Author: Admin

PSOCL’s Outstanding Dues from PIA Surge to Rs 28.88 Billion

Admin
PSO-PIA

ISLAMABAD: Minister for Energy (Petroleum Division) Ali Pervaiz Malik has revealed that Pakistan State Oil Company Limited (PSOCL) is owed Rs 28.88 billion by Pakistan International Airlines (PIA) for jet fuel supplies as of February 28, 2025. This includes Rs 14.29 billion in principal dues and Rs 14.59 billion in late payment surcharges. In a written response to the National Assembly, the minister stated that PIA’s ongoing financial struggles have hindered its ability to meet payment obligations. He assured that PSO is actively pursuing the airline for an early resolution…

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KE Requests Rs 4.84 Per Unit Negative FCA Adjustment for January

Admin
NEPRA-KE

ISLAMABAD: K-Electric (KE) has submitted a request for a negative Fuel Charges Adjustment (FCA) of Rs 4.84 per unit for January 2025, which would provide financial relief of Rs 4.695 billion to its consumers. Additionally, KE is seeking approval to adjust Rs 13.5 billion in pending fuel cost variations from previous months. The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on March 20, 2025, to review the request. In its submission, KE explained that following the approval of its Generation Tariff post-June 2023, it had submitted…

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Petrol Prices Likely to Drop by Rs14 Per Litre

Admin
Petrol-Diesel

ISLAMABAD: The prices of petroleum products are expected to decline by up to Rs14 per litre for the upcoming fortnight, ending March 31, due to fluctuations in global oil prices and import premiums. However, this relief depends on the government maintaining current tax rates. Officials indicate that authorities are considering absorbing part of the price reduction by increasing the petroleum levy or introducing a carbon tax. This move aims to secure an additional $1 billion in IMF funding for climate adaptation and mitigation. Based on existing tax structures, the ex-depot…

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FPCCI demands End to Curtailments for 12 Wind Power Projects Which Have Low Tariff

Admin
Wind-Power

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has raised serious concerns regarding the ongoing curtailment on 12 wind power projects which have low tariff. He added that this is happening despite their cost-effectiveness and alignment with national energy goals, he added. Mr. Atif Ikram Sheikh has criticized the continued preference for expensive, obsolete power sources; urging the government to adhere to the Renewable Energy Policy 2006. He emphasized that the current situation is causing significant curtailments; leading to substantial financial losses for wind energy project developers. This scenario is impacting…

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Sindh govt achieves progress through digital transformation, infrastructure uplift, agricultural advancements: Murad

Admin
infrastructure

• Infant mortality rate stands at 2.9% half of Pakistan,• Digitalisation of Sindh police; excise taxes, KARACHI (Wed March 12): Sindh Chief Minister Syed Murad Ali Shah presented a 171-page report detailing his government’s achievements from March 2024 to March 2025 saying that the Government has achieved remarkable progress over the past year through digital transformation, infrastructure development, and agricultural advancements. He added that these initiatives have significantly impacted public services, business facilitation, and socio-economic growth. The presentation, held at the CM House, highlighted key initiatives in healthcare, education, IT,…

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