Islamabad: The government has rejected a report analyzing the reasons behind the Neelum-Jhelum Hydropower Project’s tunnel collapse, which allegedly cost Rs 100 million to produce. The reason for the rejection? The findings and recommendations of the report were reportedly available for free on ChatGPT, an AI tool. According to The Express Tribune, the report was presented at a meeting led…
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ISLAMABAD: Pakistan has enlisted three renowned international law firms — White & Case, Three Crowns, and Willkie Farr & Gallagher — along with a leading Australia-based oil and gas legal expert, to defend its position in the Court of Arbitration in Paris. This legal move responds to a case filed by Iran over Pakistan’s failure to complete its portion of…
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ISLAMABAD: The Japan International Cooperation Agency (JICA) and National Transmission and Despatch Company (NTDC) will prepare a joint action plan with defined timelines for the Punjab Transmission Line and Grid Station Project, according to sources. The plan emerged from a recent meeting in the Economic Affairs Division (EAD) aimed at reviewing the progress of Japan-supported development projects. JICA raised concerns…
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ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) is set to propose a Rs 1 per unit reduction in fuel charges for bagasse-fired Independent Power Producers (IPPs), following newly finalized agreements with owners of eight IPPs, informed sources disclosed. The proposal will be presented during the Fuel Charges Adjustment (FCA) public hearing for Distribution Companies scheduled for October 30, 2024. According…
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ISLAMABAD: The government is reportedly receiving concerns from various foreign governments over perceived one-sided agreements with certain Independent Power Producers (IPPs), sources reveal. According to sources, the German government has conveyed the reservations of Rousch Power Project Limited (RPPL), a company owned by the family of former Commerce Minister Abdul Razak Dawood. Under the Negotiated Settlement Agreement (NSA), it was…
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KARACHI: The government has barred oil refineries from adjusting input tax on crude oil purchases against sales tax on refined products, such as petrol, high-speed diesel, light diesel oil, and kerosene—a restriction that is expected to drive up refining costs. In its quarterly report to the Pakistan Stock Exchange (PSX) for the period ending September 30, 2024, Pakistan Refinery Limited…
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ISLAMABAD: WAPDA Chairman Lt Gen Sajjad Ghani (Retd) reviewed ongoing developments at the 1,530 MW Tarbela 5th Extension Project during an extensive site visit on Tuesday, as per a press release. The chairman inspected crucial project areas, including the raised intake structure, tunnel, and powerhouse construction sites, and observed the ongoing work. In an on-site briefing, the chairman was updated…
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ISLAMABAD: The two major gas utilities in Pakistan—Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL)—have requested an increase of up to 54% in prescribed gas prices to address revenue shortfalls for the current fiscal year (FY25). The Oil and Gas Regulatory Authority (OGRA) will conduct public hearings for these proposals, with SNGPL’s hearing set for…
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