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Day: July 23, 2024

Urgent Measures Needed to Address Karachi’s Environmental Crisis: Dost Muhammad Rahimoon

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Minister-Metting

Karachi – Karachi faces an urgent environmental crisis, with issues such as pollution, deforestation, and illegal encroachments worsening daily. In response, a delegation from the National Forum for Environment and Health (NFEH) met with Minister for Environment, Climate Change, and Coastal Development, Dost Muhammad Rahimoon, to discuss these critical challenges and propose solutions. The NFEH delegation, led by President M.…

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FPCCI to file petition in Supreme Courtfor ammendments in IPP,s Agreements

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fpcci-afghanistan

Karachi The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is preparing to file a writ petition in the Supreme Court and appeal to the Special Investment Facilitation Council (SIFC) to seek amendments to the agreements with Independent Power Producers (IPPs). The FPCCI argues that the existing agreements and the tariffs imposed by the IPPs are financially burdensome and…

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Electricity Rates Surge by Rs22.53 per Unit in Two Years

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electricity-tariffs

ISLAMABAD: Over the past two years, Pakistan has experienced an unprecedented rise in basic electricity tariffs, amounting to Rs25.76 per unit, as per official sources. This increase includes a fixed surcharge of Rs3.23 per unit, significantly raising costs for all consumer categories. From July to October 2022, the basic tariff rose by Rs7.91 per unit, followed by an additional Rs7.50…

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Power Division Proposes Support Units for Distribution Firms Amid Management Failures

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power-subsidy

ISLAMABAD: The Power Division has acknowledged its inability to address inefficiencies and mismanagement within the energy sector, leading to a circular debt surpassing Rs2.310 trillion. In response, the division is now proposing the establishment of support units for power distribution companies (DISCOs) comprising officials from intelligence and law enforcement agencies to tackle these challenges and reduce the circular debt. As…

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President Zardari Urges Comprehensive Plan to Prevent Karachi Urban Flooding

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Asif-Zardari

KARACHI: President Asif Ali Zardari has called for an urgent and comprehensive plan to prevent urban flooding in Karachi amid the ongoing monsoon rains. The city experienced significant waterlogging on Saturday even after light showers, resulting in the tragic deaths of two minor boys. Last week, Sindh Chief Minister Syed Murad Ali Shah directed the Karachi Water and Sewerage Corporation…

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High Tariffs Suppress Power Demand

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Power-Project

KARACHI: Pakistan’s power generation dropped by 2% to 127,259GWh (14,504MW) in FY24 compared to the previous fiscal year. This decline is attributed to reduced overall economic activity and lower demand caused by rising power tariffs. Hydropower led the power generation mix, contributing 31% in FY24, up from 28% in FY23. RLNG followed with 19% (up from 17% in FY23), while…

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MPCL Addresses National Energy and Food Security with Ghazij Appraisal Success

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mari-petrolium

Mari Petroleum Company Limited (MPCL) announces the successful completion of the appraisal program for Ghazij gas discovery, a significant stride towards addressing Pakistan’s energy needs and enhancing food security.Discovered in January 2023 within the Mari Development and Production Lease area, the Ghazij gas field has unlocked new hydrocarbon opportunities in the mature basins. MPCL’s fast track appraisal campaign, which included…

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