Cabinet approves Re1 cut in electricity tariff

News Image

MG News | January 12, 2022 at 10:21 AM GMT+05:00

January 12, 2022: The federal cabinet meeting, chaired by Prime Minister Imran Khan on Tuesday, approved a Re1 per unit cut in electricity tariff for the next three months to provide relief to the people.

The cabinet rejected a proposal of the energy ministry and approved the recommendation of the National Electric Power Regulatory Authority (Nepra) to reduce electricity prices by 0.991 paisas per unit, Minister for Information and Broadcasting Chaudhry Fawad Hussain said while briefing media in Islamabad yesterday.

Meanwhile, the cabinet approved the import of urea from China and the privatization of Guddu and Nandipur power plants.

He said the cabinet also approved the launching of a Housing Project on 400 kanals for overseas Pakistanis.

The information minister said overseas Pakistanis can procure apartments in this project through Roshan Digital Accounts.

He said the government will fetch around two billion dollars through this project. He said the cabinet was also directed to frame a policy to enable foreigners to procure land in Pakistan.

Chaudhry Fawad Hussain said the cabinet was also briefed about the COVID19 situation in the country.

He said it has been decided that no lockdown will be imposed in the country as Pakistan's economy cannot afford this. He, however, appealed the people to observe precautionary measures, especially wearing face masks at public places to prevent the spread of the virus.

Regarding Electronic Voting Machines, the information minister said the Ministry of Science and Technology has been directed to provide EVMs to the Election Commission to hold the next elections in Islamabad through these machines to ensure transparency.

Radio Pakistan

 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 60,795.00 61,150.00
60,590.00
960.00
1.60%
BRENT CRUDE 72.34 73.51
72.27
-1.40
-1.90%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 126.50 126.50
125.90
0.50
0.40%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 69.13 70.21
69.05
-1.21
-1.72%
SUGAR #11 WORLD 14.01 14.09
13.81
0.06
0.43%

Chart of the Day


Latest News
June 24, 2026 at 06:36 PM GMT+05:00

Shifa earns historic dual JCI honor


June 24, 2026 at 06:15 PM GMT+05:00

SCRA balance drops Rs915m to Rs26.3bn


June 24, 2026 at 05:00 PM GMT+05:00

Pakistan showcases basmati, eyes deeper EU trade ties



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg