No power shortage: Power Division

The Power Division on Thursday informed Prime Minister Shehbaz Sharif that there was currently no shortage of electricity in the country and power plants were closed because they either did not have fuel or faced technical difficulties. The Power Division blamed the “incompetence” of the previous PTI regime for the problems faced by the sector. PM Shehbaz was further informed that 18 power plants in the country were not functioning for the last one year because of being closed or having developed technical faults. The Power Division added that these…

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Loadshedding riles people in urban, rural areas of Punjab

The Lahore Electric Supply Company’s demand and supply stood around 4,300MW and 3,760MW (on an average), respectively, creating a shortfall of around 550MW and forcing the company to observe loadshedding of two to four hours in urban and about eight hours in rural areas. “On Saturday, the peak hours’ demand and supply touched a figure of 4,295MW and 3,760MW, causing a shortfall of 535MW. However, in Lahore (except the areas falling under service jurisdiction of high loss feeders) no loadshedding is being observed,” an official source in Lesco told Dawn…

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In maiden visit, PM Shehbaz urges completion of Diamer Bhasha Dam by 2026 instead of 2029

Prime Minister Shehbaz Sharif on Sunday urged the authorities to expedite the Diamer Bhasha Dam project and have it completed by 2026 instead of its currently scheduled time of 2029. The newly elected prime minister issued the instructions during his visit to the site to inspect the project’s pace of work and activities. He was accompanied by other PML-N leaders, including Shahid Khaqan Abbasi, Marriyum Aurangzeb and Khawaja Asif. PM Shehbaz was briefed by Water and Power Development Authority (Wapda) Chairman retired Lt General Muzammil Hussain. He was informed of…

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LPG body writes to PM, calls for restoration of JJVL’s operations

The LPG Industries Association of Pakistan has demanded of the government to restore operations of Asia’s largest LPG processing plant, the Jamshoro Joint Venture Limited (JJVL), at the earliest as its closure has not only reduced the local LPG production, thus creating a significant shortfall, but has also resulted in the hike of LPG prices by 172 percent just in two years. Aided by an increase in international prices of the fuel, LPG prices in the local market have hiked to Rs 247 per kilogram from only Rs 90/kg two…

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Tesla CEO Elon Musk offers to buy Twitter for $43bn

Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticised for not living up to free speech principles needs to be transformed as a private company. Twitter Inc said in a regulatory filing on Thursday that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares of Twitter that he doesn’t already own at $54.20 per share, an offer worth more than $43 billion. Musk called that price his best and final offer, although he provided no details on financing. The…

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