P Islamabad [Pakistan], February 28 (ANI): Pakistan’s Power Regulatory Authority on Monday said that it is likely to increase the power tariff by PKR 5.95 per unit underthe monthly fuel adjustment plan.The Central Power Purchasing Agency (CPPA) filed a petition and urged an increase of Rs 6.10 for the month of January 2022 under monthly fuel adjustment however before the…
Read MoreMonth: March 2022
Khan After Putin Visit: Pakistan to Import Wheat, Gas from Russia
Pakistani Prime Minister Imran Khan announced Monday that his country will import about 2 million tons of wheat from Russia and buy natural gas as well under bilateral agreements the two sides signed last week during his official trip to Moscow. Khan pressed on with his two-day visit and met with President Vladimir Putin at the Kremlin on Thursday, hours…
Read MoreEnergy challenge
WITH global gas prices soaring to new highs in the aftermath of the ongoing military conflict between Russia and Ukraine, Pakistan’s energy chaos is going to aggravate. The government is left with no choice but to either buy expensive LNG — if and when available — in order to meet the fuel requirements of the country’s power sector and industry,…
Read MoreLatest Petrol Prices in Pakistan – 1 March 2022
The Government has announced a massive reduction in the Petrol Prices in Pakistan from 1 March 2022 on the directives of Prime Minister Imran Khan to provide relief to general public amid the rising inflation rate in the country. The announcement was made by Prime Minister Imran Khan during his address to the nation on Monday. According to the announcement, Petrol Price in Pakistan has been…
Read MoreLesco issues notices to owners having houses under transmission lines
The Lahore Electric Supply Company (Lesco) has issued notices to as many as 650 people for ‘unlawfully’ constructing houses and the buildings for various uses under the high voltage lines emanating from grid stations for power distribution to consumers. The Lesco issued notices to the people in the areas of Lahore, Kasur, Sheikhupura, Nankana and Okara keeping in view various…
Read MoreOil prices could determine how markets react to Russia’s Ukraine invasion
The U.S. and allies have sanctioned Russian banks and its central bank, and so far the markets are not showing signs of strain. But it’s oil that strategists are watching, since it could drive inflation, affect the economy and affect Federal Reserve policy. “Whatever happens with oil will reverberate across all the other markets … even though the sanctions so…
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