Day: February 2, 2022

he National Electric Power Regulatory Authority (Nepra) Tuesday agreed, in principle, to increase Discos’ tariff by Rs 3.09 per unit for December 2021 under monthly Fuel Component Adjustment (FCA) mechanism to recover additional cost of Rs 26.6 billion from consumers except lifeline consumers. This understanding was reached between the regulator (Nepra) and power purchaser- Central Power Purchasing Agency- Guaranteed (CPPA-G)…

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The Cabinet Committee on Energy (CCoE) today (Wednesday) would discuss revised Circular Debit Management Plan (CDMP) prepared by the Power Division. According to the sources, the Finance Ministry said, the Power Division should use realistic assumption to see the impact on stock and flow of circular debt and accordingly, further mitigation measures may be proposed, if required. The country’s circular…

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The National Transmission and Dispatch Company Limited (NTDC) has energized phase-I of 500 kV grid station Faisalabad West two months prior to its timeline. The efforts of NTDC for completion of this vital project supported the fulfillment of commitment of Government of Pakistan to provide the uninterrupted power supply to the consumers of FESCO during upcoming summers. Managing Director NTDC…

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Pakistan’s government is targeting a trade deficit of $30bn in the current fiscal year, with new export-centric policies focused on reducing the country’s reliance on textiles and providing incentives to other sectors, the country’s top commerce official has said. Textiles are the South Asian country’s major export, making up more than 60 percent of the country’s $25.3bn in exports last…

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The demand for petroleum oil products remained robust despite the uptrend in prices, as wheat harvesting, power generation through oil-fired plants and building of domestic reserves in anticipation of a further hike in international prices generated strong demand in January. Besides, healthy industrial activities and growing car numbers on roads also contributed to the rising momentum in sales of petroleum…

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