Pakistan’s power generation drops 1.9%, costs down by nearly 11% in June 2024
Reduction in cost was largely due to 19% decrease in the cost of power generation from imported coal
NEPRA to hear tariff revision request from seven IPPs today
Nishat Chunian, Nishat Power, Narowal Energy, Liberty Power, Engro Powergen, Sapphire Electric, and Saif Power seek adjustment in exchange rate mechanism
SNGPL cut 18,735 gas connections over non-payment of Rs 894m
The Sui Northern Gas Pipe Line (SNGPL) has severed gas connections of almost 18,735 consumers in first three months of the calendar...
Is the policy to keep petrol prices unchanged sustainable?
The govt responded to this conundrum by correspondingly decreasing the applicable sales tax rates on high-speed diesel from the current 22 percent to 17.5 percent for high-speed diesel (HSD), for petrol from 9.5 percent to 4.5 percent and kerosene oil from 6 percent to 1.5 percent
Pakistan to receive Russian imported oil in small ships via Oman
ISLAMABAD: Minister of State for Petroleum Musadik Malik on Wednesday said that the first ship carrying 100,000 tonnes of crude oil will...
Power Division posts record increase in revenue
--Statistics indicate efforts against power theft are finally bearing fruit
ISLAMABAD: In the first month of the new fiscal year i.e. July 2019,...
SSGC jacks up LPG prices by Rs10 per kg
The Sui Southern Gas Company (SSGC) has increased the LPG prices by Rs10 per kilogram after which domestic cylinder and commercial cylinder...
Planning minister underscores need for regional connectivity
Khusro Bakhtiar says timely completion of CASA-1000 project is among top govt priorities
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has...
Asia’s surging gas demand opens opportunity for LNG projects
NUSA: Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for...
Oil Tankers and Contractors Association to go on strike from Nov 13
KARACHI: All Pakistan Oil Tankers Association (APOTA) Chairman Yousuf Shahwani has said that the countrywide strike will start from November 13.
Yousuf Shahwani...
SBP to purchase Rs111 billion Ijara Sukuk with three-year maturity period
The acquisition of the issue by the central bank would assist Islamic Banks in coping with surplus liquidity and resources
Crude oil production stands at 24.2 mbl in nine months
Pakistan’s domestic crude oil production stood at 24.2 million barrels (mbl) in first three quarters of the current fiscal year as compared...
Disco’s recoveries fall, as circular debt crosses Rs750 billion
ISLAMABAD: The Power Ministry on Monday acknowledged on Monday circular debt has crossed over Rs750 billion due to decrease in recoveries in...
Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General...
IESCO decides action against electricity defaulters
ISLAMABAD: Various ministries, divisions, and government institutions have defaulted on electricity bills worth billions of Pak rupees, and Islamabad Electric Supply Company...