Federal Minister for Power Sardar Owais Ahmed Khan met with WAPDA Chairman Lt. Gen. (Rtd) Sajjad Ghani. In the meeting, there was a detailed discussion on the issues of early completion of the under construction projects of WAPDA. In the meeting, the Federal Minister issued instructions to NTDC for the timely completion of the electricity transmission line projects from WAPDA…
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Prime Minister Shehbaz Sharif is set to recognize and honor 65 leading exporters and compliant taxpayers in an award ceremony scheduled to take place at the PM Office today. The ceremony will feature the distribution of approximately 40 awards to prominent exporters from sectors such as textile, sports, surgical goods, pharmaceuticals, foods, steel, and others. In the category of compliant…
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Prime Minister Shehbaz Sharif has expressed concern over recent increases in gas prices. According to sources, the Prime Minister has issued directives to the Ministry of Energy to complete 16 tasks within one to three months. In response to a new proposal for a price hike in gas by SNGPL, the Prime Minister has directed for an assessment of OGRA…
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Ten power Distribution Companies (Discos) in Pakistan have submitted petitions to the National Electric Power Regulatory Authority (NEPRA) seeking a significant tariff adjustment totaling Rs2.765 trillion for various components of the tariff for the fiscal year 2024-25 under the multi-Year Tariff (MYT) framework. The petitions, filed by companies such as Lahore Electric Supply Company (LESCO), Faisalabad Electric Supply Company (FESCO),…
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The oil industry in Pakistan is sounding an alarm over the escalating issue of petroleum smuggling, which is causing significant disruptions and financial losses across the oil supply chain. Major stakeholders in the petroleum market, including the Oil Companies Advisory Council (OCAC), Oil Marketing Companies of Pakistan (OMAP), and Pak-Arab Pipeline Company Ltd (Papco), have raised urgent concerns with the…
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During the hearing on the request by Sui Northern Gas to increase gas prices further, Chairman Ogra Masroor Ahmad Khan has stated that the impact of mandatory gas price hikes is not justified. Chairman Ogra Masroor Ahmad Khan, along with Finance Member Muhammad Naeem and Oil Member Zain-ul-Abideen, is conducting the hearing at Sui Northern Gas Company’s head office. The…
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The recent increase in gas prices has led Prime Minister Shehbaz Sharif to express concern. According to sources, Prime Minister Shehbaz Sharif has issued directives to the Ministry of Energy to complete 16 tasks within 1 to 3 months. It has been reported that Prime Minister Shehbaz Sharif has also instructed the presentation of a forensic audit report on the…
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‘Climate finance must happen in partnership between public and private sectors,’ says FAB Chief Sustainability Officer Conference debut comes as UAE looks to become Sustainable Finance Hub Abu Dhabi, March 25 2024: World Future Energy Summit, the leading business event for future energy and sustainability hosted by Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse,…
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The Private Power and Infrastructure Board (PPIB) has issued a one-month ultimatum to Chinese Company M/s Azad Pattan Power (Pvt) Ltd -APPL to commence work on the 700.7-MW hydropower project. Failure to do so, along with obtaining approvals from M/s Sinosure, may lead PPIB to explore alternative options, according to sources familiar with the matter. This directive was conveyed during…
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