Author: Admin

SHC Declares Backdated CPP Gas Levy Unlawful

Admin
CCp-Gas

KARACHI: The Sindh High Court (SHC) has ruled that the retrospective collection of a levy on gas supply to industrial captive power plants (CPPs) is unlawful, declaring such action ultra vires the relevant law. A two-member bench comprising Justice Adnan Iqbal Chaudhry and Justice Muhammad Jaffer Raza held that the levy could not take effect immediately upon the promulgation of the Off-Grid (Captive Power Plants) Levy Ordinance, 2025, as the ordinance itself did not determine the rate of the levy. The bench observed that under the Off-Grid Power Plants Levy…

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Two New Security Check Posts Approved for OGDCL Nashpa Plant

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New-OGDCL

PESHAWAR: The district administration of Karak has decided to establish two new security check posts at the OGDCL oil and gas plant in Nashpa to enhance protection of the strategically important facility. The decision was taken during a high-level meeting chaired by Additional Deputy Commissioner (General) Karak, Sahibzada Samiullah, which reviewed administrative, security, and technical matters concerning the Nashpa plant. The meeting was attended by the OGDCL regional coordinator, field manager, and security in-charge of the Nashpa plant, the Sub-Divisional Police Officer (SDPO) Banda Daud Shah, tehsildars of Karak and…

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PPEPCA Urges Govt Intervention to Clear Rs1.55trn Overdue Payments to E&P Firms

Admin

ISLAMABAD: The Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) has sought the Ministry of Energy’s urgent intervention to resolve the issue of overdue receivables amounting to Rs 1.547 trillion owed to exploration and production (E&P) companies by Sui gas utilities, official sources told Business Recorder. In a letter addressed to the federal minister for energy, the secretary, and other senior officials, PPEPCA referred to its earlier correspondence dated August 22, 2025, highlighting the continued default by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL)…

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OCAC Asks Ogra to Revisit Line Fill Financing Cost Recovery Mechanism

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New-OCAC

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has urged the Oil & Gas Regulatory Authority (Ogra) to review and rationalise the existing recovery methodology for line fill financing costs, seeking permission for recovery at the actual financing rate incurred by Oil Marketing Companies (OMCs) to ease growing financial pressure on the industry. In a letter to Ogra’s Executive Director (Finance) Altaf Hussain, OCAC Secretary General Syed Nazir Abbas Zaidi referred to Ogra’s letter dated January 13, 2026, and discussions held during a meeting on January 14, 2026, chaired by the…

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Abandoning Costly Power Procurement to Save $17bn, Says Power Minister

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Awais-Leghari

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari has said the government has abandoned the procurement of around 8,000 megawatts of expensive electricity purely on merit, a move expected to save nearly USD 17 billion. Addressing a news conference on Sunday, the minister said losses of power distribution companies are being absorbed by the federal government instead of being passed on to consumers. He added that wide-ranging power sector reforms are underway, leading to improved recoveries and a significant reduction in losses and circular debt. According to Leghari,…

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