Day: August 31, 2023

OSH compliance crucial for exporters: Dr. Gohar Ejaz

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Gohar-Ejaz

KARACHI: Dr. Gohar Ejaz, Minister of Commerce, Production & Industry, stated that it is imperative that Pakistani exporters, especially textile related, must comply with all ILO International Labor Standards including Occupational Safety and Health Standards(OSH), in order to manifest their progressive march towards achieving the objectives of huge increase in exports. He was talking to a delegation of Employers Federation of Pakistan(EFP) consisting of President Malik Tahir Javaid, Former President Majyd Aziz, and Member Board of Directors Mian Akram Farid, in his office in Islamabad. The Commerce Minister added that…

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country had failed to do long-term planning in the energy sector

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energy-sector1

KARACHI: Pakistan needs to adopt sustained and consistent energy policies to provide cheap and reliable electricity to its people, a panel of experts and stakeholders said. The panel discussion, organized by the Policy Research Institute for Equitable Development (PRIED), focused on the challenges and opportunities of using solar power in high-loss feeder areas, where load shedding and electricity theft are rampant.Abu Bakar Ahmed, secretary Energy Sindh government’s energy department, said that the country had failed to do long-term planning in the energy sector and had relied on costly sources such…

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Caretakers rule out relief in power bills

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power-bills

• Elected govt can review accords with IPPs, caretakers unable to withdraw free power quotas: finance minister• SBP deputy chief says market-based exchange rate followed, refuses to intervene• Senators express concerns over inflation, high policy rate, inflated bills; demand remedies ISLAMABAD: In a reality check following almost week-long consultations, caretaker Finance Minister Dr Shamshad Akhtar on Wednesday told senators and the electricity consumers to “manage (their) expectations” raised by caretaker Prime Minister Anwaarul Haq Kakar for relief in excessive power bills, saying the country’s fiscal space did not permit any…

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Discos trim FCA to Rs1.58 for July on public outcry

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public-outcry

ISLAMABAD: Amid public criticism over efficiency and regulatory standards in the power sector resulting in unbearable electricity costs, the Central Power Purchasing Agency (CPPA) on Wednesday slightly lowered its demand for additional fuel cost adjustment (FCA) to Rs1.58 per unit — instead of Rs2.07 —for electricity consumed in July. At a public hearing organised by the National Electric Power Regulatory Authority (Nepra), the CPPA representatives reported that a petition for Rs2.07 per unit had been filed on behalf of ex-Wapda Distribution Companies (Discos) to mop up Rs30 billion in September…

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Chinese coal operator threatens Thar extraction

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Thar-extraction

KARACHI: China Machinery Engineering Corporation (CMEC), the operator of a Chinese coal mine in Thar block-II, has issued a warning that it will cease coal extraction activities unless its outstanding receivable of $50 million is settled by September 10, 2023. CMEC conveyed its concerns to Sindh Engro Coal Mining Company (SECMC) in a letter, revealing that it has not received any payments in August, and its overdue receivables reached $50 million at the end of July 2023. The timing of this payment ultimatum coincides with Thar coal emerging as a…

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