I want loadshedding-free Pakistan by December, PM Nawaz tells authorities

11:32 AM | 29 Apr, 2017
I want loadshedding-free Pakistan by December, PM Nawaz tells authorities
ISLAMABAD - Expressing displeasure over the extended load shedding in the country, prime minister Nawaz Sharif on Friday made it clear to the federal cabinet and the departments concerned that he wanted an end to load-shedding by December, this year.

According to a report by Dawn news, the Cabinet Committee on Energy (CCOE) meeting held under the chair of prime minister primarily focused on ways to eradicate power-cuts.

The participants who met for the fourth time in twenty days were told by the premier that he desired Pakistan to get rid off load-shedding by December in a bid to face the masses with confidence in next year’s general election.

'Anticipated planning has not been exercised by the relevant ministries and their organisations for which responsibility must be fixed' said the premier.

The prime minister repeatedly told the participants that he was not ready to allow an extension in the deadline for completion of important generation and transmission projects beyond Decem­ber.

An official statement said the prime minister expressed resentment over the current load shedding schedule. He said it was the government’s responsibility to provide relief to the masses.

Secretary for water and power Yousaf Naseem Khokhar briefed PM Sharif about the availability and utilisation of idle capacity of plants run by the independent power producers (IPP's) and captive power plants to the extent of 2,000MW and discussed load management plan for the summer.

'866MW of power generation had been restored to the system this month and another 400MW would be added by mid-May' told Naseem Khokhar.

The prime minister directed the power secretary to constitute a dedicated team for hourly monitoring of the power supply situation. The team must also report on the monitoring of power transmission and distribution system as well on a weekly basis.

He directed the water and power secretary to present a line of action for resolution of issues related to idle plants and present a report in two days.

On the other hand, Minister for Water and Power, Khwaja Asif told the meeting that a programme for power system constraints resolution was currently in full swing and would be completed by December.

The meeting was attended by Minister for Finance Ishaq Dar, Minister for Petroleum & Natural Resources Shahid Khaqan Abbasi, Minister for Planning Ahsan Iqbal, Minister for Water & Power Khawaja Muhammad Asif, Chief Minister Punjab Shahbaz Sharif, Minister of State for Information & Broadcasting Maryum Aurangzeb, Special Assistant to PM Tariq Fatemi and senior officials.


Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565


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