Author: Admin

Govt Weighs Withdrawal of Sales Tax Exemption on Solar Panels in Budget 2025-26

Admin
solar

ISLAMABAD: The federal government is reviewing a proposal to withdraw the sales tax (ST) exemption currently applicable to solar panels in the upcoming 2025-26 federal budget, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial confirmed on Thursday. Responding to a question during a Senate Standing Committee on Finance meeting at Parliament House, Langrial stated that the FBR is examining options to phase out various tax exemptions, including those for imported solar equipment. The move, if finalized, could impact the affordability of solar energy solutions amid growing demand for clean…

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Industrial Consumers Slam Unpredictable Power Tariff Hikes, Demand Transparency

Admin
Power-sector

ISLAMABAD: Industrial power users on Thursday voiced strong criticism over the latest hike in electricity tariffs, denouncing the unpredictable fuel cost adjustments (FCA) despite repeated government promises of sectoral reforms and lower power rates. During a public hearing led by National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar, stakeholders objected to the proposed Rs1.27 per unit FCA by distribution companies (Discos). Industrial representatives, particularly from Karachi and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said the hike undermines the recent tariff relief of Rs7.41 per unit…

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Nepra Rebukes K-Electric Over Prolonged Outages, Mismanagement

Admin
K-Electric

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued a stern warning to K-Electric over persistent and excessive loadshedding in Karachi, particularly during peak summer months, calling the situation unacceptable and detrimental to both public welfare and the economy. In a letter addressed to the CEO of K-Electric, Nepra expressed grave concern over widespread public complaints, with several areas reportedly facing over 12 hours of outages daily—each lasting between 2.5 to 3 hours. The regulator noted that these power disruptions are severely affecting residents, worsening law and order, and…

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Federal Minister for Petroleum Visits PSO House to Engage with Key Energy Stakeholders

Admin
Petroleum

Karachi, May 29, 2025 — Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, accompanied by Mr. Zafar Abbas, Additional Secretary Petroleum, Ministry of Energy (Petroleum Division), Director/ Deputy Secretary Waqas Ahmed Barlas, visited Pakistan State Oil (PSO) House today as part of a strategic outreach to key stakeholders in the petroleum sector. They were received by Chairman of the PSO Board of Management, Mr. Asif Baigmohamed, and Mr. Abdus Sami, Chief Supply Chain Officer and current officiating the Managing Director’s office, PSO, along with senior members of the PSO leadership…

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Oil prices inch up as US bans Chevron

Admin
oil price

BEIJING: Oil prices ticked up in early trading on Wednesday as the US barred Chevron from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply. Brent crude futures rose 47 cents, or 0.73%, to $64.56 a barrel by 0028 GMT, while US West Texas Intermediate crude gained 49 cents, or around 0.8%, to $61.38 a barrel. The Trump administration has issued a new authorization for US major Chevron that would allow it to keep assets in Venezuela but not to export…

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