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Month: April 2024

Federal Minister for Power Sardar Awais Ahmed Khan Leghari Directs Tough Measures to Curb Electricity Theft

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Sardar-Awais

Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, has issued instructions for immediate and stringent measures to combat the ongoing issue of electricity theft across Pakistan. Emphasizing the critical need to eradicate this illegal practice, Minister Leghari has set a decisive deadline of April 23 to eliminate all forms of electricity theft from the country’s power grid. In a…

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“IMF Directive: Gas Tariff for Captive Power Plants to Align with RLNG Prices from July 1”

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New-RLNG

Under directives from the International Monetary Fund (IMF), the government is preparing to equalize the gas tariff for captive power plants (CPPs) with Re-gasified Liquefied Natural Gas (RLNG) prices starting July 1, 2024. This move follows discussions with senior officials from the Energy Ministry, who highlighted the necessity of this adjustment in response to IMF requirements. Currently, the gas tariff…

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Committee Formed to Review Climate Change Governance and Access to Climate Funds”

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climate-change

The Prime Minister has established a high-level committee to assess Climate Change Governance and the mechanisms for accessing Climate Funds. This committee includes Climate Change Minister Romina Khursheed Alam, SDPI Executive Director Dr Abid Suleri, and other senior members from various sectors. Chaired by the Deputy Chairman of the Planning Commission, Mohammad Jehanzeb Khan, the committee comprises government officials, parliamentarians,…

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“K-Electric Proposes Non-Disclosure Agreement with JPCL for Thar Coal Conversion”

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circular-debt-K-electric-ceo

K-Electric (KE) has put forward a proposal for a Non-Disclosure Agreement (NDA) with Jamshoro Power Company Limited (JPCL) to safeguard data related to the conversion of JPCL’s 600-MW unit to Thar coal, according to informed sources. In continuation of previous communications and discussions, KE has submitted its NDA proposal to the Secretary Power, following its earlier letter regarding the approval…

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“Work Commences on IP Gas Pipeline Project Ahead of Iranian President’s Visit to Pakistan”

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gas-pipeline

As Iranian President Ebrahim Raisi prepares for his visit to Pakistan on April 22, the Ministry of Energy has initiated work on the Pakistan-Iran Gas Pipeline Project. The project aims to materialize an 80-kilometer pipeline from Gwadar to connect with the Iranian pipeline, with an estimated completion time of 24 months and a budget allocation of Rs44 billion from the…

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CM Sindh Leads Critical Review of Sindh Solar Energy Project

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Solar-Energy

Karachi: A comprehensive progress review meeting of the Sindh Solar Energy Project (SSEP) was held under the leadership of Chief Minister Syed Murad Ali Shah. The meeting was attended by key officials including Energy Minister Nasir Shah, Mayor Karachi Murtaza Wahab, Principal Secretary to CM Sindh Agha Waqar, Chairperson of P&D Najm Shah, Energy Secretary Kazim Jatoi, and Treasury Secretary…

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Tax-to-GDP Ratio Should Be Increased Through Broadening of Tax Base Atif Ikram Sheikh

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Atif-Ikram

Karachi: Atif Ikram Sheikh, President FPCCI, has emphasized that, while FPCCI supports the efforts to increase tax-to-GDP ratio, it has to be achieved through broadening of tax base and simplification of the taxation system – rather than further squeezing the already taxed. The only pragmatic approach to achieve tax-to-GDP ratio of 15 percent in the next 5 years is to…

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Govt to reconsider privatisation of LNG plants

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LNG-chain

Ministerial group cites challenges, risks in circular debt-plagued power sect ISLAMABAD: The Ministerial Group has cautioned against the privatisation of two LNG power plants, citing concerns about the current investment climate. The government’s intention to privatise these plants, established during the Pakistan Muslim League-Nawaz’s tenure with an LNG contract signed with the government of Qatar, is under scrutiny. Sources reveal…

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Ministry of Foreign Affairs Urges Progress on IP Gas Pipeline Project

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gas-pipeline

The Ministry of Foreign Affairs (MoFA) has advised the Petroleum Division to expedite the Iran-Pakistan (IP) gas pipeline project without delay, citing its significance as a crucial energy initiative, according to informed sources reported by Business Recorder. MoFA’s recommendation predates recent comments by US Assistant Secretary of State for South and Central Asia Donald Lu opposing the IP project. During…

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