Another shock for inflation-hit Pakistanis as govt approves massive hike in power tariff

11:08 AM | 22 Jul, 2023
Another shock for inflation-hit Pakistanis as govt approves massive hike in power tariff
Source: File Photo

ISLAMABAD – The federal government has jacked up basic power tariff for consumers, in another shock for inflation-weary people who are facing record high prices of food and fuel.

The National Electric Power Regulatory Authority (NEPRA) proposed a hike of nearly Rs5 in base price and now the power tariff has been increased by Rs4.34 per unit.

The federal cabinet now approved a massive surge in electricity base tariff through circulation summary as the Sharif-led government moves to raise rates in light of commitments made with the IMF.

As per the proposal, authorities suggested a surge of Rs3 per unit for the non-protected residential consumers under 100 units while for residential consumers using above 700 units, a hike of Rs 7.5 per unit was proposed.

Earlier, Pakistani premier Shehbaz Sharif reassured IMF chief Kristalina Georgieva, and other officials that his government will not violate the agreement reached with the multilateral lender.

Daily Pakistan Global Web Desk


Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter