Sindh Industries and Commerce Minister Jam Ikramullah Dharejo has deplored the federal government’s decision to ban the supply of gas to Sindh’s industries and termed it a prejudiced move. “We strongly condemn the Centre’s biased attitude,” he said while speaking to the media in Hyderabad on Wednesday. He reiterated that Sindh accounts for 70 per cent of Pakistan’s total gas…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday notified about 64 paisa per unit increase in electricity rates for ex-Wapda distribution companies (Discos) to generate about Rs4.4 billion additional revenue for the troubled power sector. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in February. This would be charged to consumers…
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The Economic Coordination Committee (ECC) of the cabinet on Wednesday put off a decision on payment of first installment out of Rs403 billion outstanding payments to independent power producers (IPPs) but approved about Rs457bn restructuring plan for Pakistan International Airlines (PIA) along with retrenchment of its 25 per cent workforce (about 3,500 staff) at a cost of Rs13bn. A meeting…
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Pakistan has been taking strides to improve the RLNG spot purchase process, and the last tender saw significant changes towards the goal. The previous process was time and again blamed and criticized for being too cumbersome and rigid, with painstakingly long tender closure dates, and out-of-date pricing structure linked with crude oil prices. That has changed for the better, and…
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ISLAMABAD: Former managing director of PLL Adnan Gilani Tuesday said he was shocked to see the inquiry report of the Petroleum Ministry. Talking in Geo News programme “Aaj Shahzeb Khanzada Kay Saath”, Gilani said after joining he would review agreements and payments every two or three months in a bid to avoid mistakes. Gilani said he came to know in…
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ISLAMABAD: In a new development, the National Accountability Bureau (NAB) has written a letter to the Power Division saying that the government has the full authority to execute their altered agreements with 47 IPPs in a bid to provide relief to those officials who are hesitant to implement the new agreements because of fears of possible action against them in…
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Pakistan’s ongoing battle with electricity is one that the country just can’t seem to overcome. The alarming rate of transmission, distribution losses, power theft and the resulting load shedding is one that has left the country in a constant state of grief for decades. More alarming is the estimated Rs 53 billion worth of power theft in Pakistan in 2018…
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Russian experts, on the request of Sindh Chief Minister Syed Murad Ali Shah, have agreed to submit their proposals for modernisation of Pakistan Steel Mills (PSM) for which a study visit would be conducted. This was emerged on Tuesday when a Russian delegation, led by its adviser Andrey Zubal, called on the Sindh CM and discussed matters of mutual interest,…
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Though the Federal Investigation Agency (FIA) is probing the oil crisis of last year, shortage of petrol and jet fuel may once again be looming in the country as stocks have plummeted to the lowest levels. The country has average storage capacity for 73 days. However, oil marketing companies were maintaining stocks for an average of 15 days as on…
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Islamabad: Pakistan government has launched mobile vaccination service to get the coronavirus vaccine to under served communities and ramp up vaccination amid the spike in cases. The mobile coronavirus unit aims to reach some of the country’s most vulnerable residents, particularly senior citizens above 80 years of age and people with disabilities, directly in their homes. The service is initially…
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