Interloop’s road ahead
As the economy sees stability, there can be choppy waters ahead for the hosiery behemoth
Govt shelves plan to rebase power tariffs in January after IMF opposition
Tariff rebasing to continue from July 1; IMF and other development partners urge the govt to focus on ongoing reforms
Mari Energies enters joint venture for mineral exploration in Balochistan
Joint Venture Agreement signed with IRH Mining RSC Ltd, Balochistan Mineral Resources Limited and the Government of Balochistan to acquire a 25% interest in two Mineral Exploration Licenses in Chagai
Govt signals higher power tariffs in summer amid low hydropower availability
Nepra approves 77-paisa refund; reliance on costly imported fuel expected to rise
OGDCL begins gas production from Uch-36 well in Dera Bugti
Well produces 7.3 MMSCFD of gas after the installation of an 8-inch, 1.0-kilometer flowline, connecting it to the OGDCL Uch Gas Processing Plant
KP signs oil and gas exploration deal with ODGCL-led consortium for Miran Block
Khyber Pakhtunkhwa Oil & Gas Company Limited to hold 51% stake as consortium commits Rs 20 billion investment with 49% sharesÂ
World Bank unit and other lenders criticise Pakistan’s energy negotiations: report
Move will be detrimental to long-term development of energy sector, undermining investor confidence and discouraging future private investment: IFC, ADB, IsDB and five other development finance institutions write letter to govtÂ
Govt to pass on FCA relief to domestic, agricultural power consumers
Power Division seeks Nepra’s approval to reverse policy barring FCA benefits for domestic and agricultural consumers using up to 300 units
Petrol price likely to rise by Rs4 per litre, diesel may see slight reduction
Tax burden on fuel remains high as government collects Rs76 per litre in levies
PAC summons details of top 300 defaulters amid Rs877bn DISCO losses
Public and private entities owe trillions; crackdown on unpaid dues intensifies
FBR revokes export facilitation scheme for steel scrap importers
Move aimed at curbing tax evasion, ensuring level playing field in steel sector
Govt in talks with banks to secure Rs1.24tr loan for circular debt reduction: report
Effort aims to ease power sector burden as authorities push for privatisation of DISCOs
Govt opts for privatisation of Discos instead of transferring to provinces
Committee argues provincial takeover won't resolve financial burden, privatisation will improve efficiency and reduce lossesÂ
Govt devises alternative strategy to cut power tariff by Rs8-10 per unit: reportÂ
Reduction to be financed through Rs1.3tr debt servicing savings; development comes ahead of the IMF’s review
Hesco, Sepco seek Rs146.78 billion investment to improve infrastructureÂ
Nepra to hold public hearing on February 27; both Discos report annual losses of Rs130bn