Pakistan has ordered its first shipment of crude oil from Russia, which will arrive in late May or early June. The initial order, carrying 100,000 tons of crude, will be shipped at a discount of up to $18 per barrel, a price that is lower than Platts’ crude oil prices.
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Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had announced to establish a refinery that would cost between $10 to $14 billion. Speaking at a news conference
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Lahore Electric Supply Company (Lesco) has failed to achieve 2 percent loss reduction target that was determined by Nepra in its previous MYT, due to its inability of materialising Rs30 billion ADB funds for the AMI meter project, as the regulator approved Rs107.307 billion new five years investment plan for the company.
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The Lahore Chamber of Commerce and Industry Wednesday called for macroeconomic reforms and policy changes in consultation with stakeholders for moving towards a path of sustainable economic recovery.
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Senate Standing Committee on Power has asked National Electric Power Regulatory Authority (Nepra) to put capacity payment of Independent Power Producers (IPPs) on ice as Rs 1.2 trillion were paid as capacity payment during 2023.
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