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Sigh of relief for Karachiites as NEPRA cuts power tariff by Rs2.14 per unit

02:32 PM | 30 Nov, 2022
Sigh of relief for Karachiites as NEPRA cuts power tariff by Rs2.14 per unit
Source: File Photo

KARACHI – Power consumers in the country’s financial capital are going to have a sigh of relief as the National Electric Power Regulatory Authority has slashed the tariff by Rs2.14 per unit.

The national power regulator earlier today announced to cut the power tariff by Rs2.15 per unit on account of fuel cost adjustments (FCAs) for the month of October.

The relief comes after K-Electric sought a price cut in two applications.

It was revealed that power generated by K-Electric, the main provider of electric power to over 20 million people, using its resources cost Rs32.96 per unit while the price of electricity purchased from the Central Power Purchasing Agency was Rs12.1 per unit.

The reduction in power tariff will bring a relief of Rs3.59 billion to consumers of the country’s largest city.

NEPRA also maintained that the reduction will not apply to lifeline consumers.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 26 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
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 58.6 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 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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