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Prime Minister Shehbaz Sharif Visits Saudi Arabia for High-Level Discussions

  Prime Minister Shehbaz Sharif arrived in Riyadh today for a two-day official visit to Saudi Arabia, marking another chapter in the enduring partnership between the two nations. This visit comes amid shared regional challenges and opportunities for collaboration, underscoring Pakistan’s commitment to strengthening ties with the Kingdom. Upon his arrival at King Khalid International Airport, Prime Minister Sharif was received by Riyadh’s Deputy Governor, Prince Muhammad bin Abdulrahman bin Abdulaziz, alongside Pakistan’s Ambassador to Saudi Arabia, Ahmed Farooq, and senior Saudi officials. The warm reception highlighted the strategic importance of Pakistan-Saudi relations. Agenda of the Visit During this visit, Prime Minister Sharif will participate in the  One Water Summit , a critical platform that brings together global leaders to address water security issues. Organized in collaboration with Saudi Arabia, France, Kazakhstan, and the World Bank, the summit aims to develop s...
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How much consumers likely to face per unit hike in basic tariff?

 


Power consumers likely to receive another ‘shock’ as the National Electric Power Regulatory Authority (NEPRA) is set to take up CPPA’s plea seeking a hike of Rs5 per unit in the base tariff

Preparations are underway to impose an additional burden of over Rs 310 billion on electricity consumers.

As per details, the electric power regulator will decide on the Central Power Purchasing Agency (CPPA) plea tomorrow, which is seeking a hike in the base tariff for the FY2024–25.

CPPA has presented seven scenarios for power purchase prices, with an estimated range of Rs 25.03 to Rs 27.11 per unit.

A report by the power division indicated that the circular debt was Rs 2,310 billion as of June 2023, marking an increase of Rs 325 billion over the following seven months up to January 2024.

These developments signal continued financial strain on electricity consumers and highlight ongoing challenges within Pakistan’s power sector.

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