ISLAMABAD: Government Holding Private Limited (GHPL) has allowed its managing director, whose tenure expired on June 18, to continue in his position without approval of the Cabinet. In an unexpected development, the GHPL board, during its 178th meeting on June 15, 2023, appointed Nadeem Javed Bajwa as the acting MD/CEO of GHPL on an additional charge basis. The board asked…
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ISLAMABAD: The government on Tuesday cut the re-gasified liquefied natural gas (RLNG) prices for both the Sui companies by up to 1.5 percent, or $0.1938 per MMBtu, for the month of July 2023. The price of RLNG for Sui Northern Gas Pipelines Limited (SNGPL) consumers has been reduced by $0.0688 per MMBtu, while for Sui Southern Gas Company (SSGC) clients,…
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KARACHI: The Oil and Gas Regulatory Authority (OGRA) dismissed the complaints of the oil industry over the recent reduction in diesel prices, saying the move was in line with the government’s policy guidelines. The prices of petrol and diesel have been worked out in accordance with the formula approved by the Economic Coordination Committee of the Cabinet on July 28th,…
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ISLAMABAD: Power distribution companies, including Ex-WAPDA Discos and K-Electric, have sought an increase in power tariff on account of fuel charges adjustment (FCA) in August. The Central Power Purchasing Agency (CPPA), representing Ex-WAPDA distribution companies (XWDiscos), sought Rs1.8846 per unit hike and K-Electric demanded Rs2.336 per unit increase for the units consumed in the month of June 2023. The XWDiscos…
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ISLAMABAD: Prime Minister Shehbaz Sharif has said that the Exim (Export-Import) Bank of the all-weather friendly country, China, has rolled over another $600 million for Pakistan, which helped to further increase the country’s foreign exchange reserves. “Our forex reserves are going up but I wish that these reserves should increase on the back of our own resources rather than the…
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Speakers at a conference emphasized the need to maximize solar energy production in Pakistan, especially by establishing utility-scale renewable energy projects to provide uninterrupted power supply to every household in the country at the cheapest rates.
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