Year: 2022

The country’s influential five zero-rated sectors, referred to as export-oriented sectors will be charged Rs 19.99 per unit electricity all-inclusive whereas domestic consumers are being charged over Rs 40 per unit. Interaction with power sector experts and officials revealed that the government had budgeted Rs 20 billion subsidy to provide concessional electricity to five zero-rated sectors including textile, carpets, sports, surgical and leather during FY 2022-23. However, of Rs 20 billion, Rs 12 billion were spent in two months (July and August) of financial year 2022-23, after which Power Division…

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Inefficiencies in the power sector is the bigg-est headache for any government. The estimated direct and indirect fiscal cost (including circular debt and subsidies) of the power sector is at Rs9.4 trillion in the last fifteen years. The usual criticism is on the transmission and distribution system and inefficient discos. There is no denying these issues. However, not much heed is given to the losses and inefficiencies on the generation side. That must have its fair share of criticism. Some of the issues on the generation side are highlighted in…

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The production of hydrocarbon from the Tolanj West -2, a development well in Tal block located in Kohat Plateau, Khyber Pakhtunkhwa, has successfully commenced significantly ahead of the original plan, Pakistan Oilfields (POL) said in a filing sent to the bourse on Friday. POL, one of the largest Exploration & Production (E&P) companies in the country, shared that the production from this well was expected to start in December 2022, “however, with the best efforts of technical teams, wellhead surface facilities, and tie-in activities have made the production possible ahead…

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President Azad Jammu and Kashmir Barrister Sultan Mehmood Chaudhry, while encouraging the American investors to invest their capital in Azad Kashmir on Thursday, has said that the AJK had immense investment potential especially in the tourism sector. While talking to a delegation of investors led by Nick Tuma in US City, the AJK President said, Azad Jammu and Kashmir is one of the most beautiful regions in the world that offers massive investment opportunities to foreign investors in different sectors. “There is vast potential for investors in the hydro, construction…

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The National Electric Power Regulatory Authority (Nepra) on Thursday issued new rules allowing new market players to have non-discriminatory access to existing transmission and distribution networks currently maintained mostly by the public sector entities and K-Electric and provide electricity to bulk consumers. The Open Access (Interconnection and Wheeling of Electric Power Regulations, 2022 would practically end exclusivity rights of the existing transmission and distribution companies in the country as their old licences expire within a year and private entities would be allowed to enter their market. Under the rules network…

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