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Month: August 2023

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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OGDCL Workshop on Energy Explores Latest Trends, Future Prospects, and Collaboration Avenues

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OGDCL

ISLAMABAD, August 29, 2023: The Oil and Gas Development Company Limited (OGDCL) on Tuesday hosted a dynamic workshop on energy in collaboration with the Lahore University of Management Sciences (LUMS). The workshop, held at the OGDCL headquarters, provided a platform for industry experts and thought leaders to convene and deliberate on the current landscape, future prospects, and collaborative initiatives within…

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Renewables Competitiveness Accelerates, Despite Cost Inflation

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Global-power

Global power sector saved fuel costs of USD 520 billion last year thanks to renewables, says new IRENA report. Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil…

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Major legal victory for Imran Khan in Toshakhana case

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imran-khan123

IHC suspends sentence awarded to PTI chairman in state gifts case and orders his release on bail In a major legal victory, the Islamabad High Court (IHC) suspended the sentence awarded to former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan in the Toshakhana case. The IHC ordered the release of the Pakistan Tehreek-e-Insaf (PTI) chairman, who is incarcerated at…

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Cut in Aug, Sept power bills proposed

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power-bills

ISLAMABAD/ PESHAWAR: Top officials of power and financial divisions have tailored some suggestions for immediate relief to masses in the electricity bills, which are to be placed before the federal cabinet meeting on Tuesday (today) with Caretaker Prime Minister Anwaarul Haq Kakar in the chair. All officials are tight-lipped but some insiders told The News that one of the suggestions…

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Wapda security staff stops wearing army-like uniform after GHQ letter

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WAPDA-MoUs

ISLAMABAD: The security staff of Water and Power Development Authority (Wapda) has stopped wearing the army-like uniform after General Headquarters conveyed its concern whereas Federal Investigation Authority (FIA) has started an investigation into the unauthorised purchase of the uniform in bulk without obtaining requisite permission. The Wapda last made headlines in February this year when portraits of Quaid-i-Azam Muhammad Ali…

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Senate panel slams independent power producers

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Senate-panel

ISLAMABAD: The Senate Standing Committee on Power on Monday joined public criticism of the “unprecedented electric bills” and directed the Power Division to provide lists of electricity defaulters and outstanding dues to all the distribution companies (Discos). The meeting of the panel presided over by Senator Saifullah Abro discussed the unprecedented electric bills that have led to nationwide protests. On…

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