SEPRA likely becoming functional by August end to remarkably reduce electricity tariff for Sindh’s domestic, industrial consumers: Nasir Hussain Shah Karachi: Sindh Energy Minister, Syed Nasir Hussain Shah, has said the electricity prices for domestic and industrial consumers in the province will significantly be reduced with Sindh Electric Power Regulatory Authority (SEPRA) likely becoming functional by end of next month…
Read More
ISLAMABAD: The federal government is set to implement substantial reductions in the prices of petrol and high-speed diesel (HSD) effective August 1, 2024. According to oil marketing companies (OMCs), the price of petrol is expected to decrease by Rs6 per liter, while HSD will see a reduction of Rs11.50 per liter. Additionally, kerosene oil and light diesel oil (LDO) are…
Read More
ISLAMABAD: Federal Minister for Petroleum Musadik Malik announced a Rs 50 billion energy subsidy package on Tuesday, aimed at low-income households consuming up to 200 units of electricity. This initiative will benefit 86 percent of households, ensuring they retain last year’s power tariff. Additionally, Rs 600 billion has been allocated for the Benazir Income Support Programme (BISP) to assist the…
Read More
ISLAMABAD: President Asif Ali Zardari emphasized the need for stronger cooperation with the Commonwealth in addressing climate change, education, parliamentary exchanges, and disaster preparedness during a meeting with Commonwealth Secretary-General Patricia Scotland at Aiwan-i-Sadr on Tuesday. President Zardari highlighted the severe impact of erratic weather patterns on Pakistan, particularly the extensive damages from the 2022 floods. He mentioned the Sindh…
Read More
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) faced severe criticism from political and business circles in Karachi on Tuesday after K-Electric requested an additional fuel cost adjustment (FCA) of Rs5.45 per unit for May and June. The private power utility demanded an additional FCA of Rs2.53 per unit for May and Rs2.92 per unit for June, amounting to a…
Read More
KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to attain macroeconomic stability for sustainable growth because if the government, without attaining macroeconomic stability, takes growth-oriented steps which was done in the past, it would face balance of payment issue so there was no choice but to take difficult decisions for macroeconomic stability…
Read More
KARACHI (July 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries & Production Rana Tanveer, in their meeting at CM House, discussed the revival of the Pakistan Steel Mill plan and the establishment of a Special Economic Zone on the remaining land. The meeting was attended by Provincial Minister Industries Jam Ikarm Dharejo, Chief Secretary Asif…
Read More
As the world grapples with climate change and environmental degradation, the shift towards renewable energy has become more critical than ever. Pakistan, with its abundant natural resources, is well-positioned to harness renewable energy to meet its growing energy demands. In this blog, we will explore the future of renewable energy in Pakistan, focusing on the opportunities and challenges that lie…
Read More
ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has formally requested detailed information on independent power producers (IPPs) from the government, invoking the Right of Access to Information Act to promote transparency in the power sector. APTMA’s request aims to foster transparency and accountability in public matters, using the information for research and analysis to better understand the governance and…
Read More
ISLAMABAD: The Federal Board of Revenue (FBR) has granted a 100 percent tax credit to coal mining projects in Sindh that exclusively supply coal to power generation projects within the province. This update is part of the amendments introduced in the Finance Act 2024, as detailed in the FBR’s income tax circular number 1 of 2024 issued on Monday. The…
Read More
