Year: 2021

Experts collect suggestions on water policy

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ijdus river

HYDERABAD: Although blessed with the Indus River, lakes, mountain streams and subsoil water, Sindh and its people continue to face myriads of water-related problems, ranging from shortage of water supply to contamination. Keeping this in view, the provincial government embarked upon the gigantic task of formulating an all-encompassing water policy, covering urban to rural water supply and drainage, over three years ago. However, questions still remain as to how comprehensive and enforceable the policy is going to be as a team of experts collects suggestions and ideas with the stated…

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Power firms seek 93-paisa hike for January

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ISLAMABAD: The electricity rates for consumers of 10 distribution companies (Discos) of ex-Wapda may go up by about 93 paisas per unit on account of monthly fuel cost adjustment for January due to higher than estimated power generation cost. The National Electric Power Regulatory Authority (Nepra) will take up for public hearing on Feb 25 the Discos’ petition seeking increase in consumer tariff. The higher electricity rates, on approval by the regulator, would be recovered from consumers in the upcoming billing month (March). The petition for tariff increase has been…

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Oil & Gas Outlook

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Experts are cautiously optimistic that recent gains pushing the price of oil to around US$60 a barrel are a sign of good things to come. That’s welcome news after an industry downturn followed by the impacts of the coronavirus torpedoed prices and caused massive layoffs, even company closures. Now, supply cuts by major producers and optimism over the likelihood of increasing demand have driven prices to their highest in more than a year. That rise could continue as Saudi Arabia and OPEC continue supply reductions, the Chinese seek more crude…

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K-Electric submits TORs to govt

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To resolve the issues related to K-Electric’s payables and receivables through arbitration, the KE has submitted its TORs to the federal government and dropped its early demand of “the principle of reciprocity” and has also accepted that arbitration may take place in Pakistan, rather than in London. The Ministry of Energy has yet to respond to the TORs submitted by the KE regarding the arbitration in the issues related to company’s payables and receivables, officials’ source told The Nation. In continuation of the government’s now-desperate efforts to resolve the long-standing…

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Pakistan’s debt, liabilities surge to Rs44.9trln in 2020

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KARACHI: Pakistan’s total debt and liabilities increased 9.9 percent to Rs44.9 trillion during the last year, the central bank’s data showed on Thursday, as the government’s fiscal position is stressed amid lower tax revenue collection. The debt and liabilities stood at Rs40.9 trillion till December 2019. Brokerage BMA Capital said the government’s fiscal response is limited by burgeoning debt ratios and narrow tax base with the public debt ratio exceeding 81 percent of GDP. “Fiscal resources look strained but the performance has been good so far,” BMA Capital said in…

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