ISLAMABAD: Pakistan’s national power regulator has cut the prices of electricity by Rs2.12 per unit on account of fuel adjustment charges, it said on Thursday.
The National Electric Power Regulatory Authority (NEPRA) has to make adjustments in the power tariff on account of any variations in fuel charges on a monthly basis.
The reduction in electricity prices followed a request by the Central Power Purchasing Agency (CPPA), which had worked out the fuel cost for the month of January.
“The authority... has reviewed and assessed a National Average Uniform decrease of (Rs2.1240/kWh) in the applicable tariff for XWDISCOs on account of variations in the fuel charges for January 2025,” NEPRA said in a notification issued late Thursday.
“XWDISCOs (distribution companies) shall reflect the fuel charges adjustment in respect of January 2025 in the billing month of March 2025.”
The development comes more than a week after Pakistan’s Power Minister Awais Leghari announced a reduction in power tariff for households consuming up to 300 units of electricity and those using agricultural tube-wells.
“By waiving these charges for low-usage consumers and agricultural tube-wells, the government aims to ease the financial burden on farmers and households with limited electricity consumption,” Leghari was quoted as saying by the state-run APP news agency.
Pakistan produces expensive electricity due to a combination of factors including high reliance on imported fossil fuels, inefficient energy mix, substantial transmission and distribution losses and chronic issues like circular debt and regulatory inefficiencies.
The country’s outdated infrastructure and inadequate power plants further exacerbate costs, while underutilization of domestic resources such as hydropower and coal add to the problem.
Additionally, fluctuations in foreign exchange rates and complex tariff structures contribute to higher electricity prices. High power cost is one of the key factors that lead to inflation in the country.
Pakistan power regulator cuts tariff on account of fuel price adjustment
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Pakistan power regulator cuts tariff on account of fuel price adjustment
- The National Electric Power Regulatory Authority makes adjustments in power tariff on account of any variations in fuel charges on a monthly basis
- The South Asian country produces electricity with the help of imported fossil fuels, amid underutilization of domestic resources like hydropower, coal
Pakistan PM invites UAE investment across tech and resource sectors at National Day event
- Shehbaz Sharif says the UAE remains a key economic partner and continues to lend ‘critical support’ to Pakistan
- UAE envoy says both nations have potential for cooperation in renewable energy, AI and economic diversification
ISLAMABAD: Pakistan is ready to welcome investment from the United Arab Emirates across emerging technologies and resource sectors, Prime Minister Shehbaz Sharif said on Monday, as both countries marked the 54th National Day of the Gulf country in Islamabad.
Speaking at the ceremony attended by senior ministers, diplomats and business leaders, Sharif said the UAE remained a key economic partner for Pakistan and continued to lend “critical support” to the country’s stabilizing economy.
“Pakistan takes great pride in its strategic partnership with the UAE, which continues to deepen across every domain of life,” he said. “With Pakistan’s economy stabilizing, we stand ready to welcome Emirati investment in renewable energy, AI, fintech, agriculture and minerals.”
Sharif praised the UAE’s leadership and recalled his earliest memories of the Gulf nation as “a land that believed in possibilities long before they became realities,” saying the country’s progress under President Sheikh Mohamed bin Zayed Al Nahyan commanded “profound admiration.”
UAE Ambassador Salem Al Bawab Al Zaabi said the Emirates was committed to strengthening ties with Pakistan in areas including the economy, energy and artificial intelligence.
He said the two countries shared a “deep-rooted friendship built on mutual respect, shared values and a common vision for regional peace and development.”
“We see tremendous potential for collaboration in renewable energy, artificial intelligence, sustainability and economic diversification,” the ambassador said, adding that the UAE aimed to broaden the scope of its economic relations with Pakistan.
The UAE hosts around 1.8 million Pakistani expatriates, one of the country’s largest overseas communities, who Sharif said contributed “tirelessly” to the Gulf state’s development.
Sharif and Deputy Prime Minister Ishaq Dar also joined the UAE ambassador in a cake-cutting ceremony to mark the occasion.
