State Bank of Pakistan cut its key policy rate
The State Bank of Pakistan (SBP) has announced a cut to its key policy rate by 250 basis after inflation dropped to single digit. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basispoints to 15 percent, effective from November 5, 2024″,
K-Electric refutes reports of Rs 5.76 per unit power tariff hike
K-Electric has dismissed reports circulating in some media outlets of a Rs 5.76 per unit increase in electricity tariffs, labeling them as inaccurate. According to a company spokesperson, the actual increase will be 99 paisa per unit in September and Rs. 2.59 per unit in October. The spokesperson explained that,
Father of two takes his own life over massive electricity bill
Trigger Warning SUICIDE WEB DESK: A man facing financial distress took his own life in Dhok Sadu, Taxila, unable to pay a substantial electricity bill, sources revealed on Thursday. The deceased, Malik Tahir, reportedly had a heated argument with his siblings over the unpaid electric bill, escalating into a serious
LHC orders review of electricity tariffs amid consumer petition
Lahore: The Lahore High Court (LHC) has issued a written order scheduling the next hearing for a petition challenging the imposition of protective and non-protective tariffs on electricity consumers. Responding to the petitioner’s concerns, the Supreme Court has directed the public prosecutor to attend the forthcoming session with specific instructions.
Govt approves massive increase in per unit electricity price
The government has approved a significant increase in electricity prices, raising rates by up to 51% or Rs7.12 per unit starting in July. This is the highest percentage increase for lower-income groups. As a result, 32.5 million consumers, mostly households, will have to pay an additional Rs580 billion this fiscal
Rub say dua kar raha hon mujhay maut dey dy: Rashid Mehmood laments over inflated electricity bill
WEB DESK: Renowned Pakistani actor Rashid Mehmood has taken to social media to voice his deep distress over the exorbitant electricity bills he faces. In a heartfelt video shared on his Facebook, Mehmood, who has been unemployed due to limited opportunities for senior artists, highlighted his inability to cope with
Pakistan’s weekly price index rises sharply
ISLAMABAD: The Weekly Sensitive Price Indicator (SPI) for the Combined Group saw a notable increase of 1.3 per cent for the week ending June 13, 2024, marking a significant 23.03 per cent rise compared to the same period last year, according to data from the Pakistan Bureau of Statistics (PBS).
