Month: August 2022

Energy in all forms is closely linked to economic prosperity of the county. Due to urbanization, climate change, and global warming energy demand is increasing. Pakistan is the state which is facing energy crisis and unfortunately failed to find a relevant solution. Presently, we are using many electronic gadgets which cause electricity consumption. On the other hand; government buildings, including General Assemblies consume a lot of electricity and their utility bills often remain unpaid. According to reports, the country’s public sector distribution companies (DISCOs) lost more than Rs. 2.8 billion…

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Following the notification released by the Ministry of Energy, Government of Pakistan (GoP) about the modification of the June Fuel Charges Adjustment (FCA), K-Electric will facilitate those Non Time-of-Use (Non-ToU) residential consumers, with revised electricity bills for the month of August who have electricity consumption of equal to or less than 200 units. The revised bills will be available from 26 August onwards and can be collected from KE’s operational customer centers across the city. Agricultural customers in KE territory are also eligible under the Government’s FCA relief. Per the…

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Islamabad, In a major development, Deputy Managing Director (P&E), National Transmission and Despatch Company (NTDC) called on Chairman NEPRA, Mr. Tauseef H. Farooqi at NEPRA HQ, Islamabad this morning to submit the System Operator (SO) Licence application along with the draft Grid Code, on behalf of NTDC. Mr. Farooqi appreciated the untiring efforts of the NTDC team in preparation of the Grid Code and remarked that this was a fulfilment of the vision laid down by the WAPDA Restructuring Plan 1992. The submission marks a major milestone in the Competitive…

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The Qatar Investment Authority (QIA) plans to invest $3 billion in Pakistan, Qatar’s Emiri Diwan said on Wednesday, lending support to the cash-strapped economy. Pakistan is in economic turmoil and faces a balance of payments crisis, with foreign reserves having dropped as low as $7.8bn, barely enough for more than a month of imports. The country is also contending with a widening current account deficit, depreciation of the rupee against the US dollar and inflation that hit more than 24 per cent in July. “The Qatar Investment Authority announced its…

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Prime Minister Shehbaz Sharif on Tuesday announced that 17 million of the total power consumers will be exempted from paying the high fuel charges adjustment (FCA) in their electricity bills. In a video address from Qatar, where he is on a two-day trip, the prime minister explained the mechanics behind why FCA was levied and said it had seen a “considerable increase” for July and August’s power bills, because of high international oil prices, which was “intolerable” for the common man. He said that after consulting with the International Monetary…

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