Karachi– Sindh Chief Minister Syed Murad Ali Shah chaired a crucial meeting between Sindh Transmission and Dispatch Company (STDC) and the private partner Gul Ahmed Group. Gul Ahmed is setting up a 100 MW power plant in Jhimpir. STDC will lay a 60-kilometer transmission line from Jhimpir to the Landhi Industrial Area. Provincial Energy Minister Nasir Shah emphasized the significance…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has dismissed a proposal from electricity distribution companies (Discos) to extend the period for issuing detection bills under the Consumer Service Manual (CSM). NEPRA decided to retain the current two billing cycle limit for supplementary bills in cases of slow or defective metering installations. Gujranwala Electric Power Company (GEPCO) had filed a…
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ISLAMABAD: In a significant move to boost local production and exports, Prime Minister Shehbaz Sharif on Friday approved a substantial reduction of Rs10.69 per unit in the electricity tariff for the industrial sector. This decision lowers the new electricity price for industrial and export sectors to Rs34.99 per unit, following a recommendation by the National Electric Power Regulatory Authority (NEPRA).…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday announced a 20% increase in the national power tariff, aimed at securing approximately Rs3.8 trillion in funding for the 10 ex-WAPDA electricity distribution companies (Discos) for the fiscal year 2024-25. The new tariff, which will come into effect from July 1 after a formal government notification, raises the national average…
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ISLAMABAD: During the fiscal year 2023-24, at least 38 government departments exceeded their allocated budgets, necessitating additional funds through supplementary and technical grants, according to the Finance Division’s details of current expenditure. Key Departments Exceeding Allocations: Power Division: Spent Rs769.7 billion against an allocation of Rs450.5 billion, requiring an additional Rs319.1 billion.Defence Services: Allocated Rs1.8 trillion, but expenditures reached Rs1.835…
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KARACHI: The Sindh government has announced a substantial development outlay of Rs959.1 billion for the fiscal year 2024-25, marking a 30.5% increase from the current year’s Rs735 billion. In his budget speech, Chief Minister Syed Murad Ali Shah highlighted that the Annual Development Programme (ADP) would focus on the completion of ongoing projects from the past decade, with no new…
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The government on Friday slashed the prices of petrol and high-speed diesel (HSD) for the next fortnight by Rs10.2 and Rs2.33, respectively. In a notification, the finance ministry said the prices of petroleum products had seen a mixed trend in the international market in the last fortnight. It said Ogra had worked out the consumer prices based on the international…
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ISLAMABAD: The National Power Control Centre (NPCC) is set to send two engineers to China to study the Stability Control System (SCS) of the north-south transmission line after the Chinese company M/s PMLTC refused to send its engineers to Pakistan due to security concerns following the Dasu Project attack. Sources revealed that M/s PMLTC has installed the SCS for the…
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ISLAMABAD: A delegation from the United States Treasury Department, led by Assistant Secretary Brent Neiman, addressed critical power sector challenges during their visit to Islamabad, focusing on issues such as circular debt and tariffs for wind projects. The delegation’s two-day visit aims to assess Pakistan’s economic situation, the potential for a new IMF program, and the overall business and investment…
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the release of Rs9 billion to clear outstanding price differential claims of Oil Marketing Companies (OMCs), including Pakistan State Oil (PSO). The decision was made during an ECC meeting chaired by Finance Minister Muhammad Aurangzeb. The Petroleum Division’s proposal to allocate Rs9 billion for the payment of these claims…
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