ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has initiated an inquiry into the unprecedented Rs7.13 per unit additional fuel cost adjustment (FCA) proposed by distribution companies (Discos). Nepra announced its decision during a public hearing on an FCA petition filed by the Central Power Purchasing Agency (CPPA) on behalf of Discos. The aim is to extract an additional Rs57…
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In a recent development reported by The Express Tribune on February 23, 2024, a staggering proposal has emerged, suggesting a budget of Rs1.5 billion for the salaries and perks of the newly elected members of the 16th National Assembly. The proposed benefits include lavish allowances, extensive travel privileges, and even blue passports for the MNAs and their families. According to…
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KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep concerns over rising cost of doing business due to unbearable hike in energy tariffs, feared that the day was not far when thousands of jobless people would come out on streets to protest against the government’s policy to keep on raising gas and electricity tariffs…
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Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari declared Murad Ali Shah as the party’s nominee for the position of Sindh chief minister. Bhutto expressed confidence in the party’s ability to outperform its previous term, stating, “We will surpass our own achievements.” Additionally, Bhutto revealed that PPP has selected Awais Shah as their choice for the Speaker of the Sindh…
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A summary of Petroleum Division regarding IP Gas Pipeline was taken up by the Cabinet Committee on Energy (CCoE) in its session of February 23, 2024. The CCoE approved the recommendations of the Ministerial Oversight Committee for the IP Project constituted by the Prime Minister in September 2023 whereby the Committee recommended to start work on the 80 km segment…
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The power sector of Pakistan has remained under severe stress for more than two decades. To fill the gap between supply and demand the government introduced three Power Polices in 1994, 2002 and 2015 and signed long-term agreements of up to 25 years with 79 IPPs (independent power producers). According to a report by an inquiry committee headed by Muhammad…
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ISLAMABAD: Pakistan’s power sector circular debt has soared to Rs2.635 trillion in the first seven months of the fiscal year 2023-24, compared to Rs2.626 trillion during the same period in 2022-23. According to official documents, the total payables to power producers amounted to Rs1.760 trillion, with Rs111 billion owed by generation companies (Gencos) to fuel suppliers, and Rs765 billion parked…
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PESHAWAR: The Khyber Pakhtunkhwa (KP) government has initiated an investigation into alleged manipulation and fraud in the bidding process for the Rs40 billion Gabral Kalam 88MW hydropower project, following complaints received regarding the awarding of the contract. A letter from the KP Energy Department has instructed the Pakhtunkhwa Energy Development Organisation (PEDO) to conduct a thorough investigation, ensuring transparency and…
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ISLAMABAD: In a public-private dialogue organized by the Sustainable Development Policy Institute (SDPI) as part of its Clean Energy Transition Programme, experts discussed the need for innovative financing and technological advancements to facilitate a just and clean energy transition in Pakistan. Titled “Beginning of the End: Transitioning away from Coal – Forging an Orderly, Equitable, and Just Energy Transition in…
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ISLAMABAD: Highlighting the need to boost trade, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz, expressed Pakistan’s ambition to elevate bilateral trade with Saudi Arabia to $20 billion. Addressing the Pakistan-Saudi Business Forum in Riyadh, Ejaz emphasized the intention to enact legislation to foster bilateral investment, as per a press release from the commerce ministry. Ejaz also held discussions…
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