Power distribution companies in Pakistan seek higher electricity tariffs — NEPRA

In this file photo, taken on November 7, 2018, a Pakistani employee of the state-run Islamabad Electric Supply Company (IESCO), takes a meter reading with his smartphone at a commercial building in Islamabad. (AFP/File)
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Updated 24 August 2023
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Power distribution companies in Pakistan seek higher electricity tariffs — NEPRA

  • The companies want to recover Rs146 billion from end-users, recommending an increase of Rs5.4 per unit
  • Residential, commercial and industrial consumers have already been complaining of high costs of electricity

ISLAMABAD: Power distribution companies (Discos) in Pakistan have recommended to put additional financial burden on consumers ahead of the fourth quarter adjustment in electricity tariffs, an official statement said on Thursday, adding that they hope to recover Rs146 billion ($487 million) in the coming months.

Pakistan’s National Electric Power Regulatory Authority (NEPRA) raised tariffs by Rs4.96 per unit in July to meet one of the conditions imposed by the International Monetary Fund (IMF) while approving a short-term $3 billion bailout package for the country.

NEPRA periodically adjusts consumer-end tariffs after getting input from distribution companies which suggest different figures on the basis of their revenue requirements.

According to a statement released by the regulatory authority, its chairman, Wasim Mukhtar, was currently evaluating the recommendations these companies.

“Discos have submitted their applications to the authority on a fourth quarter basis,” said the statement. “They have requested for a recovery of Rs146 billion. Under the request, the increase per unit will be Rs5.4.”

Residential, commercial and industrial consumers in Pakistan have been complaining of high cost of electricity in the country.

Earlier this month, local industrialists in Karachi staged a protest demonstration, warning that high energy tariffs had led to a 30 percent increase in their production cost.

The rising electricity tariffs have also affected other businesses, with exporters saying that their products have become uncompetitive in international market and retailers complaining about reduced profit margins due to high overheads.


Pakistan president calls for facilitating trade, business interactions with Iraq

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Pakistan president calls for facilitating trade, business interactions with Iraq

  • President Asif Ali Zardari meets Caretaker Iraqi PM Mohammed Shia Al-Sudani in Baghdad
  • Zardari calls for closer cooperation between chambers of commerce of both nations, private sector

ISLAMABAD: President Asif Ali Zardari recently called for facilitating trade and business interactions between Pakistan and Iraq to facilitate cooperation in key sectors of the economy between the two countries, Pakistani state media reported. 

Zardari arrived in Iraq on Saturday for a four-day visit to the country aimed to deepen Pakistan’s bilateral ties with Baghdad. The Pakistani president met Iraqi Caretaker Prime Minister Mohammed Shia Al-Sudani to discuss practical measures to enhance bilateral cooperation, state broadcaster Radio Pakistan reported on Sunday. 

According to the Press Information Department, Pakistan’s exports to Iraq totaled $54.29 million in 2024 while imports from Iraq, primarily petroleum products, amounted to $145.46 million the same year. Analysts have noted that these figures are modest, considering the market sizes and mutual interests of both nations.

“He [Zardari] highlighted priority sectors including information technology, agriculture and food security, construction, pharmaceuticals and medicines,” Radio Pakistan said. 

“The president also stressed the importance of direct banking channels to facilitate trade, business interaction and the movement of pilgrims.”

Every year, thousands of Pakistani pilgrims travel to Iraq to visit some of the most revered shrines in Shia Islam, including the mausoleums of Ali in Najaf and Hussain in Karbala. 

The scale of travel, often involving long stays and cross-border movements, has long posed logistical, security and migration-management challenges for Pakistani authorities and host governments alike.

The president called for improved facilitation for Pakistani pilgrims at immigration points, greater flexibility in emergency travel cases and measures to ease difficulties faced by pilgrims. 

Zardari and Al-Sudani agreed on the importance of maintaining regular high-level exchanges to carry forward bilateral engagement. The Pakistani president spoke of Islamabad’s participation in major trade and health exhibitions in Baghdad, noting these engagements as a step toward sustained business-to-business connectivity.

“He encouraged closer coordination between chambers of commerce and the private sector of both countries through regular exchanges and virtual engagement,” Radio Pakistan said. 

Zardari expressed satisfaction over the steady progress in bilateral defense ties with Iraq, including ongoing training programs and completed defense deliveries.

“He reaffirmed Pakistan’s willingness to further strengthen defense collaboration in line with Iraq’s requirements and evolving security needs,” the state media outlet reported.