K-Electric Urges February Power Tariff Cut
In a recent move, Karachi-Electric has approached NEPRA, urging the regulatory authority to lower electricity rates for February. The request comes as part of a fuel cost adjustment, aiming to reflect the changes in fuel prices and ultimately ease the financial burden on electricity users. This step is seen as a part of broader efforts toward electricity price reduction in Pakistan, benefiting both households and businesses.
A meeting led by NEPRA is scheduled for April 16 to review K-Electric’s request for the February fuel adjustment. Consequently, the session will help decide if the request is fair or not. Ultimately, whatever is decided may also influence future fuel adjustment decisions.
If the decision goes through, the drop in electricity prices could ease the financial load on millions of households, putting over Rs6.66 billion back into the pockets of everyday people.
PM Announces Electricity Price Cut as Eid Gift
Prime Minister Shehbaz Sharif shared the good news of a substantial drop in electricity prices, describing it as a much-needed relief for the people.
In a recent address during a specially held event, he shared a significant update — specifically, the government has taken the decision to ease power bills across the board. For families using electricity at home, the cost per unit will drop by Rs 7.41. Meanwhile, industries will, in fact, get an even bigger breather with a Rs 7.59 per unit reduction. Ultimately, this move is aimed at lightening the load on the public and, consequently, giving businesses a much-needed boost.
With hope and care, the prime minister explained that this decision wasn’t just about numbers. It was about making life easier and bringing joy to people all over the country. He called it a thoughtful Eid gift, hoping it would offer relief and happiness to families everywhere.
PM Aims to Tackle Circular Debt and Power Theft
Negotiations with Independent Power Producers (IPPs) are expected to yield remarkable savings of Rs 3,696 billion, as highlighted by the officials. To tackle the persistent issue of circular debt, which currently totals Rs 2,393 billion, Prime Minister Shehbaz assured that effective measures are already underway.
The Prime Minister conveyed his strong resolve to address the critical problem of power theft, which results in a loss of approximately Rs 600 billion annually. He highlighted the urgency of taking action, proposing that the way forward may involve privatizing power distribution companies or shifting their control to provincial governments to improve efficiency and accountability. These measures are expected to support long–term goals like electricity price reduction in Pakistan by minimizing losses and enhancing operational transparency.
