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Lahore faces unannounced load-shedding as shortfall crosses 5000MW

10:48 AM | 25 May, 2024
laod shedding pakistan
Source: File Photo

LAHORE – People in Lahore, and parts of Pakistan have been hit by double whammy amid extremely hot weather and unannounced load shedding, as power shortfall crossed 5,500 megawatts on Saturday.

The electricity shortage worsened amid massive increase in demand. LESCO and other power companies are struggling to meet the increasing demand, resulting in frequent power outages across the regions.

Amid the soaring temperatures, the country of 240 million is facing a worsening energy crisis as electricity demand rises, surpassing the available supply. National Power Control Centre (NPCC) reported a demand of 25,500 megawatts, while the total production is only 20,200MW, leading to a shortfall of over 5,000MW and increased load shedding in both urban and rural areas.

Urban areas are facing 4-6 hours of power outages, with an additional six-hour maintenance-related load shedding while rural areas are experiencing over eight hours of load shedding.

Areas with high losses and theft are enduring 12 to 16 hours of load shedding.

Islamabad and Rawalpindi are also facing four to six hours of load shedding for maintenance purposes. Despite efforts to increase power generation, the energy deficit remains. Currently, 6,200MW of electricity are generated from hydropower sources, with significant contributions from various dams and thermal plants.

The circular debt in the energy sector has reached $17.5 billion, posing a significant challenge to the sector's operations and Pakistan's economy. Urgent reforms are needed to address inefficiencies and reduce the mounting debt to stabilize the power supply and alleviate the financial strain on the country.
 
https://en.dailypakistan.com.pk/25-Jun-2023/load-shedding-in-pakistan-worsens-as-shortfall-exceeds-8-500mw

Daily Pakistan Global Web Desk

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 19 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 19, 2024 (Wednesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.50 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Forex Rates 

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296.00 299.00
UK Pound Sterling GBP 349.70 353.25
U.A.E Dirham AED 74.80 75.60
Saudi Riyal SAR 72.80 73.55
Australian Dollar AUD 182.00 184.00
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204.00 206.00
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.30 59.90
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 311.90 314.40
Thai Bhat THB 7.58 7.73

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