Electricity, gas and oil prices go through the roof, forcing consumers to cough up billions ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly…
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The National Electric Power Regulatory Authority (Nepra) on Friday approved a hike of around Rs1.72 per unit for K-Electric (KE) consumers on account of quarterly adjustments for electricity consumed in the second and third quarters of 2023. In its notification for adjustment in electricity rates of KE, Nepra said the tariff increase would apply to all consumer categories except lifeline consumers. The…
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ISLAMABAD: The Senate Standing Committee on Petroleum recommended to the government on Friday that private parties should be allowed to import liquefied natural gas (LNG) which would not only improve its availability but would also bring down prices through competition. The committee met in the Parliament House under the chairmanship of Senator Mohammad Abdul Qadir who recommended that officers from…
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December 29, 2023: The outgoing year 2023 has been a satisfying year for hydropower and water sectors in Pakistan. The country witnessed increased generation of hydel electricity, while under-construction WAPDA projects in water and hydropower sectors also achieved major milestones in 2023.WAPDA generated about 34 billion units of low-cost, clean and green hydel electricity in 2023, which is 2.2 billion…
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KARACHI (Dec 29): Caretaker Sindh Chief Minister Justice (Retd) Maqbool Baqar and Federal Minister for Commerce, Industries & Board of Investment Mr Gohar Ejaz Khan in their meeting at CM House discussed the need for the establishment of more Industrial Parks in Karachi.The CM said that industrialization was the only solution to develop the economy and create employment opportunities and…
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KARACHI: Consul General of Germany Dr. Ruediger Lotz has said that the textile sector was very important when it comes to bilateral trade as 85 percent of Pakistan’s exports to Germany comprises of textile products which, although was wonderful thing, but the exports need to be diversified to further improve the existing trade volume.Exchanging views at a meeting during his…
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GARHI KHUDA BAKHSH: Pakistan Peoples Party (PPP) chairman and former foreign minister Bilawal Bhutto Zardari has unveiled party’s 10-point agenda for general election 2024,Addressing a public gathering on the death anniversary of his mother and former prime minister Benazir Bhutto’s death anniversary in Garhi Khuda Bakhsh, Bilawal announced free electricity through solar power on consumption of 300 units after forming…
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Shortage disrupts operations, imperils export orders; govt, SSGC urged to intervene KARACHI: A critical shortage of natural gas accompanied by perilously low pressure is wreaking havoc on industrial production, leading to delays in export orders worth millions of US dollars and escalating the overall cost of doing business, according to distressed exporters. They are urgently calling on the government and…
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Suppliers of Last Resort licences will remain valid till April 2043 ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued separate licences of the Suppliers of Last Resort (SoLR) to seven electricity distribution companies (DISCOs) for 20 years with retrospective effect, ie, from April 27, 2023. The licences will remain valid till April 26, 2043. “The authority approves the…
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ECC agrees Pakistan will not slap arbitrary penalties on power plants ISLAMABAD: Pakistan on Thursday approved amendments to the energy deals signed with Chinese power plants to end arbitrary penalties but deferred decision on bringing a quad-nation gas pipeline project under the special foreign investment protection regime. The Economic Coordination Committee (ECC) of the cabinet authorised the energy ministry to…
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