Year: 2022

Bills for Non-ToU Residential Consumers with 200 or Lesser Units Consumption being revised: K-Electric

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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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NTDC Submits System Operator Licence Application to NEPRA – A Giant Leap Forward for the Power Sector of Pakistan

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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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Qatar Investment Authority aims to invest $3 billion in Pakistan

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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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PM Shehbaz announces fuel charge adjustment exemption for 17m power consumers

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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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Rare Earth minerals in Pakistan worth $50 trillion

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According to the United States geology reports. There is at least $50 trillion worth of rare earth minerals in Pakistan. Pakistan neither has the technology, government nor organization skills to excavate these highly valuable minerals. These minerals are the 21st century version of oil nowadays because very few countries have them There is more countries with oil than rare earth minerals. Right now, China exports 80% of the world’s rare earth minerals America produces little to none which means they’re heavily dependent on China for this Rare earth minerals are…

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