Nepra increases power tariff by Rs1.52 per unit

10:46 AM | 25 Oct, 2017
Nepra increases power tariff by Rs1.52 per unit
KARACHI - The National Electric Power Regulatory Authority (Nepra) has approved Rs1.52 per unit average increase in the base tariff for consumers.

The decision made on Tuesday would affect all consumers of ex-Wapda distribution companies (Discos) as the base tariff would go up by an average Rs2 per unit including a 48-paisa per unit increase already determined by the regulator last month.

Nepra issued 10 separate tariff determinations for respective Discos and forwarded to the government for an advice on an increase in tariff separately depending on the element of subsidy and uniform tariff methodology.

The regulator said it was re-determining the government request on the directions of the Islamabad High Court where the regulator’s determinations for 2015-16 to 2019-20 tariff had been challenged.

'The tariff determination had been made to ensure the financial viability of the power sector which otherwise would result in huge prior year adjustments and would not be in the interest of the consumers' it said in a statement.

According to the power regulator, the period for the fiscal year 2015-16 for which the tariff was being re-determined had already passed so it was decided to include the impact of over/under-recovery on account of power purchase price, distribution margins and prior year adjustments in the consumer tariff for upcoming years.

The regulator also clarified that variations on account of power purchase price including losses for 2016-17 had not been recovered or passed on to the consumers as the government took no action on the request of the regulator.

The consumers would face the burden because of payables to the Khyber Pakhtunkhwa government on account of net hydel profit and its arrears under an agreement between the federal and provincial governments.

A Nepra official said the resultant increase in tariff was worked out on the basis of Rs59bn to be paid to KP on account of Net Hydel Profit (NHP) during the current year, Rs49bn on account of less recoveries and about Rs54.6bn against prior year adjustments.

The regulator has been resisting the government desire for Rs225bn additional revenue through tariff increases on legal grounds, saying its prior year determinations had not been notified by the government.



Pakistani rupee recovers against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.

Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.

UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.

Today's currency exchange rates in Pakistan - 5 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.6 286.65
Euro EUR 309 312
UK Pound Sterling GBP 360 363.5
U.A.E Dirham AED 77.5 78.2
Saudi Riyal SAR 75.9 76.7
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 757.72 765.72
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.59 41.99
Hong Kong Dollar HKD 36.46 36.81
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 922.11 931.11
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.27 78.97
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Swiss Franc CHF 327.65 330.15
Thai Bhat THB 8.16 8.31

Gold Rates in Pakistan - Check today gold price - 5 December 2023

The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.

Gold Rates in Pakistan Today - 5 December 2023

On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330. 

Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.

In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,500 PKR 2,720
Karachi PKR 218,500 PKR 2,720
Islamabad PKR 218,500 PKR 2,720
Peshawar PKR 218,500 PKR 2,720
Quetta PKR 218,500 PKR 2,720
Sialkot PKR 218,500 PKR 2,720
Attock PKR 218,500 PKR 2,720
Gujranwala PKR 218,500 PKR 2,720
Jehlum PKR 218,500 PKR 2,720
Multan PKR 218,500 PKR 2,720
Bahawalpur PKR 218,500 PKR 2,720
Gujrat PKR 218,500 PKR 2,720
Nawabshah PKR 218,500 PKR 2,720
Chakwal PKR 218,500 PKR 2,720
Hyderabad PKR 218,500 PKR 2,720
Nowshehra PKR 218,500 PKR 2,720
Sargodha PKR 218,500 PKR 2,720
Faisalabad PKR 218,500 PKR 2,720
Mirpur PKR 218,500 PKR 2,720


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