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Now you can get rewarded for reporting power theft in Faisalabad!

09:22 AM | 21 Sep, 2023
MARKETS Power theft campaign
Source: File Photo

LAHORE – Crackdown against electricity theft is underway across Pakistan and amid the ongoing operation, Faisalabad Electric Supply Company (FESCO) has announced a reward system for citizens who will provide information on electricity theft.

The electric supply company in the country’s third most populous city introduced the cash reward system in the best interest of the country, to increase revenue, and to curb loss and illegal activities.

It was reported that the decision to offer rewards was approved by the Board of Governors of FESCO.

Citizens who report incidents of electricity theft will get a reward equal to one percent of the total recovery amount. Meanwhile, the electric company’s enforcement teams will also be eligible for rewards for finding culprits.

FESCO officials assured that the identity of those reporting electricity theft remains not to be disclosed, ensuring the safety and privacy of the masses.

Hundreds of people have been arrested as crackdown against power theft intensifies country-wide. Pakistan sustains annual losses to the tune of Rs589 billion due to electricity theft and non-bill payments, and now enforcement measures would be taken in areas with over 60pc losses, which consists of 2,085 feeders.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
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 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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