Month: May 2022

Power Division has sought Federal Government’s nod to do away with PM’s relief package on electricity of Rs 5 per unit from May 1, 2022 and continue unscheduled load shedding for the next two or three months aimed at passing minimum impact of FCA to consumers and avoid drain of over Rs 300 billion on expensive fuels, well informed sources told Business Recorder. International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB) are strongly opposed to the relief package and in a press release dated 24 April subsequent to…

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Given rising temperatures due to the climate change phenomenon, the Sindh government has decided to issue environmental NOCs to new housing schemes and societies subject to the condition that they plant trees. An important meeting took place under Sindh Environment Minister Ismail Rahoo, attended by Sindh Environment Protection Agency (SEPA) Director General Naeem Mughal and other officers. Rahoo directed Mughal to formulate new tree planting policies for housing schemes in the province because of the rising temperature. Read More: ‘Do not invest in illegal housing schemes’ He said a tree-planting campaign…

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With a heat wave gripping Karachi and other parts of Sindh, loadshedding hours have increased manifolds in the city, causing great difficulty for its residents. Almost all areas of the city are witnessing prolonged power outages this summer. The affected areas include North Karachi, Surjani Town, Shadman Town, Buffer Zone, Nazimabad, North Nazimabad, Gulshan-e-Iqbal, Gulistan-e-Jauhar, Lyari, Saddar, Malir, Landhi, Korangi, Defense Housing Authority, Clifton, Boat Basin, Ibrahim Hyderi, II Chundrigar Road and Shah Faisal Town, where loadshedding is piling misery on the residents. Earlier in April, when there was a…

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The National Electric Power Regulatory Authority (Nepra) on Tuesday approved 57 paise per unit increase in base electricity tariff with effect from June 1 to provide Rs14.3bn additional revenue to distribution companies (Discos) of ex-Wapda in three months. The increase was allowed under quarterly tariff adjustment mechanism for first quarter (July-September 2021) of current fiscal year. Ten Discos had together demanded Rs33bn additional funds for the said quarter, but a number of regulatory meetings and public hearings found their number unbankable. Nepra twice cancelled public hearings on Jan 12 and…

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