KARACHI: Federal Minister for Energy Khurram Dastgir on Friday said the government would provide Rs322 billion in tariff differential subsidy (TDS) to power consumers through distribution companies (discos) across the country. Addressing a press conference along with National Transmission and Dispatch Company Managing Director Rana Jabbar, the minister said that consumers of Karachi would receive Rs171 billion in TDS via…
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ISLAMABAD: The Board of Directors (BoD) of Government Holding (Private) Limited (GHPL), the fifth largest oil and gas exploration and production (E&P) company in Pakistan, has established unique criteria for the appointment of a Managing Director. The criteria deviate from conventional norms by reducing the required experience and age by half compared to previous standards and industry counterparts. The company…
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KARACHI: Sui Southern Gas Company (SSGC) has decided to restore gas supply to industries and their power generating units, effective from 8:00am on Saturday, June 17, 2023, it said on Friday. According to SSGC, after the change in the direction of Cyclone Biparjoy, weather has improved and the LNG terminals have become operational. Taking this change into consideration, the management…
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LAHORE: Injection of gas supply into SNGPL’s network from a newly discovered gas field namely Wali (Bettani) in District Lakki Marwat of Khyber Pakhtunkhwa has started on Friday, a statement said. The Oil and Gas Development Corporation (OGDCL) discovered Wali gas field last year. Prime Minister Shehbaz Sharif and Federal Ministry of Energy (Petroleum Division) had directed Sui Northern Gas…
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KARACHI; The State Bank of Pakistan (SBP) on Friday night announced that it has received $1 billion from China, without sharing any other details about the nature of this inflow. Pakistan reportedly paid $1bn to China last Monday against a reportedly due amount of $1.3bn. Finance Minister Ishaq Dar was hopeful for the return of $1bn. The dwindling foreign exchange reserves and…
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ISLAMABAD: Rejecting K-Electric’s demand for 49 paise per unit increase, the National Electric Power Regulatory Authority (Nepra) on Friday ordered the Karachi-based power utility to refund 5 paise per unit it overcharged consumers in April under monthly fuel cost adjustment (FCA) mechanism. The regulator has decided to allow the negative FCA for April to be reflected in June’s bills, said…
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SINGAPORE – Media OutReach – 15 June 2023 – Hyundai Motor Group (HMG) and Vodafone Business today announced a multi-year extension of their existing strategic partnership to provide customers with advanced in-car connected streaming and infotainment services in more than 40 countries across Europe. Under the partnership extension, Vodafone Business will bring its Global Internet of Things (IoT) Connectivity for Connected Car…
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ISLAMABAD: German firm, Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH is dispatching a mission to conduct digitalization and decarbonization of Pakistan’s power distribution grids. In a letter to Secretary Power, Rashid Mahmood Langrial, Cluster Coordinator Climate and Energy GIZ-Pakistan Stoyanka Stich revealed that GIZ is conducting an appraisal mission for the project “digitization and decarbonization of power distribution grids in Pakistan”.…
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HYDERABAD: Energy Minister Khurram Dastgir has said that despite objections by the International Monetary Fund (IMF), the government would continue with its plans to dole out a huge power subsidy. Speaking at a press conference in Hyderabad, he said Pakistan had managed issues without IMF’s support and hoped that “we can pass more days without this support”. He admitted that the…
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ISLAMABAD/ BAKU: The federal cabinet has approved an agreement to procure liquefied natural gas (LNG) cargoes from Azerbaijan at discounted rates, according to a statement issued by the PM House on Thursday. Prime Minister Shehbaz Sharif apprised Azerbaijan President Ilham Aliyev of the cabinet’s decision during a meeting at the Azeri capital Baku, the statement added. “This is the second…
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