Day: January 7, 2022

Gas supply to CNG stations banned to facilitate domestic users

Admin

After the failure of Sui Southern Gas Pipelines (SNGPL) authorities to ensure uninterrupted gas supply to domestic consumers in provincial metropolis, the Peshawar district administration on Thursday imposed complete ban on operations of CNG stations till January 20, 2022 to improve gas pressure for domestic users. The chief minister had personally called general manager SNGPL to his office a few weeks ago and directed him to take immediate steps for ensuring gas supply to the domestic consumers. But neither the general manager took any step that could have improved gas…

Read More

Col. (R) Muhammad Tariq Khattak, Chairman Renewable & Alternative Energy Association of Pakistan (REAP)

Admin

Col. (R) Muhammad Tariq Khattak, Chairman Renewable & Alternative Energy Association of Pakistan (REAP) today (Friday) briefed the following Senators of Finance Revenue and Economic Affairs, Standing committee along with the Chairman FBR, at Senate Islamabad, Senator Muhammad Talha Mahmood, Chairman, Senator Syed Faisal Ali Subzwari Senator Ms. Sheri Rahman, Senator Mohsin Aziz Senator Farooq Hamid Naek Chairman FBR The Chairman REAP highlighted the biased impact of the proposed 17% GST on Solar products, besides a number of other key challenges faced by the member companies of the association, in…

Read More

Petroleum Revenues

Admin
petrol-price

The crude oil respite has so far appeared short-lived, putting the government in a tight spot again, in terms of the import bill and the revenue collection target on petroleum products. As oil marches back to $80/bbl. and onwards, the hopes of substantially raising petroleum revenues stand to get a setback. This is despite the government’s plans to raise Petroleum Levy by Rs4/ltr every month. The PL collection has staged a comeback of sorts – rising every month from July to December, from Rs1.5 billion in July to over Rs22…

Read More

Deduction in CPP invoice: Hubco serves dispute notice to CPPA-G

Admin

M/s Hubco has served dispute notice to Central Power Purchasing Agency –Guaranteed (CPPA-G) under Power Purchase Agency (PPA) on deductions made in the company’s Capacity Purchase Price (CPP) invoice for the period of July-September 2021, well informed sources told Business Recorder. M/s Hubco’s Chief Executive Officer (CEO), Kamran Kamal, in a letter to CEO, CPPA-G has elaborated on the reasons for sending dispute notice to the power purchaser. According to Kamal, the letter is a continuation of various discussions, WhatsApp messages, Hubco’s letter of November 12, 2021 and subsequent exchange of…

Read More

40pc of Agreed Amount: 12 IPPs Paid Over Rs 60bn as First Installment

Admin

Power Division is said to have paid over Rs 60 billion to 12 IPPs of Power Policy 2002, 40 per cent of total agreed amount as first instalment, well informed sources told Business Recorder. The following IPPs has been paid 40 per cent of the agreed amount: (i) Atlas Power- RFO; (ii) Attock Gen- RFO;(iii) Engro Energy-gas ;(iv) Saif Power- RLNG ;(v) Halmore Power- RLNG;(vi) Hub Power(Narowal) – RFO ;(vii) Liberty Power- RFO ;(viii) Nishat Power- RFO;(ix) Orient Power- RLNG ;(x) Foundation Power (Dharaki)- gas;(xi) Nishat Chunian and (xii) Saphire Electric…

Read More