Category: Recent Post

The slow growth rate of electricity demand in the country, together with the rapid commissioning of new base-load power plants implies that the capacity payment obligations, which stood at Rs642 billion in 2018-19 will rise to Rs1.455 trillion by 2022-23. As a result, the average consumer tariff has been increasing and is to further increase as per the recently concluded agreement with the International Monetary Fund and multilateral development partners (MDPs). The Pakistani public is already strongly voicing its dislike of the rapid rate increases and one wonders how long…

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HANGU: In a bid to arrest widespread effects of third wave of Covid-19, the MOL Pakistan Oil and Gas Company B.V. has extended support to the district management by providing quality hand sanitizers and a sizable quantity of Personal protective equipment (PPEs) including face masks and disposable gowns. The donation was given to the district administration at a ceremony here, said a press release. Hameedullah Shah, Deputy Commissioner (DC) Hangu and Sardar Bahadar, additional deputy commissioner (ADC) Hangu appreciated the MOL Pakistan for the initiative. In his message, MOL Group…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :Oil and Gas Regulatory Authority (OGRA) Saturday said the fortnightly price-computation of the petroleum products would be carried out on May 17. The delay in the petroleum prices’ revision was owing to the countrywide anti-coronavirus SOPs (standard operating procedures) introduced to stem the spread of the deadly coronavirus; and the Eid-ul-Fitr holidays. “Due to lockdown and Eid holidays, it was decided that oil price computation will be done on May 17, 2021, ” OGRA Spokesman Imran Ghaznavi…

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has postponed the announcement of new prices of petroleum products on May 16, citing sources, ARY News reported. The announcement regarding the new prices of petroleum products could be made today (May 16, Sunday) as the Oil and Gas Regulatory Authority (OGRA) did not prepare the summary following Eidul Fitr holidays, sources told ARY News. It is expected that the regulatory authority will announce the new prices on May 17 after sending a summary to the Petroleum Division for approval. The modified…

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LAHORE: Power tariffs, bad governance, red tape, middleman, nepotism, and corruption are the key economic challenges that need proper legislation and rule-based governance. This was also the diagnosis of this government when it assumed power in August 2018. However even after 33 months in power the issues not only remain unresolved but have intensified. It has not happened for the first time. The rate of corruption has increased during the tenures of every government that assumed power in the last 25 years. The governance is at its worst in the…

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