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K-Electric to refund Rs7.43/unit in Jan 2023 under FCA

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  • NEPRA holds public hearing on petitions.
  • K-Electric to reimburse its consumers for the fifth month in a row.
  • KE refunded Rs2.456/unit to consumers in their December bills.

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Tuesday, after hearing petitions of K-Electric, directed the company to refund Rs7.43/unit to its clients in January 2023 bills on account of Fuel Charges Adjustment (FCA) for November 2022, reported The News on Wednesday.

The Karachi-based power facility had submitted its application to NEPRA, expressing its willingness to return Rs7.04/unit to consumers.

Chairman NEPRA Tauseef Farooqi chaired the NEPRA hearing. At the same time, the authority members from KP Engr Maqsood Anwar Khan, Balochistan Mathar Niaz Rana, and Sindh Rafique Ahmad Shaikh were also present.

NEPRA made the proposed calculation after calculating KE’s electricity sale-purchase data for November 2022.

In a few days, the regulator will issue its final judgment to incorporate these decisions in the consumer billings for January 2023. 

This adjustment/relief would be available to all user categories of KE except lifeline power consumers, domestic consumers consuming up to 300 units, agricultural consumers, and electric vehicle charging stations (EVCS).

It is the fifth month in a row since July 2022 that the regulator has instructed K-Electric to reimburse the consumers’ specified per-unit charges.

Interestingly, in its earlier decision for October’s FCA, NEPRA had directed the utility to refund Rs2.456 per unit to consumers in their December bills. It was being paid back and had a total impact of Rs4.11 billion on the company.

A spokesperson of the company said, “November’s FCA was lower primarily due to a reduction in the prices of RLNG, furnace oil, and power purchased from CPPA-G (Central Power Purchasing Agency-Guaranteed) by 18%, 15%, and 37%, respectively as compared to September 2022.”

Utilities incur the FCA due to global variations in the fuel prices used to generate electricity and change in the generation mix. Furthermore, consumers also benefit when fuel prices decline compared to the reference month.

Regarding the FCA for September 2022, NEPRA had directed K-Electric to refund Rs5.126/unit to clients in their November bills with an impact of around Rs9 billion on the company.

For August’s FCA, the KE was directed to refund Rs4.8862/unit to consumers in October bills having an impact of around Rs8.5 billion. Likewise, for July 2022’s FCA, the regulator asked the KE to pay back Rs4.117/unit in September 2022 bills.

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The inaugural flight of Azerbaijan Airlines is between Baku and Karachi.

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The national airline of Azerbaijan launched direct flights from Baku to Karachi today. There will be two weekly flights on this route, on Thursdays and Sundays.

The first flight will land in Karachi, and Azerbaijan’s ambassador, Khazar Farhadov, will be there to greet it.

This evening also marks the departure of the inaugural flight from Karachi to Baku, in addition to the arrival of the flight from Baku.

Azerbaijan Airlines said last month that it would be growing its network and flight operations in Pakistan.

Aviation insiders have verified that Azerbaijan Airlines is preparing to launch service to Karachi in the coming month of April.

In addition to its current services in Islamabad and Lahore, the airline plans to launch its Karachi route on April 18, with the inaugural flight anticipated to depart on that date.

Azerbaijan Airlines has been given permission to operate flights on the Karachi route, according to sources within the Civil Aviation Authority (CAA).

Following a bilateral agreement between the two nations, Azerbaijan Airlines has been given permission to extend its operations in Pakistan.

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Fly Jinnah opens a new route internationally.

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Two weekly flights will be the starting frequency of the new route, which will connect the two cities.

According to a representative for Fly Jinnah, the company is pleased to announce the opening of a third international route from Islamabad to Muscat, the capital city of Oman, marking another significant milestone after the successful debut of flights from Islamabad and Lahore to Sharjah.

According to him, this development is in line with our goal of giving our clients more options for reasonably priced, value-driven local and international air travel.

The airline serves five main cities in Pakistan: Karachi, Lahore, Islamabad, Peshawar, and Quetta. Its fleet consists of five Airbus A320 aircraft, all of which are contemporary.

In addition to the current flight path to Sharjah, United Arab Emirates, this new route expands Fly Jinnah’s network of foreign destinations.

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Tajir Dost app: traders don’t seem interested in registering

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To tax retailers in Pakistan, the Tajir Dost app was released. The sources stated that the government hopes to tax 3.5 million merchants through the app.

Ajmal Baloch, the president of All-Pakistan Anjuman-e-Tajran, stated that he made reservations with FBR on the SRO within a week.

The Federal Board of Revenue (FBR), according to him, cannot be a “Tajir Dost” because of its unethical actions.

Baloch believed that since electricity bills allow traders to pay a predetermined advance income tax, further taxes are unnecessary.

The trader, according to him, is already paying thirteen different kinds of taxes on the commercial meter. “A trader already pays between Rs. 15,000 and Rs. 20,000 in taxes annually, but you are requesting Rs. 1,200 per month in taxes.”

Mr. Ajmal summoned representatives of the Federal Board of Revenue (FBR) to a meeting with the trade associations to talk about the indirect taxes that the merchants are paying.

Additionally, he claimed that FBR officers are charging the traders, the majority of whom are less educated, “monthly charges.”

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