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Good News: NEPRA approves reduction in K-Electric’s tariff by Rs5.12 per unit

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  • The change will be reflected in November bills.
  • This will also apply for only one month.
  • Rs5.12 decrease will have an impact of over Rs8.6 billion.

ISLAMABAD: In a major relief for Karachiites, the National Electric Power Regulatory Authority (NEPRA) Friday notified a reduction in K-Electric’s tariff on account of fuel charges adjustment (FCA) for September.

The power regulator notified that a Rs5.1261 per kWh adjustment should be reflected in November bills under the FCA — a system by which the price of electricity is adjusted as fuel prices fluctuate. This will also apply for only one month.

The hearing of KE’s fuel adjustment application in NEPRA was held on October 25 where the KE had requested a negative FCA of Rs4.622 per kWh.

However, following the arguments and estimates the power regulator approved a negative FCA of Rs5.1261 per kWh.

In a statement, the NEPRA directed all KE to show the adjustment separately in the consumer’s bills for November.

This shall apply to all consumer categories except:

  • Lifelines consumers
  • Domestic consumers who consume up-to 300 units
  • Agriculture consumers
  • Electric vehicle charging stations

It was also clarified that the negative adjustment on account of monthly FCA applies to domestic consumers having Time of Use (ToU) metres irrespective of their consumption level.

The Rs5.12 decrease will have an impact of over Rs8.6 billion on consumers, including GST.

“While effecting the fuel adjustment charges, the concerned K-Electric shall keep in view and strictly comply with the orders of the courts notwithstanding this order,” the notification issued in this regard read.

Earlier this week, the power regulator had indicated an increase in the electricity tariff of the ex-Wapda distribution companies XWDISCOs by Rs0.08 per unit on account of FCA for September 2022.

The Rs0.08 increase will put a burden of over Rs1 billion on consumers, including GST.

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Business

Robust activity lets PSX climb above 115,000 level again.

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On Friday, the Pakistan Stock Exchange (PSX) resumed its upward trend, crossing 115,000 points once more.

The PSX had strong action in the morning session, as the KSE-100 index increased by 1,000 points to 115,138.

The notoriously volatile PSX closed Thursday at 114,037 points, up 594 points.

DOLLAR DEPRECIES

Meanwhile, in the interbank market this morning, the US dollar fell 7 paisas to Rs278.65 against the Pakistani rupee.

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SBP will announce monetary policy on January 27.

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The State Bank of Pakistan (SBP) will release its monetary policy on Monday.

The Monetary Policy Committee (MPC) of the SBP will convene on the first day of the following week to make decisions on monetary policy.

The Monetary Policy decision will be announced by Governor SBP Jameel Ahmad at a news conference on the same day after the MPC meeting, according to an official release.

In December, the central bank reduced policy rates by 200 basis points (bps) to 13 percent.

“In November 2024, headline inflation fell to 4.9 percent year on year, meeting the MPC’s estimates. This decrease was mostly caused by the ongoing decline in food inflation and the phasing out of the impact of the gas tariff increase in November 2023,” SBP stated in an official release.

“However, the Committee noted that core inflation, at 9.7 percent, is proving to be sticky, while consumer and business inflation expectations remain volatile.” To that end, the Committee restated its previous assessment that inflation may remain volatile in the short term before stabilizing within the target range.

“At the same time, growth prospects have slightly improved, as evidenced by a recent increase in high-frequency indicators of economic activity.” Overall, the Committee concluded that its approach of gradual policy rate decreases is keeping inflationary and external account pressures under control while promoting long-term economic growth.

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Finance Minister Meets With World Leaders at World Economic Forum in Davos

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During his attendance at the World Economic Forum in Davos, Switzerland, Finance Minister Muhammad Aurangzeb has met with officials of organisations and leaders of many nations.
Bangladesh’s Chief Advisor, Muhammad Younas, met with Mohammad Aurangzeb.
On the fringes of the World Economic Forum’s Annual Meeting 2025 Opening Banquet, there was an informal meeting.
Additionally, the Finance Minister met with Anwar Ibrahim, the Prime Minister of Malaysia.
Both leaders discussed economic cooperation and bilateral ties.
Muhammad Aurangzeb also had a meeting with Dp World’s Rizwan Soomro and Yuvraj Narayan.
They talked about how to strengthen Pakistan’s logistics and infrastructure systems to support trade.
“The Pakistani government is committed to advancing joint projects and values partnerships in both business-to-business and business-to-government cooperation,” the finance minister added.

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