Author: Admin

Power firms seek to extract Rs12.2bn more for Feb usage

Admin
Power-sector

ISLAMABAD: After charging a positive fuel cost adjustment (FCA) of Rs1.63 per unit in the current month, the power companies have sought to extract another Rs1.64 per unit from consumers across the country in April bills, as demand rose.The Central Power Purchasing Agency (CPPA) demanded payment of higher fuel costs on account of power consumed in February, even though more than 75 per cent of power generation came from domestic, cheaper sources. Electricity consumption was reported to be around 11.42pc higher than in the same month last year but about…

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Energy shockwaves from Middle East war: Pakistan must exploit Its own resources

Admin
OIl Price

The ongoing turmoil in the Middle East has exposed a stark reality: Pakistan’s energy security is perilously dependent on external sources. The ongoing conflict between Iran and the United States, coupled with the blockade of the Strait of Hormuz, has disrupted nearly 80% of Pakistan’s energy imports. Oil prices have surged from $75–80 per barrel to $118, while LNG supply disruptions have left national reserves sufficient for only two weeks. Industries are under severe pressure, exports are threatened, and inflation is escalating. This crisis is a clarion call for Pakistan…

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Unjustified Curtailment of Pakistan’s Cheapest Wind Power at Rs. 14 Pushes Projects Toward Financial CollapseAtif Ikram Sheikh, President FPCCI

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wind-power

Karachi: A consortium of Pakistan’s leading wind energy producers today issued an urgent rebuttal to recent claims made by the Independent System and Market Operator (ISMO), warning that the systematic and unjustified curtailment of wind power plants— the nation’s most affordable energy source at just Rs. 14 per unit —is driving the renewable energy sector toward a catastrophic financial breaking point.The consortium explicitly rejects recent media statements from the ISMO suggesting that curtailment is not occurring or is being managed effectively. Furthermore, the consortium highlights that the current compensation mechanism…

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PM Shehbaz Directs Urgent Measures to Strengthen Petroleum Supply Chain Amid Regional Uncertainty

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Shehbaz-Sharif

Islamabad: Prime Minister Shehbaz Sharif has directed authorities to take proactive steps to reinforce Pakistan’s petroleum import supply chain in light of ongoing regional uncertainties impacting global energy markets. Chairing a high-level meeting on fuel conservation and economic stability, the Prime Minister instructed Petroleum Minister Ali Pervaiz Malik to ensure preparedness for any potential disruptions. He also directed all relevant institutions to remain ready for emergency interventions until the situation stabilises. Officials briefed the meeting on progress made in implementing the government’s austerity and resource conservation measures. It was noted…

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Oil Price Surge Fuels Inflation Fears, SBP May Hike Interest Rates

Admin
Oil-Price1

Karachi: A sharp rise in global oil prices amid escalating tensions in the Middle East has heightened inflationary concerns, prompting expectations that the State Bank of Pakistan (SBP) may increase its policy rate in the upcoming monetary policy meeting scheduled for April 27. Financial analysts point to a significant jump in treasury bill (T-bill) yields in the latest auction as a clear signal of tightening monetary conditions. Yields rose by up to 100 basis points, creating room for a potential increase in the benchmark interest rate, which currently stands at…

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