The China Power Hub Generation Company (Pvt.) Ltd (CPHGC) has sought the required funds for import of coal from Afghanistan as a deal is expected to be signed on Wednesday (today) and delivery will start from July 10, 2022. This was conveyed by Chief Executive Officer (CEO) CPHGC to CEO, CPPA-G on the proposed plan and progress to import coal…
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The net profit of Sui Northern Gas Pipelines Limited (SNGPL) shrank about 5% to Rs3.03 billion in the quarter ended September 30, 2021 mainly due to a significant increase in the cost of financing and administrative expenses. The company registered a profit of Rs3.18 billion in the same quarter (Jul-Sept) of previous year. Earnings per share of SNGPL dropped to…
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Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir has slammed Nepra for approving an unprecedented tariff hike of Rs7.90 per unit under fuel cost adjustment for May 2022. He termed it a very harsh decision as it would put an extra burden of Rs136 billion on the electricity consumers in their bills for July 2022. Speaking at…
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