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Another ‘shock’ awaits Pakistanis as electricity tariff likely to go up again

12:55 PM | 20 Oct, 2023
Another ‘shock’ awaits Pakistanis as electricity tariff likely to go up again
Source: File Photo

ISLAMABAD – Despite staggering increase in base uniform national tariff, there appears to be no respite in sight for Pakistanis as Central Power Purchasing Agency (CPPA) approached NEPRA to raise power tariff.

Reports in local media said Central Power Purchasing Agency (CPPA) approached National Electric Power Regulatory Authority (NEPRA) to raise electricity tariff by 55 paisas per unit.

NEPRA will take the application on November 1 as CPPA sought hike for month of September under monthly fuel adjustment.

Central Power Purchasing Agency maintained that in September 12.92 billion electric units were produced at the cost of Rs7.61 per unit, while the reference cost was fixed at Rs7.7 per unit.

Last month, hydel sources produced near 37.55 percent of electricity, 11.08 percent was made from local coal and only less than 5 percent comes from imported coal.

Earlier, huge protests erupted in multiple cities in which people initiated large-scale protests against inflated electricity bills and heavy taxes, with major demonstrations being held in the country.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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