KP energy dept fails to utilise allocated funds

PESHAWAR: Khyber Pakhtunkhwa’s (KP) Energy and Power Department could hardly spend 6.9 per cent from the allocated Rs9 billion for various projects to increase the province’s electricity production in this year’s annual development programme. According to the documents, the KP Finance Department had released Rs3.8 billion out of Rs9 billion in which the department could spend only Rs623 million on various…

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Pakistan Oilfields Limited discovers oil and gas reserves in upper Punjab

Pakistan Oilfields Limited (POL), the country’s leading oil and gas exploration and production company discovered oil and gas in upper Punjab, it was learned on Thursday. “Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab,” stated the company in a notification to the Pakistan Stock Exchange (PSX).…

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ECC postpones power tariff hike for Karachi

ISLAMABAD (Dunya News) – Economic coordination committee (ECC) has postponed the proposed hike in tariffs put forth by National Electric Power Regulatory Authority (NEPRA) for consumers of K-Electric in a session here on Wednesday. The ECC also approved supplementary technical grant of Rs 5 billion for HEC in the same session. Moreover, an internal security duty allowance for the Air…

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