ISLAMABAD: Pakistan’s National Electric Power Regulatory Authority (NEPRA) on Wednesday authorized distribution companies to levy a Rs2.83 per unit additional charge on consumers’ bills for May, with the move likely to fuel inflation in a country already suffering an economic crisis. 

A notification by NEPRA seen by Arab News stated that the fuel cost adjustment pertains to March, adding that the additional charges would apply to all consumer categories except “Electric Vehicle Charging Stations (EVCS) and lifeline consumers.”

“The said adjustment shall be shown separately in consumers’ bills on the basis of units billed to the consumer in the month of March 2024,” the notification said. 

Pakistan has been caught in a high inflationary spiral since April 2022, with the highest-ever inflation rate recorded at 38 percent in May 2023. The government credits soaring inflation to painful decisions it had to take to meet conditions for an International Monetary Fund (IMF) bailout program, including hiking energy tariffs and fuel prices.

Gas and electricity rates were hiked by 318.7 percent and 73 percent respectively in a year, according to official data.

The price hikes come as Pakistan is set to begin discussions with the IMF this month over a new multi-billion-dollar loan agreement after completing its nine-month, $3 billion loan arrangement with the lender. 

Under the last IMF bailout, Pakistan was told to prevent further accumulation of circular debt in its power sector, arising from subsidies and unpaid bills. For a new program, the South Asian nation will need to implement reforms to reduce costs by improving electricity transmission and distribution, moving captive power into the grid, improving governance, and combating theft. 

It will also have to maintain power and gas tariffs at levels that ensure cost recovery, with adjustments made to safeguard the financially vulnerable, through existing progressive tariff structures.
 

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday declared an “education emergency” across Pakistan on Wednesday, vowing to personally oversee the program which he hoped would enroll over 26.2 million out-of-school children in educational institutions. 

Pakistan has the second-highest population of out-of-school children in the world at 26.2 million, according to Unicef Pakistan. Pakistani experts have identified population growth, lack of localized strategies, and economic issues as the main reasons why over 26 million Pakistani children are not enrolled in schools across the country. 

A report by Pakistan’s education ministry in January revealed that out of 26.2 million out-of-school children, 11.73 million are in Punjab, 7.63 million in Sindh, 3.63 million in Khyber Pakhtunkhwa (KP) and 3.13 million in Balochistan province.

Speaking at an event titled “National Conference on Education Emergency,” Sharif said enrolling millions of children back into schools was a “tall order” that could be achieved with conviction. 

“I declare from this moment an emergency in education all over Pakistan,” Sharif told members of the conference, which included federal ministers, parliamentarians, vice-chancellors, and diplomats. 

The Pakistani prime minister said he would personally oversee the national program, adding that he would meet the chief ministers of all four provinces in the country for the sake of Pakistani children and their future. 

“This is about our children and our future,” Sharif said. “This is a very challenging task, no doubt. But nations which had faced difficulties and defeat in the past arose from the ashes of defeat.”

He hoped provincial governments in Pakistan would help the center in achieving its goal of promoting education in the country and transforming it into an educated nation. 

“I guarantee, if we move in unison to find our space, Pakistan will become one of the most educated societies one day soon,” he remarked.