Islamabad, November 30, 2024: The Oil and Gas Regulatory Authority (OGRA) hasnotified the maximum Price of LPG, effective December 01 2024, as under;Notified LPG Producer prices Rs. / Ton Rs / 11.8 kgCylinderDecember -2024 ( w.e.f 01-12-2024) 213,004.61 2,513.45November -2024 212,892.45 2,512.13Increase / (Decrease) 112.16 1.32Notified LPG Consumer prices Rs. / Ton Rs / 11.8 kgCylinderDecember -2024 ( w.e.f 01-12-2024)…
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Karachi, December 11, 2024: K-Electric (KE) has made remarkable progress in its journey toward renewable energy with the submission of the Bid Evaluation Report for its 150 MW solar projects at Winder and Bela, Balochistan, to NEPRA. The regulator today concluded the hearing on the subject marking a critical step towards finalization of these projects reflecting KE’s journey to transforming…
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Karachi, December 12, 2024: The National Forum for Environment and Health (NFEH), in collaboration with the Fire Protection Industry of Pakistan (FPIP), proudly announces the winners of the 14th Fire Safety Awards 2024, recognizing outstanding fire safety practices by leading organizations across various sectors. The prestigious ceremony will be held in Karachi and will feature Governor Sindh Kamran Khan Tessori…
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KARACHI: The Oil and Gas Regulatory Authority (Ogra) has granted approval for the export of an additional 80,000 metric tonnes (MT) of furnace oil to address surplus stock amid declining domestic demand. The new approval includes 50,000MT for Pak-Arab Refinery Limited (Parco) and 30,000MT for National Refinery Limited (NRL). Parco is authorized to export its allocation during the fourth week…
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ISLAMABAD: The Special Investment Facilitation Council (SIFC) is set to deliberate on critical energy sector issues in a high-stakes meeting today (Wednesday). The agenda includes significant matters from the petroleum and power divisions, such as the proposed sale of 35% gas from new discoveries to third parties and amendments to the Greenfield Refineries Policy. Key discussions will revolve around the…
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ISLAMABAD: K-Electric’s request to write off Rs68 billion in ‘unrecoverable dues’ from defaulters has met fierce opposition from stakeholders, who argue it would unfairly burden taxpayers and honest consumers through budgetary subsidies and tariff adjustments. The Karachi-based utility submitted the claim for losses incurred over seven years (FY2017-2023) under a 2018 tariff determination that permitted a 1.69% provision for recovery…
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ISLAMABAD: The federal cabinet, led by Prime Minister Shehbaz Sharif, has approved revised settlement agreements with eight independent power producers (IPPs) operating on bagasse. This move is projected to save approximately Rs240 billion for the national exchequer and reduce electricity tariffs. The decision, based on recommendations from the Ministry of Energy’s power division, involves tariff adjustments for power plants, including…
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ISLAMABAD: The poor performance of electricity distribution companies in the fiscal year 2023-24 led to losses exceeding Rs660 billion for the national exchequer, according to the annual performance report by the National Electric Power Regulatory Authority (NEPRA). The report highlighted systemic inefficiencies, including high transmission and distribution (T&D) losses and low recovery rates. These inefficiencies, coupled with the operational shortcomings…
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By Rehan Jawed Karachi is Pakistan’s economic hub, contributing 50% of the nation’s total tax revenue and producing 50% of the country’s exports. Yet, its consumers and industries bear the highest electricity costs in the country, making it increasingly difficult for them to sustain operations. Costs of Write-Off claims must not be imposed on Karachi’s consumers. If K-Electric’s financial sustainability…
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