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Discos seek massive Rs4.66 per unit hike in Jan power bills

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  • Increase stems from fuel charges adjustment for Nov. 
  • CPPA applies with Nepra to raise electricity prices.
  • Nepra schedules public hearing on December 27.

ISLAMABAD: Adding to the woes of already-strained power consumers, the power distribution companies (Discos), excluding K-Electric, have sought a massive increase in the January 2024 bills, The News reported Wednesday.

The Discos are seeking approval from the National Electric Power Regulatory Authority (Nepra) to levy an extra Rs4.6617 per unit on consumers for January 2024. This sought-after increase stems from the fuel charges adjustment (FCA) for November 2023.

The Central Power Purchasing Agency (CPPA), on behalf of Discos, has applied with Nepra to raise electricity prices under the November 2023 FCA. 

Nepra has scheduled a public hearing on December 27 to review the November FCA and has invited all interested or affected parties to present written or oral objections as permitted by law. 

According to the CPPA’s application, the total electricity generated in November amounted to 7,547 gigawatt-hours (GWh), priced at Rs7.1704 per unit. The overall energy cost was Rs54.113 billion.

Hydel power contributed 2,755 GWh (36.50%), incurring zero power generation costs. Coal-fired power plants produced 1,473 GWh (13.08%), with a total cost of Rs15 billion (Rs15.27/unit), combining local and imported coal sources (987 + 486 GWh).

Gas-based power plants generated 695 GWh (9.21%) at Rs14.6197 per unit, while Re-gasified Liquefied Natural Gas (RLNG) contributed 798 GWh (10.57%) at Rs23.7171 per unit.

Additionally, power from bagasse amounted to 27 GWh at Rs6 per unit. Wind power recorded 148 GWh (1.96%), and solar power contributed 50 GWh (0.66%) of the total generation in November.

Nuclear power sources produced 1,572 GWh (20.83%) at Rs1.2071 per unit, while electricity imported from Iran accounted for 30 GWh (0.39%) at Rs27.7281 per unit. Data from CPPA-G submitted to Nepra indicates that the net electricity delivered to Discos in November was 7,288 GWh (96.57%) at a rate of Rs9.444 per unit, with a total cost of Rs68.834 billion.

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The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

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As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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FBR lowers Karachi’s built-up structure property valuation rates

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A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.

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