Category: Recent Post

Taking some corrective measures in procurement of Liquefied Natural Gas (LNG), the government on Wednesday ordered its two entities — Pakistan State Oil and Pakistan LNG Ltd — to make public disclosure of bidding results in a timely manner to ensure transparency. “Both the entities are advised to publish the results of the procurement decisions within 24 hours on their respective websites,” ordered Energy Minister Hammad Azhar to the two state-owned entities involved in the procurement of LNG. In separate letters, the minister also asked the chairmen of the board…

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The National Electric Power Regulatory Authority (Nepra) has reserved its decision on the requests of K-Electric to increase tariff by Rs6.52 per unit on account of quarterly and monthly adjustments. However, it sought to reduce tariff by Rs1.50 per unit. The Karachi-based power utility had requested to allow an increase of around 37 paisa per unit in its normal tariff under quarterly adjustment for January-March 2021 period. According to petitions, K-Electric has pleaded to allow an additional charge of Rs1.98 per unit for electricity consumed in January, Rs2.495 for February…

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Retired Lt Gen Asim Saleem Bajwa was on Tuesday replaced by Khalid Mansoor as the authority to lead the affairs of the China-Pakistan Economic Corridor. A notification issued by the Prime Minister’s Office said Mansoor had been appointed as Special Assistant to the Prime Minister on CPEC Affairs with immediate effect. The appointment will be in an honorary capacity, it added. Bajwa announced his departure in a tweet, saying Mansoor was “fully equipped” to lead the authority in the future. “I bow my head before Allah Almighty for giving me…

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The Oil and Gas Regulatory Authority (Ogra) on Tuesday withdrew its notification from a day earlier that showed the purchase price of liquefied natural gas (LNG) cargo at $20.055 by the Pakistan State Oil (PSO), saying the petroleum corporation clarified it had scrapped the bid as it was ‘high’ and ‘unacceptable’. The withdrawal of the Ogra notification comes in the wake of Dawn report published Tuesday morning that said the state-run PSO had purchased a cargo of LNG at $20.055 per unit (almost 27.9pc of Brent) — the highest ever not only in…

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The Sui Northern Gas Pipelines Ltd has taken strict notice of alleged involvement of some of its officers in disconnecting gas supply to textile mills and issuing frivolous notices to them on lame excuses and pretexts. “I assure you people of uninterrupted gas supply to export oriented industry. I will also take action against all delinquent officials resorting to disconnection of gas connections or issuing frivolous notices to the mills without any solid reasons,” SNGPL Managing Director Syed Ali Javaid Hamdani assured a delegation of the All Pakistan Textile Mills…

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