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NEPRA Detects Data Contradictions in Consumer Overcharges by Discos and KE

January 25, 2025January 25, 2025 Admin

Islamabad: The National Electric Power Regulatory Authority (NEPRA) has identified significant discrepancies in the data provided by Distribution Companies (Discos) and K-Electric (KE) regarding overcharged consumers. The overbilling occurred due to meter readings beyond the defined billing cycle and the incorrect application of the pro-rata mechanism, sources revealed. NEPRA had previously instructed Discos through letters issued on February 23, 2024,…

SNGPL-NPPMCL Dispute Over Gas Supply Invoices Escalates to PM Office

January 25, 2025January 25, 2025 Admin

Islamabad: The ongoing dispute between Sui Northern Gas Pipelines Limited (SNGPL) and National Power Parks Management Company Limited (NPPMCL) has now reached the Prime Minister’s Office (PMO). The disagreement pertains to adjustments made by NPPMCL against SNGPL’s undisputed gas supply invoices, amounting to over Rs. 15.5 billion, as per an arbitration award issued in December 2021 by the London Court…

Oil Industry Urges Immediate Government Action on Tax and Margin Issues

January 25, 2025January 25, 2025 Admin

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has called for urgent government intervention to address critical challenges threatening the sustainability of Pakistan’s downstream oil sector, including the removal of sales tax exemptions on petroleum products and delays in revising Oil Marketing Companies (OMCs) margins. In a letter to Prime Minister Shehbaz Sharif, OCAC Chairman Adil Khattak highlighted the financial strain…

Government Extends SEZ Incentives to Industrial Estates

January 25, 2025January 25, 2025 Admin

ISLAMABAD: The government has announced plans to extend electricity supply incentives, currently available to Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC), to all industrial estates and zones across the country. A revised mechanism, developed in consultation with China and approved by the Cabinet Committee on Energy (CCOE), removes regulatory barriers for power distribution companies (DISCOs) to supply…

Gold prices hit all-time high in Pakistan

January 24, 2025January 24, 2025 Admin

Gold prices have surged to historic levels in Pakistan, driven by increases in both the international and local markets. In the global bullion market, the price of gold rose by $29 per ounce, reaching $2,772, Express News reported. Locally, gold prices hit record highs on Friday. The price of 24-karat gold climbed by Rs2,900 per tola to reach Rs289,600, while…

Global LNG: Asian spot LNG little changed on ample stocks, mild weather

January 24, 2025January 24, 2025 Admin

KUALA LUMPUR: Asian spot liquefied natural gas (LNG) prices were little changed this week, as ample inventories and mild weather capped demand from East Asian buyers. The average LNG price for March delivery into north-east Asia rose slightly to $14.00 per million British thermal units (mmBtu), industry sources estimated. “Demand in Asia remains tepid, with East Asia demand relatively constrained…

Pakistan, World Bank agree to expedite implementation of Dasu Hydropower Project

January 24, 2025January 24, 2025 Admin

Pakistan and the World Bank have agreed to expedite the implementation of Dasu Hydropower Project (DHP) planned to build a 242-metre tall dam that will support a 4,320 megawatts (MW) hydropower station. The development was shared by World Bank’s Vice President for South Asia Martin Raiser in a post on X, after a meeting with Pakistan energy ministers, Sardar Awais…

Dr Musadik Malik and Martin Raiser discuss the progress on projects, commits for continued engagement

January 24, 2025January 24, 2025 Admin

January 24, 2025 — Dr. Musadik Malik, Federal Minister for Water Resources met today with Martin Raiser, World Bank’s Vice President for South Asia, to engage in comprehensive discussions aimed at deepening cooperation and advancing development initiatives. The meeting, held in Islamabad, underscored the mutual commitment to fostering strong economic relationships and addressing shared challenges such as energy security. Both…

Awais Leghari for installation of smart meters at Distribution Level Transformers by World Bank for Transparency & just load-management

January 24, 2025January 24, 2025 Admin

7% increase in industrial electricity consumption in December 24 due to Bijli Sahulat Package : Awais Leghari Federal Minister for Power Sardar Awais Ahmed Khan Leghari has urged the World Bank for provision of funds and investment for installation of Smart Meters at Distribution Level Transformers in order to bring transparency and cater for unjust load-management due to losses at…

TDAP CEO Zubair Motiwala Steps Down to Focus on Business

January 24, 2025January 24, 2025 Admin

KARACHI: Zubair Motiwala, Chief Executive of the Trade Development Authority of Pakistan (TDAP), has resigned from his position, citing personal reasons. Speaking to The News on Thursday, Motiwala confirmed his decision, stating, “I resigned to focus fully on my own business.” A renowned textile industrialist and exporter, Motiwala has held several prominent roles, including President of the Karachi Chamber of…