Nepra rejects govt’s reconsideration request on bagasse fuel pricing
Federal government's appeal dismissed on procedural grounds; new mechanism clarified
Govt, power regulator poles apart on revenue-based load-shedding
Power minister defends practice calling it a necessity, Nepra calls for legal amendment
Cnergyico Pk Ltd. announces resumption of refinery operations
After a brief hiatus, Cnergyico to resume operations on May 25, bolstering economic prospects for local industries
TAPI pipeline to be funded bilaterally amid lack of int’l support
In the absence of international funding, Pakistan and Turkmenistan take the reins in financing the strategic pipeline project
FBR blocks over 11,000 SIMs of non-tax filers amid legal disputes
Over 11,000 SIMs of non-tax filers blocked as FBR intensifies tax compliance efforts
KE receives NEPRA’s approval for power acquisition programme
Approval of programme sets stage for energy capacity expansion through 2028
Power sector circular debt soars to Rs2.63tr
Govt had previously assured the IMF of maintaining the power sector's circular debt at Rs2.31tr
Govt to shift from net to gross metering for solar panels amid IMF talks
Plan aims to bolster grid electricity usage and power company revenues, pushing consumers towards more costly grid power
Govt seeks extension on $15.4m energy debt
Restructuring could lower energy costs by Rs3 per unit, easing the burden on consumers
Pakistan, China likely to forge partnership on petrochemical refinery next month
Crucial MoU for joint refinery project involves major players like Sinopec and Saudi Aramco
Govt proposes carbon tax on petroleum amid IMF push for uniform VAT
In efforts to comply with IMF recommendations, Pakistan explores significant tax reforms, including a universal VAT and enhanced petroleum levies
Industrial production declines in 9MFY24
Recent statistics show a sharp 9.35% MoM drop in Pakistan's industrial output as of March 2024
Textile exports reach $13.68 billion in 10MFY24
While overall textile exports slightly decline, specific categories like raw cotton and cotton yarn record sharp increases
PM Shehbaz directs revision of net metering rules to stabilise power sector revenues
Sharif orders NEPRA and Power Division to revise regulations amid concerns over declining revenues due to increased solar adoption
STZA, NRTC ink Rs12.5bn deal to enhance tech operations
The major tech agreement aims to transform Pakistan's technological landscape