The OCAC in its letter to the state serve for Oil Division raised warnings about the shocking monetary circumstance of the oil business. “Keeping up with the 20-day stock cover for engine energizes probably won’t be feasible for the business with the ongoing acquiring rate and the expense of the items,” it said. All the more significantly, the high credit letter affirmation charges followed by high demurrage costs have duplicated the monetary agonies making the business unfit to work.
Read MoreMonth: March 2023
CPEC PHASE-II: A Sanctify Inquiry | By Dr Mehmood Ul Hassan Khan
Regardless of continuous political confusion and consistent financial implosion the occupant legislature of Pakistan has now chosen to begin China-Pakistan Monetary Hallway (CPEC) Stage II which would be valuable for turning away monetary decay and unfortunate assembling in the country. It would begin new ascribes to sinking public industrialization and social turn of events.
Read MoreGas Crisis Intensifies in Karachi During Ramadan
Gas emergency has escalated in Karachi during Ramazan month after the danger of power loadshedding. As per reports, a few areas of Karachi are confronting low gas pressure issues and others denied of gas supply during Ramazan. The gas emergency was strengthened after a specialized shortcoming created at Sawan gas field, bringing about a drop of gas supply of 44 mmcfd.
Read MoreGovt Seeks Over Rs6 Per Unit Increase In KE Tariff
The public authority has asked the National Electric Power Regulatory Authority (Nepra) to increment K-Electric’s buyer levy by up to Rs6.02 per unit under two past quarterly changes and permit its recuperation from shoppers in 90 days — April to June — to guarantee public uniform duty. The public authority has previously told an identical expansion in duty for purchasers of ex-Wapda Discos
Read MoreRemittances: APL Says Can Invoke Force Majeure
M/s Chart book Power Restricted (APL) has cautioned the public authority that it would report force majeure under the Power Buy Arrangement (PPA) on the off chance that its settlements connected with imports are not permitted. The organization passed its preventative message in a letter on to Overseeing Chief Confidential Power and Framework Board, Shah Jahan Mirza.
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