KARACHI – The National Electric Power Regulatory Authority (Nepra) on Thursday approved an increase in the power tariff for consumers of the Karachi Electric (KE) in wake of the fuel adjustment.
The authority hiked the electricity price by 50 paisas per unit while deciding a petition filed by the KE seeking adjustment for the month of February.
During the hearing, Nepra officials said that KE generated electricity at Rs48.55 per unit from its own resources, while the price of electricity received from the federal government was Rs 9.05 per unit in February.
Meanwhile, the power tariff has been reduced by six paisas for rest of the country in wake of the fuel adjustment for February.
The Nepra chief said that power plants producing electricity at higher cost had to be put in operation due to lack of transmission line from Thar coal.
KARACHI – US dollar, after plunging massively last week, regained momentum on first working day of the week.
During the intra-day trading, the local currency dropped nearly 0.08 percent in the interbank market and the dollar was being traded at 285.90.
In the open market, Pakistani rupee hovered between 302-305 against the dollar.
Last week, Pakistan's central bank permitted approved dealers to buy dollars on the interbank market in order to settle card-based cross-border transactions using International Payment Schemes (IPS).
The central bank announced in a notification on Wednesday, saying, "It is decided to allow authorised dealers to purchase USD from interbank for settlement of card-based cross-border transactions with IPS [such as Visa, Mastercard, etc.] in view of representations received from stakeholders."
https://en.dailypakistan.com.pk/31-May-2023/state-bank-allows-dealers-to-buy-dollars-from-interbank-market-for-international-card-transactions
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 230,800 | PKR 2125 |
Karachi | PKR 230,800 | PKR 2125 |
Islamabad | PKR 230,800 | PKR 2125 |
Peshawar | PKR 230,800 | PKR 2125 |
Quetta | PKR 230,800 | PKR 2125 |
Sialkot | PKR 230,800 | PKR 2125 |
Attock | PKR 230,800 | PKR 2125 |
Gujranwala | PKR 230,800 | PKR 2125 |
Jehlum | PKR 230,800 | PKR 2125 |
Multan | PKR 230,800 | PKR 2125 |
Bahawalpur | PKR 230,800 | PKR 2125 |
Gujrat | PKR 230,800 | PKR 2125 |
Nawabshah | PKR 230,800 | PKR 2125 |
Chakwal | PKR 230,800 | PKR 2125 |
Hyderabad | PKR 230,800 | PKR 2125 |
Nowshehra | PKR 230,800 | PKR 2125 |
Sargodha | PKR 230,800 | PKR 2125 |
Faisalabad | PKR 230,800 | PKR 2125 |
Mirpur | PKR 230,800 | PKR 2125 |
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