The government is set to announce a significant reduction in electricity tariffs, aiming to provide relief to consumers across Pakistan.
Power Distribution Companies (Discos) have filed petitions seeking a negative adjustment of Rs52.123 billion (approximately Rs2 per unit) for the second quarter of FY 2024-25 under the Quarterly Tariff Adjustment (QTA) mechanism. If approved, the new rates could take effect in March 2025.
The National Electric Power Regulatory Authority (Nepra) will hold a public hearing on February 12 to discuss the proposed adjustments, driven by exchange rate stability and lower interest rates.
Additionally, Prime Minister Shehbaz Sharif is expected to announce a further Rs7 per unit reduction for the industrial sector starting in April, bringing the total tariff cut to Rs9-10 per unit.
Officials say renegotiations with Independent Power Producers (IPPs) are projected to save Rs137 billion annually, contributing to the government’s broader plan to slash energy costs by Rs1.14 trillion. The Federal Cabinet has already approved new contracts to support this initiative.
Social media platform X has begun blocking over 8,000 accounts from being viewed in India…
In a key virtual meeting with the Karachi Chamber of Commerce and Industry (KCCI), Haroon…
Nokia today announced that Cybernet, Pakistan’s leading fiber broadband provider, has chosen Nokia’s cutting-edge optical…
Pakistan’s military reported on Thursday that it had neutralized 25 Israeli-made Indian Harop drones across…
Chief Justice Yahya Afridi and all judges of the Supreme Court of Pakistan convened a…
Tensions escalated sharply overnight as India launched a coordinated drone attack on multiple locations across…
This website uses cookies.
