Month: June 2021

Subsidy for various sectors increased by 226.31pc to Rs682 bn

Admin

The government has increased the allocation in the head of subsidy by 226.31 percent for various sectors for the next budgetary year, to Rs682 billion from Rs209 billion allocated for the outgoing fiscal. For the power sector, the allocation of subsidy has increased by 329.24 percent to Rs596 billion from Rs139.5 billion. Out of Rs596 billion, the amount of Rs245 billion has been allocated as subsidy for WAPDA/PEPCO, up by 90 percent if compared with subsidy of Rs129 billion earmarked for the outgoing financial year. An amount of Rs85 billion…

Read More

No forced load shedding in country during last 12 hours: Hammad Azhar

Admin

Federal Minister for Energy Hammad Azhar on Friday shared that there has been zero forced load shedding in the country during the last 12 hours. Taking to Twitter to share the details on power supply in the country, Hammad Azhar said that 1500 megawatt electricity was added in the last 48 hours to the national grid while more would be added today. On June 3, Federal Minister for Energy Hammad Azhar said K-Electric has been provided 200 more megawatts of electricity to rid Karachiites of power cuts. In a message…

Read More

Pro-growth, relief-oriented budget

Admin

The Pakistan Tehreek-i-Insaf (PTI) government on Friday unveiled Rs 8.4 trillion pro-growth and relief-oriented federal budget for the fiscal year 2021-22, with focus on pursuing all-inclusive, sustained and robust economic growth through comprehensive planning and development. The budgetary proposals were presented by Finance Minister Shaukat Tarin in the National Assembly, amid jeers from the opposition benches who shouted slogans and taunted the minister by laughing loudly as he praised Prime Minister Imran Khan’s economic initiatives. In his budget speech, Tarin said the government steered the economy out of crisis and…

Read More

Pakistan’s power crisis worsens, unannounced load-shedding continues unabated

Admin

Pakistan’s power crisis has gotten worse, with load-shedding extending up to several hours at a stretch in different cities. According to the latest figures provided by sources in the power division, the country is facing an electricity shortfall of somewhere between 7,000 and 8,000 megawatts. Due to a mudslide at the Tarbela Dam, power generation was stopped and machinery has also likely been damaged. According to sources, it will take time for power generation to be up and running again at the Tarbela Dam. Unannounced load-shedding has reached its peak…

Read More

Economic Survey: Nepra Issued 5,283 Net-Metering Licences For 90.15MW Installations

Admin

As the government is encouraging utilisation of renewable energy technology at the consumer end, The National Electric Power Regulatory Authority (Nepra) issued a total of 5,283 new licences for net-metering-based installation of approximately 90.15MW during the July 2020 to March 2021, the Economic Survey suggests. “As of 31st March, 2021, a total of 10,563 generation licences for net-metering-based solar installations with a cumulative capacity of 181.27MW had been issued by [the] National Electric Power Regulatory Authority.” The government announced a new Alternative Renewable Energy (ARE) Policy 2019 in October 2020.…

Read More