ISLAMABAD: The National Assembly was informed on Wednesday that federal, provincial, and Azad Jammu and Kashmir (AJK) governments collectively owe over Rs256.34 billion to power distribution companies (DISCOs) as of June 2024. Responding to a question from MNA Jam Abdul Karim Bijar during the Question-Hour, the Power Division disclosed the DISCO-wise breakdown of arrears. The federal government owes Rs47.811 billion,…
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ISLAMABAD: Leading oil marketing companies (OMCs) have had their September cargoes deferred, with three scheduled for October set to be rationalized or canceled. If necessary, December cargoes will also be canceled. In a meeting on Wednesday with refineries and top-performing OMCs, the decision was made to address concerns about the excessive stock of high-speed diesel (HSD). Cargoes already in the…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has taken swift action to safeguard the country’s refineries by halting some oil marketing companies (OMCs) from importing High-Speed Diesel (HSD) due to an oversupply of the fuel. The regulator canceled diesel cargoes scheduled for Pakistan State Oil (PSO) and GO company for October and November, in response to warnings from refineries…
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ISLAMABAD: The federal and provincial governments collectively owe over Rs2.56 trillion in unpaid electricity bills to Distribution Companies (DISCOs) across Pakistan, according to official documents reviewed by The Express Tribune. The 12 DISCOs, which include major utilities like Lahore Electric Supply Company (Lesco), Islamabad Electric Supply Company (Iesco), and K-Electric, are struggling to recover payments. The federal government’s debt totals…
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Reko Diq Investment Deal Near Completion$10bn Refinery Project Under ConsiderationISLAMABAD: The government is finalizing a new blended gas pricing mechanism aimed at reducing power costs by merging liquefied natural gas (LNG) pricing with wellhead and pipeline gas. This will ensure competitive rates across all consumer categories, as disclosed by Petroleum Minister Dr. Musadik Malik. Speaking to the media, Dr. Malik…
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