Tue, 21-Oct-2025

Saudi Arabia provides $4.2 billion lifeline to Pakistan

Pakistani Saudi Arabia

Saudi Arabia has agreed to deposit $3 billion with the State Bank of Pakistan to support the country’s depleting foreign exchange reserves and mitigate the negative impact of Covid-19 on its economy, the Saudi Press Agency reported on Tuesday. Additionally, the kingdom has also approved $1.2 billion on oil deferred payments. “The Saudi Fund for … Read more

In power tariff Nepra approves Rs1.38/unit hike

CPPA seeks Rs4.75-per-unit hike in power tariff

The National Electric Power Regulatory Authority (Nepra) agreed to a hike of Rs1.38/unit in electricity price.

As per a notification issued, the fuel price modification will be valid only on the bills for the month of September 2021, further that the fuel price adjustment will be applicable to all customers excluding Lifeline and K-Electric (KE).

The Central Power Purchasing Agency (CPPA) had demanded Nepra for a surge of Rs1.47 per unit. The authority held a public hearing on September 1, 2021, and accepted surges in power tariffs.

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