Pakistan and the IMF have commenced policy-level talks for the disbursement of a $1 billion loan tranche under the ongoing loan package. The officials held a lengthy session of talks with the IMF team to cut the electricity tariff by 1.5 to two rupees per unit, according to sources. “Final decision to slash basic tariff […]
According to notifications, a reduction of Rs2.12 per unit has been announced for consumers of government-owned DISCOs. Additionally, a price reduction of Rs3 per unit has been approved for K-Electric consumers. The benefit of a reduction in electricity prices will be passed on to customers in their March 2025 bills. The refunds were approved for […]
The successful talks could lead to the release of the next $1 billion tranche from the IMF for Pakistan. A presentation was given to the IMF delegation led by Nathan Porter, over economic indicators from July to February. Pakistan’s delegation headed by Finance Minister Muhammad Aurangzeb briefed the IMF team about fiscal deficit, primary balance, […]
“The economic review and talks will continue until March 15,” sources said. The nine-member mission led by Nathan Porter will stay about two weeks and assess Pakistan’s economic performance to determine the release of the next $1 billion tranche. The IMF mission will also present its recommendations for the next financial year’s budget, sources said. […]
The Central Power Purchasing Agency Guarantee Limited (CPPA-G) moved the application for the lowering power tariff, proposing a refund of Rs2.32 per unit to power consumers, reflecting a fuel charges adjustment for January 2025. The CPPA, representing Ex-Wapda Distribution Companies (XWDiscos), submitted a petition to the National Electric Power Regulatory Authority (NEPRA) seeking approval to […]
The power companies have filed a petition seeking a reduction of Rs 52.12 billion in the tariff, which is part of the second quarterly adjustment for the current fiscal year. The request includes a reduction of Rs. 50.66 billion in capacity charges, Rs. 2.66 billion in transmission and distribution losses, and Rs. 2.69 billion in […]
As per details, this decision came after eight electricity companies, including Peshawar Electric Supply Company (PESCO), Multan Electric Power Company (MEPCO), Gujranwala Electric Power Company (GEPCO), Lahore Electric Supply Company (LESCO), Faisalabad Electric Supply Company (FESCO), Hyderabad Electric Supply Company (HESCO), Quetta Electric Supply Company (QESCO), and Tribal Areas Electric Supply Company (TESCO), submitted requests […]
During the hearing, Justice Jamal Mandokhail remarked that the taxes collected through electricity bills go into the national treasury. Justice Hassan Azhar Rizvi pointed out that NEPRA conducts hearings on electricity tariffs and questioned whether Jamaat-e-Islami had ever raised objections during NEPRA’s proceedings. Justice Rizvi further stated that electricity theft is a major cause of […]
The Central Power Purchasing Agency (CPPA) has requested a reduction in the monthly fuel price adjustment for December, which may result in a decrease of Rs1.30 per unit in the power tariff for a month. The CPPA’s petition will be heard tomorrow. According to the CPPA’s request, the fuel cost per unit of electricity in […]
The power company has confessed billions of rupees in additional recovery from Karachi’s electricity consumers. Power consumers of the metropolis are likely to get Rs. 4.98 per unit relief as per the KE petition submitted to the NEPRA. The electric power regulator has fixed the hearing of the KE plea on January 15. The regulatory […]
