Petroleum dealers on Saturday warned the government of a countrywide strike if the latter tried to railroad the proposed oil sector deregulation plan without bringing them and other stakeholders on board, The News has learnt. “We will reject the decision, if taken behind our back,” said Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), at a ceremony. “It is…
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Pakistan can’t win for losing. The South Asian country of over 230 million people was already hit by a perfect storm of economic and political difficulties this year; it has now been devastated by the most severe and catastrophic flooding in recent memory. Over 1,400 people and 800,000 livestock have died, about 1 million homes have been destroyed, and more…
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Climate change is playing havoc with the economic and social fabric of the country. The numbers are grim and point towards the enormity of the challenge ahead. The recent floods have inundated more than 250,000 km2 of land. Agriculture crops have been destroyed over an area of one million acres. Millions of animals are facing acute shortage of fodder, which…
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It is interesting to note that in the 1970s and 80s, and even today, power and gas were often provided in sub-urban or rural localities to gain political mileage. I remember watching TV clips of the same. Somehow a basic right is shown as a favour. Contrastingly, today the public acknowledges power as their basic right but pays the bills…
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Continuous ban on the provision of new gas connections is not only irking the consumers but also increasing the backlog of the Sui Northern Gas Pipelines Limited (SNGPL). The situation may worsen as there is no hope of lifting the ban by the government keeping in view the depleting indigenous gas reserves, increasing dependency on the import of Liquefied Natural…
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Financial advisers of the National Power Parks Management Company Limited (NPPMCL) — which owns and operates two LNG-fired plants with a combined capacity of around 2,500 megawatts — have asked the government to immediately finalise gas-sale and power-purchase agreements, debt recapitalisation and payment mechanism if it wanted an early sale of the two units to Qatar. The government is trying…
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Petroleum dealers on Saturday warned the government of a countrywide strike if the latter tried to railroad the proposed oil sector deregulation plan without bringing them and other stakeholders on board, The News has learnt. “We will reject the decision, if taken behind our back,” said Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), at a ceremony. “It is…
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WITH K-Electric’s (KE) move to increase per-unit charges and the failure of the National Electric Power Regulatory Authority (Nepra) in not finding anything wrong with it, new fuel adjustment charges have added to the worries of the people of Karachi. The KE has only increased its customers’ anxiety and mental agony as it levied fuel adjustment charges on units consumed…
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The National Electric Power Regulatory Authority (Nepra) has announced a deduction of Rs4.11 per unit in power tariff for K-Electric consumers in electricity bills for September. According to a notification, the decline in tariff was made under fuel adjustment charges and the K-Electric consumers will get a relief of Rs4.11 per unit in September. The lifeline consumers of the power…
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Pakistan State Oil (PSO) has urged Power Division to revisit furnace oil demand for the month of October 2022, keeping in view considerable variance in demand and upliftment in September 2022, well informed sources told Business Recorder. PSO, in its three letters written in May, June, July and August 2022, had firmed up its supply plan in line with Ministry of…
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