Karachi is once again suffering from prolonged spans of unannounced power outages amid hot weather as the main power provider of the city has failed to meet the city's electricity consumption needs.
K-Electric has again begun to carry out unannounced loadshedding in the port city. Different areas of the metropolis, including Federal B. Area, are facing six hours of unannounced loadshedding.
Several areas — including those exempt from loadshedding — such as North Karachi, Liaquatabad, North Nazimabad, Nazimabad, Gulshan-e-Iqbal, Korangi and Clifton are facing interruptions in power supply.
When contacted, the power utility reiterated its oft-repeated position, saying it has not enhanced the span of power outages in the city nor was any change made in the loadshedding schedule.
Earlier this week, the KE announced that the first unit of K-Electric’s Bin Qasim Power Station 3 (BQPS-III) is currently offline following a fault identified during a test. It said, however, that no additional loadshedding will be carried out.
Per a statement by the K-Electric, "Currently, the power supply to the city is as per the routine schedule announced on June 30th 2022 and available on KE website."
The Prime Minister Shehbaz Sharif-led incumbent government had earlier pledged to surmount the issue of power shortfall. Last month, PM Shehbaz said the federal government was making all-out efforts to revive the stalled power plants to put an end to the huge energy crisis faced by the country.
The rupee extended its gains in the interbank market for the third consecutive day on Tuesday, rising to 238 against the dollar. The local currency, which closed at 238.84 yesterday, gained 84 paise by 10:33am, according to the Forex Association of Pakistan (FAP). Overall, the PKR has gained nearly Rs2 in the interbank market since Friday. It gained 57 paise on Friday, followed by 53 paise in this week’s opening session. Prior to that, the local currency had been on a consistent decline since July 16. More to follow. Source link
https://www.news.qm.com.pk/pkr-gains-84-paise-in-interbank-market-business/?feed_id=137176
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