ISLAMABAD: Federal Minister for Power Awais Ahmad Khan Leghari has expressed serious concerns over the poor performance of power distribution companies (Discos) and announced plans for strict administrative actions against underperforming management. In a meeting with board chairpersons and CEOs of Discos, Leghari reviewed the companies’ line losses and bill collection performance for July and August 2024. The Power Division…
Read More
ISLAMABAD: Deputy Prime Minister Senator Ishaq Dar, leading the task force on gas-related issues, has directed authorities to initiate plans to reduce margins, taxes, duties, and port charges on imported LNG by 50%, aiming to make re-gasified LNG (RLNG) more affordable for consumers. Currently, the landed cost of LNG is $10 per mmBtu, but this rises to $14 per mmBtu…
Read More
ISLAMABAD: In FY25, power consumers will bear capacity payments amounting to Rs2,140 billion, with government power plants claiming the largest share of Rs1,069 billion, according to recent data. A significant portion of this will be allocated to nuclear power plants (Rs466 billion), hydropower projects (Rs446 billion), RLNG plants (Rs161 billion), and GENCOs (Rs16 billion). Meanwhile, power plants established under the…
Read More
ISLAMABAD: The Ministry of Water Resources has opposed the solarisation of agricultural tubewells in Balochistan, citing the severe depletion of groundwater levels in the province. This stance was presented during a Senate Standing Committee on Water Resources meeting chaired by Senator Shahadat Awan. Secretary of Water Resources, Syed Ali Murtaza, warned that installing solar panels to power tubewells would exacerbate…
Read More
ISLAMABAD: The Sindh High Court (SHC) ruled on Monday that the subsidy and fuel cost recovered by K-Electric from consumers must be treated as part of its turnover for calculating minimum tax under Section 113 of the Income Tax Ordinance 2001. The judgment came in response to appeals filed by the Revenue Department challenging the Appellate Tribunal Inland Revenue’s decision…
Read More
ISLAMABAD: The absence of Petroleum Minister Musadik Malik has delayed a crucial decision on allocating 35% of future gas discoveries to the private sector, hindering progress in the 20-member Task Force on Gas-Related Issues, led by Deputy Prime Minister Ishaq Dar. Sources revealed that Malik, despite assurances of joining Monday’s meeting via video link from Russia, missed his second consecutive…
Read More
