Prime Minister Shehbaz Sharif has expressed concern over recent increases in gas prices. According to sources, the Prime Minister has issued directives to the Ministry of Energy to complete 16 tasks within one to three months. In response to a new proposal for a price hike in gas by SNGPL, the Prime Minister has directed for an assessment of OGRA…
Read More
Ten power Distribution Companies (Discos) in Pakistan have submitted petitions to the National Electric Power Regulatory Authority (NEPRA) seeking a significant tariff adjustment totaling Rs2.765 trillion for various components of the tariff for the fiscal year 2024-25 under the multi-Year Tariff (MYT) framework. The petitions, filed by companies such as Lahore Electric Supply Company (LESCO), Faisalabad Electric Supply Company (FESCO),…
Read More
The oil industry in Pakistan is sounding an alarm over the escalating issue of petroleum smuggling, which is causing significant disruptions and financial losses across the oil supply chain. Major stakeholders in the petroleum market, including the Oil Companies Advisory Council (OCAC), Oil Marketing Companies of Pakistan (OMAP), and Pak-Arab Pipeline Company Ltd (Papco), have raised urgent concerns with the…
Read More
During the hearing on the request by Sui Northern Gas to increase gas prices further, Chairman Ogra Masroor Ahmad Khan has stated that the impact of mandatory gas price hikes is not justified. Chairman Ogra Masroor Ahmad Khan, along with Finance Member Muhammad Naeem and Oil Member Zain-ul-Abideen, is conducting the hearing at Sui Northern Gas Company’s head office. The…
Read More
The recent increase in gas prices has led Prime Minister Shehbaz Sharif to express concern. According to sources, Prime Minister Shehbaz Sharif has issued directives to the Ministry of Energy to complete 16 tasks within 1 to 3 months. It has been reported that Prime Minister Shehbaz Sharif has also instructed the presentation of a forensic audit report on the…
Read More
‘Climate finance must happen in partnership between public and private sectors,’ says FAB Chief Sustainability Officer Conference debut comes as UAE looks to become Sustainable Finance Hub Abu Dhabi, March 25 2024: World Future Energy Summit, the leading business event for future energy and sustainability hosted by Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse,…
Read More
The Private Power and Infrastructure Board (PPIB) has issued a one-month ultimatum to Chinese Company M/s Azad Pattan Power (Pvt) Ltd -APPL to commence work on the 700.7-MW hydropower project. Failure to do so, along with obtaining approvals from M/s Sinosure, may lead PPIB to explore alternative options, according to sources familiar with the matter. This directive was conveyed during…
Read More
The Chief Executive Officer of the Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari, expressed interest in expanding the fund’s involvement in Pakistan’s power generation and housing sectors during a two-day visit to Pakistan from March 23-24, 2024. The visit aimed to strengthen bilateral cooperation and explore opportunities for collaboration in key development areas. During discussions with Minister for…
Read More
At the annual CERAWeek conference in Houston, oil executives voiced skepticism about a swift transition to green energy, citing ongoing high demand and record profits in the fossil fuel industry. This sentiment contrasts with global climate commitments made at COP28, where leaders pledged to increase renewable energy usage significantly by 2030. Despite growing concerns over climate change and record temperature…
Read More
