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Why Karachi’s Electricity Got Cheaper? While others it’s expensive across the country?

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Why Karachi's Electricity Got Cheaper? While others it’s expensive across the country?

ISLAMABAD: In a recent tariff adjustment, the National Electric Power Regulatory Authority (NEPRA) has created a notable disparity in electricity prices across the country, bringing relief to Karachi while increasing the burden on consumers elsewhere. According to NEPRA’s latest notifications, electricity prices for K-Electric customers have been reduced by Rs. 2.99 per unit. This adjustment, … Read more

KCCI prompts Nepra for urgent hearing

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has prompted the National Electric Power Regulatory Authority (Nepra) to hold an urgent hearing of the stakeholders of Karachi regarding electricity issues.

KCCI president wrote a letter to Nepra Chairman Waseem Mukhtar regarding inflated electricity costs.

The letter held the government and K-Electric (KE) responsible for exorbitant electricity bills in Karachi. It also entailed a formula to decrease the cost of electricity in Karachi.

The Chairman of Nepra has been requested to consider the points mentioned in the letter on an urgent basis.

KCCI President has called the Power Holding Limited (PHL) surcharge imposing Rs3.23 per unit on the consumers unjust.

As per the letter, KE is charging 3 to 5 Rupees higher than other distribution companies (Discos) for fuel adjustment. Also, Karachi remains unpaid as far as the promised subsidy of Rs33 billion — during COVID-19 — is concerned. Karachi electricity consumers are being charged a Rs1.52 unit additional surcharge. Solving these issues may decrease electricity costs by 7 to 8 Rupees.

Nepra has been requested to call the stakeholders of Karachi for an urgent hearing.

[embedpost slug=”nepra-further-increases-tariff-by-rs3-33-unit-under-fca/”]

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Nepra conducts public hearing on KE investment plan 2023/30

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Nepra

KARACHI: The National Electric Power Regulatory Authority (Nepra) has conducted a public hearing on KE’s seven-year investment plan in transmission and distribution, a statement said. The hearing was held in Islamabad with many attendees joining virtually, as well. The KE management shared details of the plan and projects being undertaken over the period from FY24 … Read more

K-Electric considering power outages for industries

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K-Electric

Exempted feeders may also be subjected to load-shedding for three to five hours each day. On KE’s the average demand for energy is currently 3,200-3,300 megawatts, with an average shortfall of 400MW. Similarly, furnace oil has doubled in price to Rs150,000 per tonne, up from Rs74,000-75,000 per tonne a year earlier. K-Electric provides electricity to … Read more

Karachi’s power consumers paying huge cost of KE-SSGC rift

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Karachi’s power

KARACHI: The electricity in January is going to cost Karachi consumers way more, as the power utility has expressed its inability to produce cheaper electricity due to gas shortages. The K-Electric has sought an increase of 32 paisas/kWh in consumer tariff for November under the fuel cost adjustment (FCA), which is in addition to Rs5.182/kWh … Read more

KE shuts down 340 feeders in Karachi as ‘precautionary measure’ after rain

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KE temporarily turns off 340 feeders during rain for caution in Karachi

K-Electric (KE) on Monday deliberately switched off 340 feeders out of 1900 as a precautionary measure in some areas of Karachi after rain with a high risk of electrocution but claimed that the utility would supply power to most parts of the city as per routine. Read more: Karachi, other parts of country likely to … Read more

KCCI supports general industry against gas supply suspension

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KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has said that it fully supports general industries’ resistance against the suspension of gas supplies, as it would not only affect their own production but would also have a severe impact on the export-oriented industries, as well because both were linked with each other and it … Read more

KCCI urges KE to shut down inefficient power generation plants

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KARACHI: Businessmen Group (BMG) chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) president Muhammad Idrees have expressed concerns over high production cost of electricity being generated by the K-Electric (KE), and urged the power utility to shut down inefficient power generation plants, while the power generation mix must also be improved to … Read more

K-Electric launches WhatsApp service

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K-Electric launches WhatsApp service

K-Electric (KE) became Pakistan’s first power utility to use WhatsApp messaging app to facilitate consumers. KE introduced a facility to enable consumer’s easy access to the complaint department for registering complaints any time via using WhatsApp messaging app. Consumers should register themselves for the group by sending their 13-digit account number on the given mobile … Read more

KE seeks regulator’s nod for competitive procurement of energy from solar projects

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K-Electric requests

KARACHI: The K-Electric Limited (KEL) has approached the National Electric Power Regulatory Authority (Nepra), seeking approval to carry out competitive bidding for the procurement of energy from three solar projects in Balochistan. These three solar plants of 50MW capacity each are situated in Vinder, Bela and Uthal in Balochistan. In this regard, the K-Electric has … Read more

KCCI, majority interveners boycott Nepra’s hearing

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kcci

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) along with the majority of interveners boycotted the proceedings of the National Electric Power Regulatory Authority’s (Nepra) public hearing on Thursday to strongly protest a very arrogant, indecent and non-business-friendly attitude of the Nepra chairman, a statement said. According to a statement issued by the KCCI, … Read more

KE facilitation desk activated for KCCI members

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KARACHI: To facilitate members of the business and industrial community, K-Electric’s temporary facilitation desk has been established at the Karachi Chamber of Commerce and Industry (KCCI) to assist the members, which were activated from August 31, 2021, a statement said on Tuesday. The facilitation desk was inaugurated jointly by KCCI senior vice president M Saqib … Read more

NCCPL publishes capital gains, tax rates

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NCCPL

NCCPL (National Clearing Company of Pakistan Limited) has made changes in the Capital Gain Tax (“CGT”) System vide Finance Act, 2021, Per the announcement of the budget.

For the years 2021 and 2022, the capital gain tax has increased for investors that are not appearing in the FBR ATL (Active Taxpayer List), as per the notice of NCCPL. To expand the number of taxpayers the government made the decision.

According to the announcement, no CGT will be charged to investors at the Pakistan Stock Exchange (PSX) who purchased securities before July 1, 2013. Investors appearing in ATL will have to pay 12.50 percent CGT on securities acquired on or after July 1, 2013, while investors not appearing in ATL will pay 25.00 percent CGT.

If the security is held for longer than four years, no CGT will be charged for mutual funds investors. Whereas, for people, associations of persons, and corporations trading in stock funds, if the fund’s dividend receipts exceed capital gains, a CGT of 10.00 percent will be imposed on ATL investors, while a CGT of 20.00 percent will be imposed on non-ATL investors.

KE stated, “Bill of over Rs25,000 per month: 7.5pc tax on non-filers effective from July 1”.

Individuals, partnerships, and corporations dealing in stock funds will face a 12.50 percent CGT if dividend receipts are smaller than capital gains, whilst non-taxpayers will face a CGT of 25.00 percent.

Whereas people who are associated with other funds CGT of 10.00% will be applicable on investors that are taxpayers, while who are non-taxpayers CGT of 20.00% will be applied on them. However, for corporate dealing in other funds, on taxpaying investors, 25.00% of CGT will be applicable and 50.00% on non-taxpayers.

According to the notice, a 5.00 percent CGT will be applied to investors appearing in ATL for future commodity contracts put into by members of the Pakistan Mercantile Exchange, while a CGT of 10.00 percent would be applied to investors not appearing in ATL.

[embedpost slug=”the-government-plans-to-sell-20-of-its-stake-in-pakri-through-the-psx”]

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Excessive load shedding adds to Karachi’s miseries amid summer heat

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Electricity prices Karachi

Lengthy power failures and load shedding hit several areas of Karachi on Wednesday, adding to the citizens’ grief amid rising temperatures. Areas that were previously exempted also faced power outage, including Tariq Bin Ziyad Housing Society, Shah Faisal Town, Karachi Admin Society, Saadi Town, and PECHS Block 2 which are facing outages since 9 am. … Read more

JI to protests against K-Electric from June 7

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Protests will take place in several areas of Karachi from June 7 against the K-Electric, Jamaat-e-Islami’s Karachi chief said on Saturday. The party will hold a sit-in outside the K-Electric’s office on June 12, announced Hafiz Naeem Ur Rehman, JI’s Karachi chief The party has been protesting against the hour-long power outages across Karachi for … Read more

SHC dismisses petitions against the privatization of KE

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SHC

On Thursday, the Sindh High Court dismissed the petitions filed against the privatization of Karachi Electric (KE). According to the details, the KE Labour Union had approached the court in 2005 against the government’s decision to privatize the power utility. The judgment was reserved by a two-judge bench of the SHC, comprising justices Aqeel Ahmed … Read more

K Electric’s unannounced loadshedding continues in Karachi

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K Electric's unannounced loadshedding continues

The power situation in Karachi has deteriorated further due to heavy rain. According to details, power has been cut off in different parts of Karachi since last night. Power outages in several blocks of Gulshan-e-Iqbal including Gulshan-e-Iqbal Block-13 D-1, Block-13 D-2 and Gulistan-e-Jauhar, Azizabad. [embedpost id=”50366″ slug=”k-electrics-bin-qasim-power-plant-malfunction-power-supply-suspended”] However, due to power outage since last night, … Read more

Everybody is pointing fingers at K Electric, its license should be suspended: SHC

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Everybody is pointing fingers at K Electric, its license should be suspended: SHC

The Sindh High Court, while hearing the petition against load shedding in Karachi areas despite the exemption, hinted at suspending the license of K Electric and remarked that everyone is pointing fingers at K Electric, its license should be suspended. The apex court heard a petition in Karachi against power outages in areas exempted from … Read more

K Electric’s license is about to be suspended, claims Amir Liaquat

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K Electric's license is about to be suspended, claims Amir Liaquat

KARACHI: Pakistan Tehreek-e-Insaf (PTI) National Assembly member Dr Amir Liaquat Hussain has claimed that K Electric’s license is about to be suspended. In his tweet on the social networking website, Dr Amir Liaquat Hussain said that K Electric is not an institution of angels descending from the sky. He said that the people of Karachi … Read more

NEPRA approves revision in electricity prices

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NEPRA approves revision in electricity prices

The National Electric Power Regulatory Authority (NEPRA) has approved the revision in electricity prices, an increase of Rs 4.26 per unit for five months. Consumers will have to pay an additional Rs 30 billion. NEPRA also approved a reduction of Rs 3.10 per unit for three months. The burden of increasing the price of electricity … Read more

NEPRA issues show cause notice to K Electric

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NEPRA issues show cause notice to K Electric

NEPRA has issued show cause notice to K Electric. According to details, NEPRA’s investigation team is investigating the ongoing load shedding in Karachi. [embedpost id=”50366″ slug=”k-electric-continues-its-stubbornness-claims-of-ceo-turned-out-false”] NEPRA’s investigation team informed the higher authorities about the investigation and said that a show cause notice has been issued to K Electric keeping in view all the investigations. … Read more

K Electric warns residents of Karachi

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K Electric

A spokesman for K Electric warned the people of Karachi to be careful in case of rain and strong winds. In a statement, the spokesman for K Electric said that obtaining electricity from illegal sources could be deadly, citizens should stay away from broken wires, power poles and PMTs, take special care of children in … Read more

Bad news for Karachi Electric’s consumers

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surge in the power tariff for Karachi Electric (KE).

The National Electric Power Regulatory Authority (NEPRA) has approved a surge in the power tariff for Karachi Electric (KE). According to details, notification has issued to increase Electricity tariffs for K-electric on account of 36-month’s fuel adjustments and after this electricity tariff will surge by one rupee 40 paisa per unit. The tariff surge would … Read more

KE decides to take action against encroachment around their installments

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KE action against encroachment

Karachi Electric (KE) has decided to take action against encroachment on their installments in the city. The action will be taken from 19 august against internet, TV, cables using KE infrastructure. According to the spokesperson KE concerned institutions have been warned to remove their encroachment from KE infrastructure. Spokesperson KE said that internet and cable … Read more

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