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‘We are fixing it,’ says PM Shehbaz while blaming PTI for energy crisis

11:38 AM | 25 Apr, 2022
‘We are fixing it,’ says PM Shehbaz while blaming PTI for energy crisis
Source: Twitter

ISLAMABAD – As power outage continues to intensify in various parts of the country, Prime Minister Shehbaz Sharif said on Monday that his government was making efforts to fix the mistakes made by the PTI government in the power sector. 

Taking to Twitter, the premier highlighted that former PM Nawaz Sharif successfully ended the worst load-shedding in Pakistan in a period of five years. 

“PTI govt neither purchased fuel in time nor repaired power plants. Hence the current load-shedding,” PM Shehbaz Sharif said.

Costly power generation through inefficient plants is costing the people Rs100 billion per month, he pointed out, adding: “We are fixing it”.

A day earlier, the prime minister also directed the relevant authorities to end the load-shedding in the country immediately. 

The prolonged loadshedding has been causing difficulties for public to perform their daily chores, especially during sehri and iftar times.

Amid hot weather, Pakistanis have been suffering 8 to 15 hours of scheduled and unscheduled power outages on a daily basis across the country.

Karachi, Lahore, Peshawar, Rawalpindi, Quetta, Swat, Multan, Badin and the country’s other cities have witnessed the outages.

The Power Division said the country has been producing 17,000 megawatts of electricity while the demand has increased up to 19,000 megawatts. During the afternoon and evening timings, the demand went up to 21,000 megawatts.

Several areas of Karachi experienced outages up to 15 hours. The loadshedding-exempted areas of the city also witnessed the outages, while the loadshedding duration in different areas has been increased from eight to 15 hours.

The spokesperson for K-Electric said that the power supply had been disrupted due to the shortage of 300 megawatts from the national grid.

Meanwhile, Punjab’s urban areas experienced eight to nine hours of loadshedding, while the rural areas witnessed 10 to 12 hours of loadshedding.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 23 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 23, 2024 (Friday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.45 for selling.

Euro comes down to 301 for buying and 304 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 75.95 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 23 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279.5 282.45
Euro EUR 301 304
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 75.95 76.7
Saudi Riyal SAR 74.25 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.60 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal ‎QAR 76.76 77.43
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.87
Thai Bhat THB 7.79 7.94

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