Federal Minister for Industry Rana Tanveer Hussain stated that no opposition movement will succeed after Eid. To revive the industry, the government reduced the interest rate from 22% to 12%, which can potentially drop to 10%. Additionally, electricity prices will decrease further by March 23, supporting the recovery of industry and economy.
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Pakistan’s Federal Minister for Power Division, Sardar Awais Ahmad Khan Leghari, has announced that a new solar panel policy will be presented to the Economic Coordination Committee (ECC) for approval soon.¹ This policy proposes that the national grid will purchase electricity from newly installed rooftop solar panels at a rate of Rs9.50 to Rs10 per unit. The minister stated that…
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ISLAMABAD: In a rare public spat, K-Electric on Sunday challenged the National Electric Power Regulatory Authority (Nepra) over allegations that its fuel costs were significantly higher than electricity imports from the national grid. The disagreement follows a special note issued last week by Nepra’s technical member from Sindh, Rafique A. Shaikh, who pointed out that K-Electric’s own power plants contributed…
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• Reject ‘Take or Pay’ clause, say it benefits refineries at their expense• Move comes as fuel prices expected to see major cut this weekend• Under new rule, OMCs must buy assigned fuel quotas from refineries or pay penalties• Clause aimed at reducing imports, protecting local refining capacity ISLAMABAD: Indicating a substantial cut in prices of petroleum prices by this…
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