consumers were secretly burdened with various surcharges of around Rs200 billion during the 2015-16 fiscal period.

These secret taxes were named as tariff rationalisation surcharge (TRC), which include the burden of sector-wise inefficiencies on account of stunted bills and line losses.

Earlier, the consumers were given a subsidy in the name of  transmission and distribution losses (TDS) but it was taken off and consumers had to pay for the losses.

Insiders also claim that the money was amassed in order to bail out inefficient power firms in Sindh, Balochistan and Khyber-Pakhtunkhwa.

Mainly Gesco,Lesco,Iesco and Fesco customers were affected despite the fact that they fall in areas with minimum power loss and maximum recovery.

The ministry’s written reply in the National Assembly claims the government recovered 89.58% of its power dues in 2013 that increased to 94.54% in 2016 i.e. an increase of 5% or an extra recovery of Rs60 billion. Similarly, the ministry has also claimed of reducing technical losses by more than 1% or an additional collection of Rs15 billion.

On the other hand, experts claim that with the enhanced efficiency as claimed by the power ministry, there is no reason for levying the above-mentioned surcharges.

Haider Ali

The writer is a civil servant.

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Rupee loses ground against US dollar, Euro, Pound and other currencies; Check forex rates here

Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.

Dollar Rate in Pakistan Today

On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.

Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.

UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 28 November 2022

Currency Symbol Buying Selling
US Dollar ‎USD 285.1 288.15
Euro EUR 312 315
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 78 78.75
Saudi Riyal SAR 76.25 77
Australian Dollar AUD 186 187.5
Bahrain Dinar BHD 759 767
Canadian Dollar CAD 208 210
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.88 42.28
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 916.38 925.38
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 210 212
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 323.37 325.87
Thai Bhat THB 8 8.04

Gold price in Pakistan moves up amid positive global cues; Check today gold price here

KARACHI – Gold continues to move upward in local market amid surge in international rates.

Gold Rates in Pakistan Today - 28 November 2023

On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.

Globally, yellow metal went up by $12 to settle at $2,015 per ounce.

Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,600
Karachi PKR 217,600 PKR 2,600
Islamabad PKR 217,600 PKR 2,600
Peshawar PKR 217,600 PKR 2,600
Quetta PKR 217,600 PKR 2,600
Sialkot PKR 217,600 PKR 2,600
Attock PKR 217,600 PKR 2,600
Gujranwala PKR 217,600 PKR 2,600
Jehlum PKR 217,600 PKR 2,600
Multan PKR 217,600 PKR 2,600
Bahawalpur PKR 217,600 PKR 2,600
Gujrat PKR 217,600 PKR 2,600
Nawabshah PKR 217,600 PKR 2,600
Chakwal PKR 217,600 PKR 2,600
Hyderabad PKR 217,600 PKR 2,600
Nowshehra PKR 217,600 PKR 2,600
Sargodha PKR 217,600 PKR 2,600
Faisalabad PKR 217,600 PKR 2,600
Mirpur PKR 217,600 PKR 2,600

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