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Day: August 30, 2023

OGDCL ACHIEVES SIGNIFICANT PRODUCTION ENHANCEMENT AT SIAB-1 WELL IN KOHAT, KPK PROVINCE

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OGDCL

ISLAMABAD: The Oil & Gas Development Company Limited (OGDCL) on Wednesday announced a remarkable achievement in its pursuit of production optimization initiatives. The company has achieved an impressive enhancement in production at the Siab-1 well, situated within the Baratai Block in the Kohat district of Khyber Pakhtunkhwa province.Siab-1, a collaborative effort under a joint venture where OGDCL operates with a…

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Private firms seek power distribution licences

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power-supply

ISLAMABAD: With the expiry of exclusivity of the existing distribution companies (Discos) and K-Electric, private entities have started seeking distribution licences for the supply of electricity to bulk power consumers (BPCs) at the retail stage. The exclusive distribution licences of all the public sector Discos of formerly Wapda and KE have already expired and now are operating on temporary extensions…

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Cut in GST, withholding tax out of question: Govt links power bills relief with IMF nod

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Tax-dept

ISLAMABAD: The caretaker federal cabinet Tuesday decided to take the IMF on board on its decision to provide relief to power consumers against the inflated bills setting off countrywide demonstrations. The cabinet met here with Prime Minister Anwaar-ul-Haq Kakar in the chair. After attending the cabinet meeting, caretaker Information Minister Murtaza Solangi said the government would announce the decision after…

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Experts call for sustained energy policies to provide cheap, reliable electricity

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reliable-electricity

KARACHI: Pakistan needs to adopt sustained and consistent energy policies to provide cheap and reliable electricity to its people, a panel of experts and stakeholders said on Tuesday. The panel discussion, organized by the Policy Research Institute for Equitable Development (PRIED), focused on the challenges and opportunities of using solar power in high-loss feeder areas, where load shedding and electricity…

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Power sector debt: FPCCI urges government to negotiate with private power producers

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electricity price increased

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to prepare a better strategy for dealing with the circular debt of the power sector, instead of excessively burdening the consumers. The FPCCI on Tuesday said that the government should negotiate with the power plants to increase the debt payment period to reduce the capacity…

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