Annual financial loss of Discos is around Rs 600 billion on account of losses and under recovery ISLAMABAD: The country’s prime intelligence agency has reportedly proposed to the government to take all relevant stakeholders on board in deciding the future of power Distribution Companies (Discos) to ensure a transparent, successful and sustainable transition, well informed sources in Finance Ministry told Business…
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ISLAMABAD: Caretaker Minister for Energy, Power, and Petroleum, Muhammad Ali, stated on Saturday that the government’s strict drive against power theft was delivering promising outcomes, and there would be no compromises in the fight against these illicit activities. In an interview with a private news channel, he emphasised that effective measures were being implemented to enhance the power supply system,…
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ISLAMABAD: State-run hydrocarbon exploration firm Oil and Gas Development Company Limited (OGDCL) is targeting to boost crude oil production to 50,000 barrels per day (bpd) to meet more consumer demand, which will help curtail imports as Pakistan is facing a dearth of US dollars. Soon after assuming charge as OGDCL Managing Director, Ahmed Hayat Lak formed a working group on…
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LAHORE: National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar has said there was no other option but to take some harsh decisions to make the power sector sustainable. Talking to the media after attending an energy conference on Saturday, the power sector regulator head said the situation has reached a point where such decisions have become imperative for the…
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KARACHI: The unexpected massive increase in petrol and diesel prices was widely felt as inflationary at the retail level and the State Bank of Pakistan (SBP) may have to review its decision of leaving the key interest rate unchanged. Many analysts believe that the inflation would be in the range of 30-31 per cent in the ongoing month which is against the…
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KARACHI: Timing is of the essence in policymaking. A well-timed decision can yield optimal results. Although delays might bring benefits, they can also do considerable damage. Reflecting on the recently introduced oil refining policy for both existing and new projects, one can’t help but wonder about the lost opportunities that might have been seized with more proactive decision-making. Currently, Pakistan…
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[Karachi, Pakistan – September 14, 2023] – Solis, renowned as the third-largest inverter manufacturer worldwide, marked a significant milestone at the Solar Pakistan Exhibition & Conference 2023, held from September 7 to 9 at the Karachi Expo Centre. The event saw the introduction of Solis’ highly-anticipated S6 technology range to the Pakistani market for the very first time. The S6…
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