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Day: December 30, 2023

Alleged violation of laws: Sacked MD of NTC to face disciplinary proceedings

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Pakistan-Telecommunication

ISLAMABAD: The sacked Managing Director, National Telecommunication Corporation (NTC) is to face disciplinary proceedings for allegedly violating prescribed laws before assuming charge as Chairman NTC, well-informed sources told Business Recorder. The Ministry of Information Technology & Telecommunication (MoI-T&T) submitted a summary to the Cabinet stating that National Telecommunication Corporation (NTC) was established under Section 41 of the Pakistan Telecommunication (Re-Organization) Act,…

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Coal procurement process: Lucky Commodities lodges complaint with minister

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coal

ISLAMABAD: M/s Lucky Commodities is said to have lodged a complaint with caretaker Minister for Power and Petroleum, Muhammad Ali on coal procurement process for Sahiwal imported coal-fired power plant, In a letter to caretaker Minister, the company referred to a bidding document dated November, 2023, floated by Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited for procurement of coal for…

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Miseries of energy consumers continue to mount

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power-supply

Electricity, gas and oil prices go through the roof, forcing consumers to cough up billions ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly…

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Nepra approves Rs1.72 per unit hike for KE consumers

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Nepra-KE-1

The National Electric Power Regulatory Authority (Nepra) on Friday approved a hike of around Rs1.72 per unit for K-Electric (KE) consumers on account of quarterly adjustments for electricity consumed in the second and third quarters of 2023. In its notification for adjustment in electricity rates of KE, Nepra said the tariff increase would apply to all consumer categories except lifeline consumers. The…

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Senate panel wants LNG imports by private parties

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lng

ISLAMABAD: The Senate Standing Committee on Petroleum recommended to the government on Friday that private parties should be allowed to import liquefied natural gas (LNG) which would not only improve its availability but would also bring down prices through competition. The committee met in the Parliament House under the chairmanship of Senator Mohammad Abdul Qadir who recommended that officers from…

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