Federal cabinet, through circulation of summary, has approved an exemption for SSGC-LPG (Pvt.) Limited (SLL) on purchase of Liquefied Petroleum Gas (LPG) spot cargoes from the international market, it was learnt on Thursday.
Read MoreDay: May 18, 2023
Power Supply to Karachi May Be Cut Off
An official told a parliamentary panel on Wednesday that electric supply to Karachi might be shut down if the federal government did not pay subsidy to K-Electric (KE), a private company that supplies power to Pakistan’s economic hub.
Read MoreNon Determination Of Tariff by Nepra: KAPCO Threatens to Invoke Sovereign Guarantee
M/s Kot Addu Power Company Limited (Kapco) is said to have threatened to invoke sovereign guarantee if its tariff is not determined by National Electric Power Regulatory Authority (Nepra) as the role of the Senate Committee on Energy is ‘advisory’ in nature and it is not competent enough to issue directions, well-informed sources in Nepra told Business Recorder.
Read MorePetroleum Sector Circular Debt Rises To Rs1.7 Trillion
The Petroleum Division told the Public Accounts Committee that the circular debt of the petroleum sector has increased by more than Rs500 billion during one year from Rs1,200 billion to Rs1,700 billion.
Read MorePakistan Committed To Ensuring Generation Of Environment Friendly Energy Khurram
Conference 2023, he said Pakistan was moving fast on path of economic development, said a statement received here from Bangkok.
He said the share of environment-friendly energy in Pakistan had surged to over six per cent of the total country’s energy mix. The government had also plan to switch to 30 per cent electric vehicles by 2030, he added. He said complete ban on coal import by 2030 was also part of the plan.
Read MoreEU Unlikely To Agree To Permanent Shutdown Of Russian Gas Pipelines To Europe
The European Union is unlikely to agree to an idea to ban natural gas imports from the pipelines from Russia, where Moscow has already cut off the gas supply to Europe, EU diplomats have told POLITICO.
Read MorePakistan Risks $18 Billion Fine For Failing To Complete Iran Gas Project
Pakistan is facing penalties of as much as $18 billion if it fails to complete a gas pipeline project it is carrying out with Iran, local media have reported.
The project, which should supply some 750 million cubic feet of natural gas to Pakistan daily, has been fraught with difficulties, the chief among them
‘Cryptocurrency in Pakistan’ will never be legalized
Pakistan has firmly rejected the notion of legalizing cryptocurrency trading, citing concerns about potential risks, particularly in relation to terrorist financing.
Read MoreSolaX Energy Storage Solution, Your Best Investment for Next Decade
As load shedding occurs more frequently than ever, all sectors of South African society have been dramatically impacted. With no end in sight to the outages
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