Month: January 2022

Power sector entities: CPPA-G, LUMS join hands to achieve capacity-building goal

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A two-day follow-up training workshop for the officer and engineering professionals of DISCOs (Distribution companies) was arranged on Friday under the banner of Power Sector Centre of Excellence (PSCE) established at LUMS in Lahore. PSCE is a training and knowledge hub founded jointly by CPPA-G (Central Power Purchasing Agency) and LUMS Energy Institute (LEI). The training was attended by 80 participants comprising of officials from Distribution Companies (DISCOs), National Transmission and Dispatch Company (NTDC), National Electric Power Regulatory Authority (NEPRA) and CPPA-G. This Module-II was a continuation of Module-I of…

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Saindak Project Earned $74.7m Profit Last Year

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The Saindak Copper-Gold Project has generated a profit of $74.71 million by collecting revenue of $550,000 against 16,426 tonnes of blister copper out of 5 million tonnes of concentrating tasks during last year. This was disclosed on Friday by chairman of the Metallurgical Construction Corporation (MCC) Resources Development (Pvt) Limited (MRDL), He Xuping. He said that taking advantage of the rising prices in the international metal market his company carefully organised production and achieved its annual target despite repeated boiler bursts while combating the coronavirus pandemic as well. “Over the…

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Gas supply to CNG stations banned to facilitate domestic users

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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…

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

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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…

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Petroleum Revenues

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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…

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