Mini Budget 2023

mini-budget

Pakistan is set to announce a mini budget to generate about Rs200 billion additional revenue to meet IMF Conditionalities. The mini budget will be placed before and approved by parliament ahead of IMF final talks on 16.02.2023.The government is taking harsh taxation measures on the demand of the IMF to general more revenue for lower the fiscal deficit.Sources in FBR…

Read More

Europe’s Energy Crisis Leaves Almost All Of Pakistan Without Power

Pakistan faced an almost nationwide power outage on Monday. A significant energy shortage is one of the main drivers of the nation’s current economic crisis…………..The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway…

Read More

For brain storming I am of the view that if in winter total NTDC load is 9000 MW if aardvark group of 1200 MW tripped due to any fault then expected drop in frequency

electric

.For brain storming I am of the view that if in winter total NTDC load is 9000 MW if aardvark group of 1200 MW tripped due to any fault then expected drop in frequency will be around 6% .let say if Kanuup 2400 MW tripped the drop in frequency in winter will be around 13% and in summer it will…

Read More

Pakistan blackout: Cash-strapped nation cuts power to save money, then can’t turn it back on

Hospitals, schools, factories and tens of millions of homes across Pakistan were left without power Monday after the country’s electricity grid suffered a nationwide outage. The huge blackout, right as parts of the country struggle through a harsh winter, was blamed by the country’s federal energy minister Khurram Dastgir-Khan on a surge that knocked out the network. In a bid…

Read More

The Private Power Infrastructure Board (PPIB) has approved the name of law firm M/s Howard Kennedy for representing the government of Pakistan in LCIA Arbitration in M/s Star Hydropower Limited (SHPL) case

The fee of law firm will be £230,000 whereas fee of barrister will be finalized by the Attorney General Office, the sources added. Recently, MD PPIB, Shah Jahan Mirza apprised the Board that Star Hydro Power Limited (SHPL) and NTDC entered into dispute over delay in installation of Power Purchaser Inter-Connection Facility by NTDC. Both parties filed counter arbitral claims…

Read More

OGDCL, Tehzibul Akhlaq Trust Collaborate to Promote Education

ogdcl

December 17, 2022: Aiming to revolutionize the education system of Pakistan, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MoU) with Tehzibul Akhlaq Trust for sponsoring education with the concept of transforming societies.The seven-year program mainly focuses on providing free education to 25 students in the Baluchistan province’s OGDCL operational areas. These students will…

Read More

Regarding additional 100-MW electricity from Iran,

electric

Regarding additional 100-MW electricity from Iran, Power Division has informed that the Jiwani to Gwadar transmission line of 60-KM would be completed during the current month and it will be provided 60-70 MW on one circuit. Evacuation, foundation concreting and backfilling work is in progress whereas 25-KM string work has been completed. NTDC component will be completed this month whereas…

Read More