As you are aware that the costs have grown within Pakistan and costs of services based on foreign exchange rates, especially dollar, have gone up considerably. Over the last three years, the US dollar has gone up more than 60%. PKNIC has continued to absorb the massive cost increases without changing prices for domains in many years. PKNIC valued resellers are also facing extra costs of doing business while the prices for domains have not changed at all. The price per domain which was set at Rs 1000 per year in 1998 (more than 20 years ago) is no more sustainable.
As a result, PKNIC are updating prices for domains. We at PKNIC understand the financial burden everyday price increases place on everyone so we are not increasing prices at the same rate as all the costs we all face have gone up. Instead, we are updating the prices nominally by Rs. 175 per domain per year. This will make it Rs 1175 per domain per year, up from the current Rs 1000 per domain per year.
New pricing will be effective after the second week of August, and until applicable the online system and PKNIC invoices will continue to show the old domain pricing (Rs 1000 per domain, or Rs 2000 for two years rate). The invoices issued before the price increase is in effect, can be paid at the old rate until the thirty-day invoice due date.
To meet their own rollout schedules, the resellers and vendors are free to apply new rate a bit earlier or later than when the new rates are effective on the PKNIC site.
Monday, July 29, 2019
Monday, July 29, 2019
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