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Day: January 5, 2024

OGDCL to Support Establishment of 45 Mammography Camps, Procure Radiation Machine for Cancer Treatment

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ISLAMABAD, January 05, 2024: While demonstrating unwavering commitment to healthcare, the Oil & Gas Development Company Limited (OGDCL) has made a significant donation to the Cancer Care Hospital & Research Centre for the establishment of 45 free Mammography camps in its operational areas. Additionally, the company’s support includes the procurement of a cutting-edge radiation machine for treating cancer patients nationwide,…

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Government of Pakistan and Karachi Electric (KE) Ink Agreements Providing Energy Security for Karachi

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In a landmark moment for the power sector, the Government of Pakistan and KE reached a significant milestone by signing various agreements underpinning Karachi’s energy security. The signing ceremony took place at the Energy Division on Friday and resolved long-standing disputes between the Government and KE, with foremost among these being regarding formalizing and securing a firm supply of power…

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Hydropower, transmission: Major projects face rupee cover issue

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ISLAMABAD: Major hydropower and transmission line projects are reportedly facing Rupee cover issues due to less allocation in the Public Sector Development Project (PSDP) 2023-24, well informed sources in Ministry of Water Resources told Business Recorder. During discussion on Dasu Hydropower Project (phase-1) at a recent meeting on World Bank funded projects, Chairman Wapda stated that the project faced some initial…

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Price of gas to Fatima, Agritech: Ministry seeks ECC’s approval for upward revision

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ISLAMABAD: The Ministry of Energy has sought the approval of the Economic Coordination Committee (ECC) of the Cabinet to revise upward the price of indigenous gas supply to Fatima Fertilizer and Agritech to Rs1,238.68/MMBtu following the Determination of the Estimated Revenue Requirement (DERR) by the OGRA for the fiscal year 2023-24. Sources in the Finance Ministry said that the Ministry…

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Power users to pay Rs4.13 per unit more in Jan

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ISLAMABAD: The power regulator Nepra has announced a significant fuel cost adjustment (FCA) of Rs4.13 per unit for users of government-owned distribution companies (Discos), marking a substantial financial impact of about Rs35 billion. This adjustment relates to electricity consumed in November and will be reflected in the January bills of consumers, except those in the lifeline category and K-Electric users.…

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