The Water and Power Development Authority (Wapda) has proposed an appraisal session with Prime Minister Shehbaz Sharif in presence of Ministers for Finance, Water Resources and Planning, Development and Special Initiatives
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Finance Minister Ishaq Dar on Thursday announced that the federal budget for fiscal 2024 would be presented on June 9 and insisted that Pakistan would not default on any foreign liability, with or without an IMF programme.
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THE government has told the International Monetary Fund (IMF) it would not implement a fuel subsidy programme as the two sides negotiate a long-delayed $1.1 billion bailout for the country, Bloomberg News reported on Thursday.
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The Ministry of Finance has refused to pay for the cost of inefficiency or for clearing arrears of the China-Pakistan Economic Corridor (CPEC) energy projects and has instead proposed subsidies worth over Rs975 billion for the power sector, 37% less than the money demanded.
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Karachi residents are set to face a significant financial burden, as the National Electric Power Regulatory Authority (NEPRA) has permitted K-Electric to levy an extra charge of Rs3.9342/unit on consumers in May 2023 for monthly Fuel Charges Adjustments (FCA) for March 2023.
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Lahore and other cities may face a shortage of petroleum products as the oil marketing companies failed to maintain their supply due to the violent protests triggered by the arrest of Pakistan Tehrik-e-Insaf Chairman Imran Khan on Wednesday.
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ISLAMABAD-NEPRA has issued show-cause notice to Islamabad Electric Supply Company Limited (IESCO) for causing delay in the completion of two renewable energy projects, resulting in billions of rupees loss to the national exchequer.
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Water and Power Development Authority (Wapda) has accused Peshawar Electric Power Supply Company (Pesco) of not cooperating in supply of electricity to affectees of Dasu Hydropower Project as per agreement. Chairman Wapda Lt General Sajjad Ghani (retd) in a letter to Secretary Power Division explained
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The industrial sector termed the overbilling by Sui Southern Gas Company (SSGC) ‘unacceptable’ and demanded the company to withdraw its additional bills, a statement said on Wednesday. Industries complained about the SSGC’s additional billing to the consumers across the province.
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Power Division is said to have opposed diversion of 110 MMCFD gas of Mari Gas from Thermal Power Station (TPS) Guddu to two urea plants, saying that any such attempt will result in waste of significant investment made by the government of Pakistan in the plant and assets at TPS Guddu, well informed sources told Business Recorder.
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