Author: Admin

Electricity prices slashed across Pakistan under monthly fuel charges adjustment

Admin
New-NEPRA

According to notifications, relief will be reflected in electricity bills for March Power tariffs for KE consumers will see drop of Rs3 per unit. For rest of country electricity prices lowered by Rs2.12 per unit. K-Electric gets cut under Dec FCA, while rest of country for Jan. ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity prices for consumers across the country under the monthly fuel charge adjustment (FCA), official notifications issued on Thursday stated.Power tariffs for K-Electric (KE) consumers will see a cut of…

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SSGC Board  approves JJVL plant resumption on SIFC directed terms

Admin
JJVL-SSGC

ISLAMABAD : The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGCL) has finally approved the revenue sharing formula between the gas utility company and Jamshoro Joint Venture Limited JJVL as per the directions of Special Investment Facilitation Council, (SIFC) sources told Newzshewz .The eleventh ECM previously directed for resumption of JJVL plant as per revenue sharing formula (to be used as benchmark) which was earlier endorsed by the Supreme Court of Pakistan (SCP) based on agreement between the parties.The SCP had approved interim revenue sharing of 57%…

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Present govt slashes average electricity rate by Rs 4.96/kwh in one year: Awais Leghari

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Awais-Leghari

The present Pakistan Muslim League (Nawaz)-led federal government during its first year in power has been able to reduce the average electricity rate for consumers in Pakistan by 4.96 per kwh.The Power Minister, Awais Ahmed Khan Leghari, disclosed this in his presentation before the recently convened special meeting of the federal cabinet to review the one-year performance of the government in Islamabad led by Prime Minister Shehbaz Sharif. Leghari told his cabinet colleagues and senior government functionaries that the average per unit cost of electricity in Pakistan had stood at…

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Meritless appointments threaten future of gas utility

Admin
New-SNGPL

In a recent podcast with famous host Sohail Iqbal Bhatti, senior journalist Syed Khalid Mustafa brought to light critical concerns regarding the appointments made by the government to the Board of Directors of Sui Northern Gas Pipelines Ltd (SNGPL). Mustafa asserts that these appointments lack merit, ultimately hindering SNGPL’s ability to fulfill its fundamental charter and objectives without incurring further financial deficits. Mustafa, who has a deep understanding of Pakistan’s energy sector, criticized key appointments as emblematic of elite capture and conflicts of interest. He highlighted the appointment of Ismail…

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Pakistan appoints Bilal bin Saqib as chief crypto advisor

Admin
crypto advisor

As Pakistan moves toward formalizing its stance on cryptocurrency, the government has appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council. The move comes as Pakistan seeks to reaffirm its commitment to embracing technological advancement while ensuring sound policy measures that support the national economy, digital transformation, and a secure, transparent financial system for all, read a statement released by the Finance Division on Wednesday. As per the statement, Saqib, recognized by Forbes, is a Web3 investor, strategic advisor, and thought leader in the…

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