ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed the concerned authorities to work on the ongoing projects on priority and to prepare and present a briefing on the proposed projects. The caretaker premier was given a briefing on the important issues of various ministries. The meeting was informed in detail about the ongoing work on the Panjra Bridge on the…
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Recovery of Rs24.5bn from KE consumers: Govt seeks to impose Rs1.52/unit surcharge
ISLAMABAD: The federal government seeks to impose Rs1.52 per unit surcharge on K-Electric (KE) to recover Rs24.5 billion. As soon as the public hearing regarding the motion of the federal government with respect to the recommendation of consumer end tariff for K-Electric started at National Electric Power Regulatory Authority (Nepra), some members expressed reservations about the performance of the Power…
Read MoreIndependence Day Gift: Get Ready for Another Big Increase in Petrol Prices
Fuel prices in Pakistan are likely to see an upward revision starting August 16 as the caretaker government is all set to announce an increase of up to Rs. 20. Pakistan is celebrating its 77th Independence Day today, but the news of another massive increase in prices of fuel is set to break the spirits of average Pakistanis. Petrol prices…
Read MorePRL says Russian crude ‘technically, commercially feasible’
KARACHI: The Pakistan Refinery Limited (PRL) has said that it would again process Russian crude “when available at favourable commercial terms”, denying the impression that it has suspended the use of Russian crude oil because of processing issues. In a release on Sunday, the refinery insisted that Russian crude was successfully processed and the “spot deal was technically and commercially…
Read MoreSSGC board gets six new members
ISLAMABAD: The coalition government headed by former prime minister Shehbaz Sharif in its last week reconstituted the board of directors (BoDs) of Sui Southern Gas Company (SSGC) by adding six new independent members. However, Dr Shamshad Akhter will continue to serve as chairperson of the board, a senior official of the Ministry of Energy told ‘The News’. According to the…
Read MoreDespite sharp tariff rise, circular debt soars to Rs2.31tr
Debt swells due to inefficiency, theft and losses faced by power distribution firms ISLAMABAD: The power sector circular debt jumped to Rs2.31 trillion by the end of June 2023 after revenue gains from a massive increase in electricity prices were lost to the inefficiencies, theft and losses faced by power distribution companies. Official statistics showed that during fiscal year 2022-23,…
Read MorePakistan celebrates 76 years of independence
President, PM urge nation to follow Quaid’s golden principles President Dr Arif Alvi and outgoing prime minister Muhammad Shehbaz Sharif in their separate messages on Independence Anniversary extended heartfelt congratulations to the entire nation The nation is celebrating its 76th Independence Anniversary today (Monday) with utmost national fervour. The day dawned with a 31-gun salute at the federal capital and…
Read MoreChina says bond with Pakistan strong
Any attempt to disrupt Sino-Pak bond will fail: Beijing China reaffirmed its unwavering commitment to its strong friendship with Pakistan and the China-Pakistan Economic Corridor (CPEC), declaring that any attempt to disrupt these bonds would be unsuccessful. The Chinese Foreign Ministry’s spokesperson, Wang Wenbin, delivered this resolute message during a routine media briefing. “No attempt to sabotage the friendship between…
Read MoreK-Electric sees no impact of inflation on power bills
Officials say company will increase renewable energy, Thar coal-based production KARACHI: Officials of K-Electric (KE), which supplies electricity to Karachi and its adjoining areas, have given assurances to consumers that their monthly power bills will remain stable around current levels even if inflation spikes unpredictably in the coming years. The company has devised a business strategy to increase the share…
Read MoreWAPDA Hydel generation further improved:WAPDA generates 8158 MW hydel electricity during peak hours
August 12, 2023: After resumption of power generation from 969 MW-Neelum Jhelum Hydropower Project couple of days ago, electricity generation by WAPDA hydel power stations crossed 8000 MW mark, as WAPDA contributes 8158 MW to the National Grid during peak hours last night. Effective operation and maintenance of WAPDA hydel power stations and better hydrological conditions are the other contributing factors…
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