Year: 2021

KE allowed to charge additional Rs3.64 per unit in three months

Admin

The National Electric Power Regulatory Authority (Nepra) has allowed K-Electric to charge its consumers an additional cumulative cost of Rs3.64 per unit in three months (Aug-Oct) to add almost Rs5 billion to its revenue. On the other hand, it has asked ex-Wapda distribution companies (Discos) to refund about 19 paisa per unit to their consumers through negative adjustment in current month’s bills, with a cumulative impact of about Rs2.6bn. Both tariff adjustments were notified by the Ogra here on Friday on account of monthly fuel cost adjustment (FCA) for six…

Read More

OGRA sets RLNG sale price at $13.22 per unit

Admin

The Oil and Gas Regulatory Auth­ority (Ogra) on Friday set the average sale price of re-gasified liquefied natural gas (RLNG) at about $13.22 per million British thermal unit for the current month, an increase of 2.33 per cent from last month’s $12.91 per unit. The regulator had last week notified the RLNG sale price at $13.61 for August, about 5.5pc higher than that of July, which included the cost of most expensive spot cargo at $20.55 per unit (27.87pc of Brent). Pakistan State Oil (PSO) disowned its cargo, saying it…

Read More

Pakistan to terminate 23 bilateral investment treaties

Admin

Pakistan has decided to terminate 23 bilateral investment treaties (BITs) with different countries in order to avoid international arbitration with foreign firms on commercial contracts. To date, as many as 10 cases had been lodged by foreign investors in different international arbitral forums, thus exposing the state of Pakistan to billions of dollars in compensation. There are nine other bilateral investment treaties. However, those nine treaties could be terminated or reformed by engaging the respective countries bilaterally. Pakistan mulled over an option of taking up these nine treaties with the…

Read More

PM directs finalisation of tight gas policy by Sept-end

Admin

Prime Minister Imran Khan has directed the concerned to finalise the tight gas policy by the end of next month after reviewing it. On Thursday, the prime minister chaired a meeting on gas reserves in the country as the country has recently been struggling to maintain gas supply to various sectors, especially power sector and fertiliser. The meeting was attended by federal ministers, Shaukat Fayyaz Tarin, Hammad Azhar, Asad Umar, Special Assistant Tabish Gohar, and concerned senior officials. The meeting held detailed discussion on the potential resources of Tight Gas…

Read More

Pakistan, Oman eager to cooperate in diverse sectors

Admin

Pakistan and Oman should cooperate in diverse sectors to enhance the bilateral economic and trade relations, said Oman Chamber of Commerce and Industry Chairman Redha bin Juma Al Saleh. At a webinar organised by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday, he stressed the need for collaboration in the fields of chemicals, plastics, metals, minerals and electric equipment at the economic zones of Oman. He also discussed the availability of long-term Omani visa for Pakistan investors and tax incentives for them. Ambassador of Pakistan to…

Read More