Month: June 2024

NEPRA Rejects Discos’ Proposal on Detection Bills Period

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Nepra-Act

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has dismissed a proposal from electricity distribution companies (Discos) to extend the period for issuing detection bills under the Consumer Service Manual (CSM). NEPRA decided to retain the current two billing cycle limit for supplementary bills in cases of slow or defective metering installations. Gujranwala Electric Power Company (GEPCO) had filed a petition with the Supreme Court of Pakistan challenging a November 2019 Lahore High Court judgment regarding detection bills for slow metering. The Supreme Court, expressing concern over irregular billing practices,…

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PM Approves Rs10.69 Tariff Cut for Industrial Sector

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Power-firms

ISLAMABAD: In a significant move to boost local production and exports, Prime Minister Shehbaz Sharif on Friday approved a substantial reduction of Rs10.69 per unit in the electricity tariff for the industrial sector. This decision lowers the new electricity price for industrial and export sectors to Rs34.99 per unit, following a recommendation by the National Electric Power Regulatory Authority (NEPRA). “The Prime Minister’s package, which is expected to provide over Rs200 billion in relief to the industry, will help reduce the manufacturing costs of goods, making them more competitive in…

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NEPRA Hikes National Power Tariff by 20%

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Nepra-tariff

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday announced a 20% increase in the national power tariff, aimed at securing approximately Rs3.8 trillion in funding for the 10 ex-WAPDA electricity distribution companies (Discos) for the fiscal year 2024-25. The new tariff, which will come into effect from July 1 after a formal government notification, raises the national average base tariff to Rs35.50 per unit (kilowatt-hour, or kWh) from the current Rs27.78 per unit. This increase is expected to generate an additional Rs485 billion in revenue for the Discos,…

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Budget 2024-25: Power, Defence, and Election Expenses Exceed Allocations

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Budget-2024-25

ISLAMABAD: During the fiscal year 2023-24, at least 38 government departments exceeded their allocated budgets, necessitating additional funds through supplementary and technical grants, according to the Finance Division’s details of current expenditure. Key Departments Exceeding Allocations: Power Division: Spent Rs769.7 billion against an allocation of Rs450.5 billion, requiring an additional Rs319.1 billion.Defence Services: Allocated Rs1.8 trillion, but expenditures reached Rs1.835 trillion, necessitating an extra Rs31.5 billion.Defence Division: Required Rs20 billion against an allocated budget of Rs6 billion.Election Expenses: Spent over Rs39 billion against an allocation of Rs7.7 billion, mainly due…

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Sindh Budget 2024-25: Murad Unveils Rs959bn ADP with a Focus on Energy and Infrastructure

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budget-2425

KARACHI: The Sindh government has announced a substantial development outlay of Rs959.1 billion for the fiscal year 2024-25, marking a 30.5% increase from the current year’s Rs735 billion. In his budget speech, Chief Minister Syed Murad Ali Shah highlighted that the Annual Development Programme (ADP) would focus on the completion of ongoing projects from the past decade, with no new schemes introduced for FY25. Development Allocation Breakdown: Provincial ADP: Rs493 billion (29.7% increase from Rs380 billion in FY24)District ADP: Rs55 billionForeign Project Assistance: Rs334 billionFederal PSDP Schemes: Rs76.9 billionThe estimated…

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