Sindh To Face More Gas Load-Shedding

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The Sui Southern Gas Company (SSGC) has reported a drop of 30 million cubic feet per day (mmcfd) in supplies to Sindh and Balochistan after a field developed technical fault, which is expected to increase the duration of load-shedding in both the provinces.“It will take over one month to manage the situation,” according to a statement issued by the gas…

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No Light Matters

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In a major development, the government plans to use indigenous Thar coal, instead of imported coal, for generation of 3,960MW. The three power plants that would be shifted to indigenous coal are Sahiwal Coal Power (Sahiwal), China Hub Coal Power (Hub) and Port Qasim Coal (Port Qasim, Karachi), each of 1,320MW installed capacity. It is indeed a landmark and timely…

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Power Sector’s Transmission & Distribution Losses Soar To Rs473 Billion In 2021

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Power Sector’s Transmission , According to Pakistan Institute of Development Economics (PIDE)’s One Year Growth Strategy for Pakistan, energy is a chronic problem that eight governments have not been able to solve. Due to mismanagement and weak governance in the power sector, huge transmission & distribution losses reached Rs. 473 billion during 2021, out of which Rs. 402 billion were…

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Economic Journey of Pakistan’ released: Govt eyes 6-7pc GDP growth in medium-term

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The present government’s priorities are to increase GDP growth to 6-7% in the medium term, improve investment climate to attract domestic and foreign investment, promote tourism and information technology, and set up Special Economic Zones (SEZs) for export promotion. This was stated by Finance Ministry in the “75 years’ economic journey of Pakistan” released by it on Saturday to commemorate…

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NEPRA allows DISCOs to collect Rs9.9/unit extra in Aug bills

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The National Electric Power Regulatory Authority (Nepra) Friday allowed ex-Wapda power distribution companies (XWDISCOs) to make a whopping Rs9.8972 per unit additional collection from the power consumers in their billing month of August. In June they paid less than what was the cost of the power generation, especially from costly imported RLNG and oil and devaluation of rupee against US…

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Oil refineries’ estimates: POL products’ prices may soar by up to Rs16.48 per litre

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The federal government may increase the prices of petroleum products by up to Rs16.48 per litre with effect from August 16, according to the estimates of oil refineries. In a press conference on Saturday, Minister of State for Energy (Petroleum Division) Musaddiq Malik said that the Oil and Gas Regulatory Authority (Ogra) determines the price of petroleum products on the…

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Oil Market Surplus Strengthens Case For New OPEC Output Cuts

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This week, OPEC issued its Monthly Oil Market Report. It was released just hours after the IEA released its own monthly oil market forecast. Unlike the IEA, the oil-producing group forecast that growth in oil demand this year would be slower than previously expected. OPEC also forecast an oil market surplus, sparking speculation that it may be preparing for production…

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