{"id":624702,"date":"2023-09-02T17:40:36","date_gmt":"2023-09-02T15:40:36","guid":{"rendered":"https:\/\/pre.efe.com\/?p=624702"},"modified":"2023-09-02T17:49:38","modified_gmt":"2023-09-02T15:49:38","slug":"pakistan-traders-protest-over-soaring-electricity-bills-rising-inflation","status":"publish","type":"post","link":"https:\/\/pre.efe.com\/en\/latest-news\/2023-09-02\/pakistan-traders-protest-over-soaring-electricity-bills-rising-inflation\/","title":{"rendered":"Pakistan traders protest over soaring electricity bills, rising inflation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad, Sep 2 (EFE). Traders in Pakistan observed a shutter-down strike in most parts of the country on Saturday against soaring electricity bills and rising inflation.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/09\/rss-efe0a7d463dcb5b461ec934cbe3b4cc7957a6f4d3c2w.jpg\" alt=\"Supporters of Islamic political party Jamaat-e-Islami blocked the road as they shout slogans during a shutter down strike to protest against rising electricity bills inflation in Peshawar, Pakistan, 02 September 2023. EFE-EPA\/ARSHAD ARBAB\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The strike is part of the protests that began last weekend, prompting the government to hold emergency meetings without any outcome.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/09\/rss-efe8fb34d013d96494e212f02fff131883cfd213b1cw.jpg\" alt=\"Supporters of Islamic political party Jamaat-e-Islami shout slogans during a shutter down strike to protest against rising electricity bills inflation in Peshawar, Pakistan, 02 September 2023. EFE-EPA\/ARSHAD ARBAB\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Electricity consumers have complained about inflated electricity charges.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2023\/09\/rss-efe89391a19daa275e68142a410f97abce8c9f8a66cw.jpg\" alt=\"Supporters of Islamic political party Jamaat-e-Islami hold placards as they shout slogans during a shutter down strike to protest against rising electricity bills inflation in Peshawar, Pakistan, 02 September 2023. EFE-EPA\/ARSHAD ARBAB\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Trade unions and the religious-political party Jamaat-e-Islami had called for the strike, which had a partial effect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some shops were open in some places, even as social media videos showed people forcing shopkeepers to shut down their stories.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Video footage showed the protesters burning electricity bills, vowing not to pay them unless raised tariffs and taxes were withdrawn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last month, the National Electric Power Regulatory Authority (NEPRA) approved a hike of the average tariff by around 5 Pakistani rupees per unit, pushing the base from 24.82 rupees to 29.75 rupees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a NEPRA statement, the increase was \u201cmainly due to overall low sales growth, rupee devaluation, high inflation, exorbitant interest rates, and the addition of new capacities.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pakistan is battling rising inflation, increasing unemployment, and prolonged political instability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The country\u2019s currency has depreciated sharply since the interim government took charge in mid-August.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On Friday, the Pakistani rupee hit a record low of 305 against the United States dollar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the same day, petrol price increased from 290.45 rupees to 305.36 rupees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In late June, the government signed a crucial deal with the International Monetary Fund to secure a bailout package of $3 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It received the first tranche of $1.2 billion from the global lender as part of the nine-month standby agreement. EF<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">aa-ssk<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad, Sep 2 (EFE). Traders in Pakistan observed a shutter-down strike in most parts of the country on Saturday against soaring electricity bills and rising inflation. The strike is part of the protests that began last weekend, prompting the government to hold emergency meetings without any outcome. Electricity consumers have complained about inflated electricity charges. &#8230; <a title=\"Pakistan traders protest over soaring electricity bills, rising inflation\" class=\"read-more\" href=\"https:\/\/pre.efe.com\/en\/latest-news\/2023-09-02\/pakistan-traders-protest-over-soaring-electricity-bills-rising-inflation\/\" aria-label=\"Read more about Pakistan traders protest over soaring electricity bills, rising inflation\">Read more<\/a><\/p>\n","protected":false},"author":198164071,"featured_media":624706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[122140],"tags":[],"class_list":["post-624702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pakistan traders protest over soaring electricity bills, rising inflation - EFE<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan traders protest over soaring electricity bills, rising inflation - EFE\" \/>\n<meta property=\"og:description\" content=\"Islamabad, Sep 2 (EFE). Traders in Pakistan observed a shutter-down strike in most parts of the country on Saturday against soaring electricity bills and rising inflation. The strike is part of the protests that began last weekend, prompting the government to hold emergency meetings without any outcome. Electricity consumers have complained about inflated electricity charges. ... 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Traders in Pakistan observed a shutter-down strike in most parts of the country on Saturday against soaring electricity bills and rising inflation. The strike is part of the protests that began last weekend, prompting the government to hold emergency meetings without any outcome. Electricity consumers have complained about inflated electricity charges. ... 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