ISLAMABAD: Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur on Sunday met with Interior Minister Mohsin Naqvi and Federal Energy Minister Awais Ahmad Khan Leghari wherein they agreed to jointly address the various issues being faced by the province including prolonged power outages. According to a statement issued by the interior ministry, they exchanged views on the prevailing situation in K-P. It…
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Minister for Petroleum Musadik Malik on Sunday said that according to both internal and external economic indicators, the country’s “economy is heading in the right direction”. In an interview with Geo News programme Naya Pakistan with Shehzad Iqbal, he said that friendly nations and international economic institutions such as the IMF and World Bank have provided positive signals about Pakistan’s…
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Pakistan Petroleum Limited (PPL) has signed a Joint Venture Agreement with Degan Exploration Works (DEW), a wholly owned subsidiary of Frontier Works Organization (FWO), to explore and develop mineral resources in the EL-207 Block located in District Chagai, Balochistan. This initiative is a key component of PPL’s strategy to diversify into the mining sector and strengthen its presence in Balochistan.
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Islamabad: The highly anticipated Oil and Gas Conference Pakistan (OGCP-2024) is set to take place on May 29th at the Serena Hotel in Islamabad. The event, organized by Energy Update in collaboration with Ministry of Energy (Petroleum Division) and Oil and Gas Regulatory Authority (OGRA) promises to be a landmark gathering for Pakistan’s energy sector. Mr. M. Naeem Qureshi, Chairman…
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Sindh Energy Minister Syed Nasir Hussain Shah announced on Friday that K-Electric (KE) has agreed to restore electricity supply to consumers using up to 200 units, overlooking their old dues and charging them based on new bills. This decision aims to provide relief to underprivileged consumers. Shah and Sindh lawmakers held a meeting with KE officials to discuss this initiative.…
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KARACHI: Pakistan Petroleum Limited (PPL), a state-owned oil and gas producer, is diversifying its business by entering into a joint venture with Degan Exploration Works (DEW) to explore and develop mineral resources in Balochistan, according to a statement released on Friday. “We are pleased to announce that Pakistan Petroleum Limited (PPL), as part of its business diversification efforts, is expanding…
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ISLAMABAD: Fuel prices in Pakistan are expected to decrease once more, with the federal government likely to announce a reduction in petrol prices by Rs 4.50 per litre for the first half of June. The price of high-speed diesel (HSD) is also anticipated to fall by around Rs 4 per litre. The official announcement of the new prices will be…
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ISLAMABAD: K-Electric has submitted a petition seeking a 76% increase in its base tariff, raising it by Rs 10.69 per unit to Rs 44.69 per unit under the Multi-Year Tariff (MYT) mechanism for the period from FY 2023-24 to 2029-30. The current base tariff stands at Rs 34 per unit. The proposed adjustment includes the following components: Cost of power…
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ISLAMABAD: The federal government has decided to tighten security measures for vital electricity distribution installations in Khyber Pakhtunkhwa (KP), ensuring the safety of Peshawar Electric Supply Company (Pesco) and Tribal Areas Electric Supply Company (Tesco) staff and property. This move follows threats made by the KP chief minister, which have recently gone viral. On May 15, 2024, the Power Division…
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Government Left with Only 42.5% from Divisible Pool as Interest Payments and Circular Energy Debt Become Unsustainable ISLAMABAD: The federal government is considering sharing debt servicing and electricity circular debt with the provinces, following the provinces’ refusal to revisit their share under the NFC Award. Finance ministry officials revealed a consensus that provinces should assist with debt servicing and electricity…
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