Power crisis in Pakistan: This time it is fuel not politics

Updated : Apr 19, 2022 10:13
|
EJ Biz Desk

It is another crisis Pakistan, but this time it is not political but one with actual power. Pakistan is cutting electricity to households and industry for upto 12-16 hours as the country can no longer afford to buy coal or natural gas from overseas to fuel its power plants.

Also read/watchMoney laundering, terror financing - biggest risk of crypto: FM Sitharaman

Another Blow to the common man

The power shortfall has surged to around 4,500 megawatts. The circumstances are grave as big cities are facing hourly power outages during peak hours. In rural areas, people are not getting electricity from 12 to 16 hours.

Also read/watch| India: 12 states could see power crisis soon

Meanwhile, the unannounced electricity load-shedding has also caused a water crisis in major cities of Punjab and other provinces. Major cities like Lahore and Karachi are facing a rather distressing situation due to the non-operation of tubewells because of the outages and the squeezed timetable.

Electricity charges go up by Rs 4.8 per unit

As the outage issues in Pakistan’s major city continues, Pakistan's Prime Minister Shehbaz Sharif allowed power distribution companies to increase tariffs and charge power consumers more.  

Citizens will now have to pay an additional cost of Pakistan Rupees 4.8 per unit for the electricity they consumed since February. 

Pakistan Inflation HikePower Crisisinflation witch

Recommended For You

editorji | Business

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

editorji | Business

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

editorji | Business

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

editorji | Business

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

editorji | Business

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights