ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed significant policy deviations and inefficiencies by the Director General Petroleum Concession (DGPC) in managing oil and gas exploration companies, leading to substantial losses for the national exchequer. An audit revealed that gas production dropped from 4,047.95 million cubic feet per day (mmcfd) to 3,597.36 mmcfd, and crude oil production fell from…
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PM Forms Committee to Evaluate Additional Utility-Scale Renewable Energy Projects
ISLAMABAD: Prime Minister Shehbaz Sharif has established a committee to assess the benefits of additional utility-scale renewable energy projects in the public sector. According to sources, the committee will independently evaluate the technical, commercial, and economic parameters of integrating additional solar capacity into the power system, as reported by Business Recorder. The committee comprises the following members: Musadik Malik, Minister…
Read MoreSharjeel Memon Criticizes K-Electric Over Inflated Bills and Power Outages
KARACHI: Sindh Information Minister Sharjeel Inam Memon harshly criticized K-Electric (KE) on Monday for issuing inflated bills to consumers and causing prolonged power outages across Karachi. In his statement, Memon referred to KE as an “uncontrolled horse” and called for an audit of the company’s balance sheet to determine its profit margins. He pointed out that under an agreement, KE…
Read MoreKMC to Shift Street Lights on 106 Roads to Solar Energy
KARACHI: In response to rising electricity tariffs, the Karachi Metropolitan Corporation (KMC) has announced plans to install solar-powered street lights on major roads across the city. This initiative will be carried out under the World Bank-funded Competitive & Liveable City of Karachi (CLICK) project, as stated by Mayor Barrister Murtaza Wahab during a meeting at his office on Monday. The…
Read MoreBudget 2024-25: Govt Considers Revoking Tax Waivers for Wealthy
ISLAMABAD: The government is contemplating the withdrawal of tax concessions that disproportionately benefit high-earning individuals, a proposal likely to impact the wealthy while sparing the middle class, Dawn learned on Monday. The International Monetary Fund (IMF) has suggested that the government treat salaried employees’ incomes similarly to non-salaried individuals’ incomes as personal income. However, the Federal Board of Revenue (FBR)…
Read MoreSeminar on net metering, distributed generation policies Well-off power consumers having rooftop solar systems be permitted to donate excess electricity to charitable causes in Pakistan
Karachi: Well-off consumers with rooftop solar systems should have the opportunity to donate excess clean energy to charitable causes, benefiting deserving segments of society. Moin M Fudda, former managing director of the Karachi Stock Exchange and ex-chairman of Central Depository Company of Pakistan, suggested this to the government regarding the potential revision in net metering policy in the country. Fudda,…
Read MoreSeminar on net metering, distributed generation policies
Well-off power consumers having rooftop solar systems be permitted to donate excess electricity to charitable causes in Pakistan Karachi: Well-off consumers with rooftop solar systems should have the opportunity to donate excess clean energy to charitable causes, benefiting deserving segments of society. Moin M Fudda, former managing director of the Karachi Stock Exchange and ex-chairman of Central Depository Company of…
Read MoreMalaysia to cut diesel subsidies, saving $852m annually
KUALA LUMPUR: Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 billion ringgit ($852 million) annually, Prime Minister Anwar Ibrahim said on Tuesday. Anwar has repeatedly vowed to shift away from blanket subsidies to a targeted system that mainly aids low-income groups. Malaysia subsidises fuel, cooking oil, and…
Read MorePrevious flawed decisions hampering improvement in power sector?
ISLAMABAD: Pakistan’s power sector has shown little, if any, sign of improvement in decades due to the irreversibility of past flawed decisions including contracts signed under the umbrella of the China Pakistan Economic Corridor (CPEC) that favour the Independent Power Producers (IPPs), coupled with the policy of net metering allowed for solarisation thereby overburdening the remaining consumers through ever rising…
Read MoreGandapur, Centre to ‘jointly address’ K-P power woes
ISLAMABAD: Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur on Sunday met with Interior Minister Mohsin Naqvi and Federal Energy Minister Awais Ahmad Khan Leghari wherein they agreed to jointly address the various issues being faced by the province including prolonged power outages. According to a statement issued by the interior ministry, they exchanged views on the prevailing situation in K-P. It…
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