KARACHI: The Oil & Gas Regulatory Authority (Ogra) has granted Pak Arab Refinery Limited (Parco) permission to export 50,000 metric tonnes (MT) of furnace oil for July in the current fiscal year, according to an Ogra statement. Parco, which currently holds 93,000 MT of fuel oil—approximately half of the total 170,000 MT reserves across refineries—sought Ogra’s approval to facilitate the…
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ISLAMABAD: The country’s hydropower generation is set to increase with the commencement of the 884 MW Suki Kinari Hydropower Project in November 2024. This announcement was made by Shah Jahan Mirza, Managing Director of the Private Power and Infrastructure Board (PPIB), during a ceremony organized by CEEC-NEPC-II, a Chinese state-owned company and EPC contractor. The event celebrated the successful completion…
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ISLAMABAD: Prime Minister Shehbaz Sharif announced a three-month relief package for lifeline electricity consumers whose monthly consumption remains below 200 units. The state broadcaster PTV News posted on X that the government will offer a Rs50 billion discount to these consumers in July, August, and September, benefiting 25 million consumers—94% of the country’s domestic electricity users. During a press conference…
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KARACHI: Prominent industrial chambers and associations have called for the immediate implementation of the Competitive Trading Bilateral Contract Market (CTBCM) regime, allowing bulk power consumers to directly purchase electricity from generators, thereby bypassing the government. This demand was highlighted during a conference organized jointly by Renewables First and the Pakistan Environment Trust on Tuesday. The event featured discussions from key…
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LAHORE: In response to growing consumer dissatisfaction, the government is contemplating abolishing the flawed pro rata meter reading system, which often removes electricity consumers from the protected category or pushes them into higher billing slabs despite their actual monthly consumption remaining within the category. Sources indicate that the Power Division and other relevant authorities are actively reviewing the meter reading…
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