Islamabad: Pakistan’s power sector circular debt may rise by Rs 735 billion during the current fiscal year, pushing the total to around Rs 2,300 billion, sources said. The increase is partly due to rebasing adjustments, while reduced losses in distribution companies and improved recoveries could limit the rise by Rs 212 billion. Authorities plan to […]
electricity tariffs
Nepra plans major cut in solar net metering rates
LAHORE — The National Electric Power Regulatory Authority (Nepra) is working on a significant revision of solar net metering rates, proposing to reduce the buyback rate from Rs. 23 per unit to Rs. 10, sources at the Power Division said. In a later phase, officials are considering removing the buyback mechanism entirely, meaning consumers generating […]
Pakistan moves to uniform electricity tariffs nationwide
The federal government has approved a major policy shift to apply a uniform monthly electricity tariff across the country. Previously, Karachi had a separate monthly adjustment, different from the rest of Pakistan. Now, the same tariff adjustment will apply nationwide, including Karachi. This change aims to unify electricity pricing and bring fairness to all consumers. […]
PM Shehbaz approves power plan to save Rs4.7 trillion and cut costly projects
Prime Minister Shehbaz Sharif has approved the new 10-year power plan IGCEP 2024–34. It aims to save Rs4,743 billion by removing nearly 8,000 MW of expensive electricity projects. The plan promotes renewable energy and focuses on reducing electricity tariffs through smart planning. The revised plan cuts the generation target from 14,984 MW to 7,017 MW. […]
Power division confirms electricity tariff reduction amid rumors
The Power Division has clarified recent rumors about changes in electricity tariffs. Zafaryab Khan, the spokesperson, stated that the federal government will implement the recently announced price reduction. He called the reports about changing electricity rates “baseless” and aimed at spreading confusion. In an interview with APP, Khan emphasized that Prime Minister Shehbaz Sharif’s announcement […]
Pakistan stock exchange reaches new heights with KSE-100 over 120,000
The Pakistan Stock Exchange (PSX) is thriving as the KSE-100 index has crossed the remarkable 120,000 mark. The index soared by 1,729.48 points, reaching 120,667.59 during intraday trading. It even hit a high of 120,793.41 points, reflecting strong investor confidence. This surge follows an important announcement from Prime Minister Shehbaz Sharif. He revealed a 15% […]
NEPRA cuts electricity tariffs by Rs3.02 per unit
The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity tariffs. The price cut of up to Rs3.02 per unit will apply from April to June 2025. This decision follows Prime Minister Shehbaz Sharif’s earlier announcement and is part of the quarterly adjustment. The reduction will benefit all electricity distribution companies, including […]
IMF greenlights electricity tariff reduction for Pakistani consumers
The International Monetary Fund (IMF) has approved a reduction in electricity tariffs for all consumers in Pakistan. The government can now cut tariffs by Rs1 per kilowatt-hour, providing relief to consumers. This decision comes after the recent staff-level agreement between Pakistan and the IMF. The reduction is expected to ease the financial burden on consumers […]
PM Announces Rs8 Reduction in Electricity Tariffs Starting April 1
Prime Minister Shehbaz Sharif will announce an Rs8 per unit cut in electricity tariffs effective April 1, 2025. This reduction follows approval from the International Monetary Fund (IMF) and will appear on consumer bills in May. The move aims to provide much-needed relief to consumers. Out of the total Rs8 decrease, Rs4.73 will be a […]