There might be a big rise in the cost of petrol and diesel in Pakistan due to the rupee losing its value against the US dollar. The price of petrol could go up by over Rs13 per litre in the next two weeks, and this might happen by August 31.The dollar’s value has gone up by Rs12.08 from August 16…
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KARACHI: The industrialists of the North Karachi Industrial Area, which is the largest industrial area in Sindh in terms of SMEs and the second-largest after Sialkot, have vehemently protested against the recent hike in electricity rates, demanding a reversal of the recent electricity rate hike, warned that if their demand is not met, they will initiate full-fledged protests, also shut…
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18 July 2023, Ningbo, China: Solis Inverters (the company), a global powerhouse in the solar energy industry, has been acknowledged as the world’s no.3 solar by shipments, according to Wood Mackenzie. This outstanding recognition reaffirms Solis’ dedication to technological innovation, product quality, and commitment to a sustainable future. In 2022, Solis experienced an exceptional year of growth, marked by the…
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KARACHI: In an “updated disclosure” following the Aug 21 order by the Grand Court of the Cayman Islands, K-Electric Ltd said on Thursday there’s been no change in the status of a case currently in the Sindh High Court (SHC) against the Infrastructure and Growth Capital Fund (IGCF) SPV-21 Ltd. The latest regulatory filing by the power utility follows the…
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LESCO wants to recover the highest amount of Rs28.906bn followed by Multan Electric Supply Company ISLAMABAD: Consumers will pay capacity charges of over Rs124 billion for the surplus power generation during the last quarter of fiscal year 2022-23 in the coming months. The XWDISCOs are seeking approval of the regulator for the recovery of capacity charges as well as others…
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LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting withholding tax against the payment of Use of System Charges (UoSC) to the National Transmission & Despatch Company (NTDC), said sources. The Use of System Charges means any charge (fixed or variable) payable by a Disco, or any other use of the transmission…
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