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Electricity rates decreased for February bills

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The National Electric Power Regulatory Authority (NEPRA) has announced a drop in electricity costs by more than Rs1.22 per unit for a duration of one month, providing relief to electricity users nationwide.

A notification concerning the price reduction has been disseminated.

However, the reduction will not apply to lifeline consumers, electric vehicle charging stations, and consumers using more than 300 units.

Analysis of price reduction:
Distribution companies (DISCOs): Reduction of Rs1.22 per unit
K-Electric consumers: Reduction of Rs1.23 per unit
The price reduction has been enacted as a component of the December Fuel Price Adjustment (FCA). The decrease for DISCOs is determined by the FCA for December, however for K-Electric clients, the modification aligns with the fuel price fluctuation of November.

NEPRA’s notification verifies that the adjusted electricity tariffs will be evident in the February electricity bills for consumers nationwide.

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British High Commissioner and Finance Minister Discuss Economic Cooperation in the Context of Pakistan-United Kingdom Ties

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Pakistan and the United Kingdom have reached an agreement to strengthen their collaboration and investigate new potential in the commercial sphere.
Jane Marriott, the British high commissioner to Pakistan, had a meeting with Muhammad Aurangzeb, the finance minister, at the Finance division.
Economic Reforms, Financial Cooperation, and Initiatives Supported by the United Kingdom were some of the topics that were discussed.
In his presentation, the Minister of Finance emphasized the reform agenda of the government, with a particular focus on export-led growth and macroeconomic stability.
The United Kingdom’s support in development and governance programs was something he was grateful for.
The United Kingdom’s commitment to increasing economic ties was reinforced by Marriott, and the company also underscored the need of cooperation in public financial management and revenue mobilization.
In addition to that, she provided updates on the Remit Programme, which is centered on the principle of revenue mobilization and transparency.

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During the Anti-Electricity Theft Drive, more than 115,538 thieves of electricity were apprehended, and 148.27 billion rupees were recovered.

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In an effort to revitalize the national economy and handle the electricity crisis, the government is making efforts, and those efforts are showing results.
In the time since the authorities began their crackdown on electricity theft in September 2023, they have been successful in recovering Rs. 148.27 billion.
More than 115,538 individuals who stole electricity have been apprehended.
Over the course of the past week, a total of 109 individuals were apprehended and a total of Rs. 780.3 million was collected from power thieves across the country.
The authorities are resolute in their determination to carry on with their operations until the theft of electricity is eradicated across the nation.

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Improving Relations Between Countries: Pakistan and Yemen Have Strong Bilateral Ties, According to the Chairman of the Senate

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Syed Yousaf Raza Gilani, Chairman of the Senate, reiterated Pakistan’s long-standing and brotherly relations with Yemen, highlighting the cultural, historical, and religious ties that are shared between the two countries.
These opinions were voiced by him during a meeting that took place in Islamabad with Mohammed Motahar Alashabi, who is the ambassador of Yemen.
The conversation addressed a wide variety of subjects, with the primary emphasis being placed on improving bilateral relations, maintaining regional stability, and working together economically.
A statement was made by the chairman of the Senate regarding Pakistan’s ongoing commitment to provide support to Yemeni students and officials through the provision of scholarships, capacity-building initiatives, and professional training.

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