IMF calls government to relinquish its role of notifying electricity rates
IMF delegation asked authorities to undertake further revisions to the Nepra Act to ensure automatic notification of quarterly, annual and multi-year tariffs ascertained by the regulator on the lines of monthly fuel price adjustment announced directly by Nepra
Engro needs a year for next LNG import terminal decision
Royal Dutch Shell, trading house Gunvor and local company Fatima are partners in Engro’s second planned terminal which would be located at Port Qasim with a Floating Storage and Regasification Unit (FSRU) vessel processing the gas
NEPRA approves Rs0.41 per unit hike in power tariff
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved an increase of Rs0.41 per unit in the electricity tariff.
The decision was...
Oil extends slide from 7 percent slump the day before as outlook darkens
Crude oil has lost over a quarter of its value since early October in what has become one of the biggest declines since prices collapsed in 2014
Tapi gas pipeline to move forward after decades of delays
The first gas could be delivered to Afghanistan within around a year from the FID, and to Pakistan within two years
Law ministry delay hinders Privatisation Commission from appointing financial advisers
The commission was seeking the board’s go-ahead for hiring financial advisers for the privatisation of two LNG-fired power plants namely 1,230-megawatt Haveli Bahadur Shah and 1,233MW Balloki
IMF seeks increase in revenue collection without bringing in new measures
As per the IMF’s determination, the current growth rate in revenue collection of the FBR should almost be doubled without bringing new measures, said the sources.
Govt set to shock electricity consumers
–Govt decides to withdraw Rs146bn subsidy being given to domestic consumers
–Power Ministry proposes up to Rs20.70 per unit increase in price of...
Pakistan risks foreign investment with threat to reopen LNG deals: Former PM
Exxon Mobil returned to Pakistan in May with an investment in an offshore drilling project. It has expressed interest in building an LNG terminal in the country
KSE-100 index posts 7.8% YoY increase in profit for nine months of 2018
Profitability of KSE-100 index increased by 0.8% YoY during the third quarter of 2018
Energy blackouts have lessened due to CPEC: Report
Gwadar Port, a major project under CPEC, is fully operational, connecting Pakistan with a broader export market from the Middle East with Central Asia via land and maritime routes
Gas to overtake coal as world’s second largest energy source by 2030: IEA
China, already the world’s biggest oil and coal importer, would soon become the largest importer of gas and net imports would approach the level of the European Union by 2040, the IEA said
KP to construct 496MW ‘Spat Gah’ hydropower project in Kohistan
It would be constructed under public-private partnership mode
In race to fill LNG supply gap, project goalposts have changed
But projects have struggled to find off-takers as the world’s biggest buyers in Japan and South Korea seek nimbler terms while others such as India and Pakistan are less creditworthy
Oil prices rise by 1 percent after Saudi announces December supply cut
The announcement came after crude prices declined by around 20 percent over a month, as supply has surged, especially by the top-three producers the USA, Russia and Saudi Arabia