Pakistan’s leading energy provider, K-Electric, has submitted a request for $5.8 billion in adjustments to its tariffs for the past seven years to the National Electric Power Regulatory Authority (NEPRA). The company has requested a 43 billion rupee adjustment to cover the end-of-term costs, and an additional 15 billion rupees to cover tax and other expenses. According to a spokesperson for the company, providing free electricity to consumers is not feasible, as the tariff is uniform across the country. The NEPRA is set to hear K-Electric’s request on April 22, 2026.
The Authority has also invited public and stakeholders’ comments on the matter. Meanwhile, the price of gold in the country has dropped after a slight increase. The last closing price of the Karachi Stock Exchange was 1.51 lakh 207 points. The prices of different benchmark marks have reached a high level. In the past year, petrol prices have increased by 48.61%, while diesel prices have increased by 101.18%. According to sources from the Ministry of Commerce, Pakistan’s textile imports have increased on a monthly basis. The gold prices in the country’s currency markets are still on a high rise. According to the government, Pakistan has secured a commitment of over $5 billion from two friendly countries.
Gas supply will be suspended from 10 am to 12 pm today. The last closing price of the Karachi Stock Exchange was 1.50 lakh 398 points. The value of Iranian currency in Pakistan has increased during the ongoing war between Iran and the US and Israel. Dealers and shopkeepers selling LP gas at high prices will be subject to operations from today. Consumers say that LP gas is being sold at a price of 200 rupees more than the government’s rate. The price of LP gas has reached 530 rupees per kilo in the district. In the PSX, the last business week closed at 150,398 points, a decrease of 1,308 points from the previous week. The Vice Chairman of the All Pakistan Petroleum Pumps Association, Naeem Butt, expressed his concern about the increase in petroleum product prices. The Federal Bureau of Statistics has released a weekly report on inflation. According to an American newspaper, the Iranian authorities claim that Pakistan has been informed of the decision. Iranian Supreme Leader Ayatollah Ali Khamenei said that the threats and destruction of war criminals are a sign of their desperation. Saudi Arabia has shown restraint and caution despite severe provocations, according to the Commanders’ Conference. US Vice President JD Vance said that an answer is expected from Iran before 8 pm today. A leading American magazine has highlighted the risks to the global financial balance due to the Iran war.
