ISLAMABAD – Weeks after protests over high electricity charges across Pakistan, there is no respite in sight for electricity consumers as Discos decided to take out nearly Rs25 billion more from people, who are paying record food and fuel prices amid economic meltdown.
As people are paying over Rs50 per unit, Nepra is expected to give a nod to another surge in electricity tariff as former Water and Power Development Authority (Wapda) distribution companies (XWDiscos) moved to charge an additional amount in October.
Media reports suggest that the Central Power Purchasing Agency (CPPA) approached Nepra for a hike, and a public hearing is set to be slated on September 23 to review the petition.
CPPA, on behalf of XWDiscos, maintained that consumers paid a reference fuel cost of Rs6.64 per unit, whereas the actual fuel cost was Rs8.47 per unit. It said nearly 16,000 gigawatt-hours (GWh) of electricity was generated in August this year, with an associated cost of Rs131.91 billion, and transmission losses stood at 2.87 percent.
It added that 7.6pc of electricity was generated through gas, over 17pc through imported LNG, around 10pc from coal, 4.5pc from imported coal, and 12.79pc from nuclear fuel.
People in crisis-hit Pakistan are facing the worst economic situation in recent years, while the country witnessed large-scale protests against inflated electricity bills and heavy taxes earlier this month.
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|