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NEPRA Detects Data Contradictions in Consumer Overcharges by Discos and KE

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Nepra-Price

Islamabad: The National Electric Power Regulatory Authority (NEPRA) has identified significant discrepancies in the data provided by Distribution Companies (Discos) and K-Electric (KE) regarding overcharged consumers. The overbilling occurred due to meter readings beyond the defined billing cycle and the incorrect application of the pro-rata mechanism, sources revealed. NEPRA had previously instructed Discos through letters issued on February 23, 2024,…

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SNGPL-NPPMCL Dispute Over Gas Supply Invoices Escalates to PM Office

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Gas-SNGPL

Islamabad: The ongoing dispute between Sui Northern Gas Pipelines Limited (SNGPL) and National Power Parks Management Company Limited (NPPMCL) has now reached the Prime Minister’s Office (PMO). The disagreement pertains to adjustments made by NPPMCL against SNGPL’s undisputed gas supply invoices, amounting to over Rs. 15.5 billion, as per an arbitration award issued in December 2021 by the London Court…

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Oil Industry Urges Immediate Government Action on Tax and Margin Issues

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oil company

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has called for urgent government intervention to address critical challenges threatening the sustainability of Pakistan’s downstream oil sector, including the removal of sales tax exemptions on petroleum products and delays in revising Oil Marketing Companies (OMCs) margins. In a letter to Prime Minister Shehbaz Sharif, OCAC Chairman Adil Khattak highlighted the financial strain…

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Government Extends SEZ Incentives to Industrial Estates

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Power-sector

ISLAMABAD: The government has announced plans to extend electricity supply incentives, currently available to Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC), to all industrial estates and zones across the country. A revised mechanism, developed in consultation with China and approved by the Cabinet Committee on Energy (CCOE), removes regulatory barriers for power distribution companies (DISCOs) to supply…

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TDAP CEO Zubair Motiwala Steps Down to Focus on Business

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Zubair-Motiwala

KARACHI: Zubair Motiwala, Chief Executive of the Trade Development Authority of Pakistan (TDAP), has resigned from his position, citing personal reasons. Speaking to The News on Thursday, Motiwala confirmed his decision, stating, “I resigned to focus fully on my own business.” A renowned textile industrialist and exporter, Motiwala has held several prominent roles, including President of the Karachi Chamber of…

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PPL Increases Gas Output at Shahdad X-1 Well in Sindh

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New-PPL

KARACHI: Pakistan Petroleum Limited (PPL) has significantly boosted natural gas production at its Shahdad X-1 well in the Gambat South Block, Sanghar District, Sindh, following a successful water shut-off operation. According to a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday, gas production at the well has surged from 2.2 million standard cubic feet per day (mmscfd) to…

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Energy Ministry Spends Billions on Free Electricity for Employees

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power-tariff

ISLAMABAD: Official documents presented in the National Assembly on Thursday revealed that the Energy Ministry spends billions of rupees annually on providing free electricity to over 200,000 current and retired employees. The records disclosed that these employees collectively consume 441.5 million units of electricity free of charge each year. Of this, 308.2 million units are allocated to serving employees, while…

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IMF Recommends Aligning CPP Gas Tariffs with RLNG Prices from February

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Pakistan-LNG

ISLAMABAD: The International Monetary Fund (IMF) has proposed aligning gas tariffs for captive power plants (CPPs) with re-gasified liquefied natural gas (RLNG) prices, effective February 1, 2025, as part of efforts to recover the full cost of energy. Previously, the government had agreed to disconnect gas supply to CPPs, citing inefficiency and the supply of electricity to these plants from…

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‘Saudi Arabia Eyes $600bn Investment, Trade Boost with US Over Four Years

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bin-Salman

Saudi Arabian Crown Prince Mohammed bin Salman has expressed plans to expand investment and trade with the United States by $600 billion over the next four years, according to the Saudi State News Agency. In a phone call with President Donald Trump, the crown prince highlighted the potential economic prosperity anticipated from the Trump administration’s reforms. He noted that Saudi…

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PM Lauds $20bn World Bank Partnership to Drive Economic Growth and Resilience

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world-bank

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday hailed the $20 billion Country Partnership Framework (CPF) with the World Bank as a groundbreaking initiative to address Pakistan’s developmental challenges and boost economic growth. Speaking at the launch ceremony, he described the decade-long collaboration as a transformative partnership promoting employment, IT-led development, and climate resilience. The prime minister emphasized that the CPF…

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