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Another 'electric shock' in the offing as CPPA seeks Rs7/unit hike in electricity tariff

12:04 PM | 20 Feb, 2024
Another 'electric shock' in the offing as CPPA seeks Rs7/unit hike in electricity tariff
Source: File Photo

KARACHI – There is no respite for Inflationary Pakistanis who are bearing brunt of record inflation, and now the Central Power Purchasing Agency (CPPA) approached the national power regulator for further increase in power tariff.

On Tuesday, Central Power Purchasing Agency (CPPA) filed an application with NEPRA, seeking approval for 7.13 per unit hike in electricity price, citing monthly fuel adjustment for January 2024.

If approved, the new hike will further burden masses by over Rs67 billion. The hearing on the CPPA’s request is scheduled for February 23 2024.

Earlier in Feb 2024, the national power regulator announced a hike in the cost of electricity by Rs4.5 per unit. The recent application from CPPA suggests another potential increase in electricity prices, adding woes to the financial challenges faced by consumers.

The outgoing government earlier jacked up price of petrol by Rs2.73 per litre and diesel by over Rs7 for the second half of Feb 2024. 

Daily Pakistan Global Web Desk


Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71


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