Month: August 2023

Power sector grabs finance minister’s immediate attention

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Shamshad-Akhtar

Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund ISLAMABAD: Caretaker Finance Minister Shamshad Akhtar has held her first meeting on power sector after assuming the charge and visited Federal Board of Revenue (FBR) to review progress so far on implementation of $3 billion Stand-by-Arrangement (SBA) of the International Monetary Fund (IMF). According to the staff report prepared by the IMF staff mission on the SBA for the Fund Executive Board’s, the first…

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B4 industrial consumers

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NEPRA

PALSP urges Nepra to facilitate renewable energy integration into grid ISLAMABAD: Pakistan Association of Large Steel Producers has asked NEPRA to facilitate renewable energy integration into the grid by B4 industrial consumers to incentivize industries to invest further in renewables. In a letter addressed to NEPRA, PALSP which is the leading representative body of steel sector, urged the Authority to facilitate renewable energy integration into the grid by B4 industrial consumers through amending the existing rules and regulations. ‘The measure would not entail any additional interconnection costs and will help…

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PEC’s Transformative Initiatives Pave the Way for Pakistan’s Advancement: Engr. Najeeb Haroon

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Najeeb-Haroon

Quetta: Pakistan Engineering Council (PEC) is a national apex regulatory body constituted through an enactment of the Parliament (PEC Act 1976) to regulate the engineering profession. The Council as per its Act has also special mandate to act as a “Think Tank to the Federal Government” to aid in all matters pertaining to engineering profession and policies required for the socio-economic development of the country. Engr Mir Masood Rashid highlighted on the PEC PPDC initiatives of 1st Engineer Parliamentarians Caucus for advocacy in policy making being intellectual backbone of society,…

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Circular debt forecast to jump by Rs545b

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Circular-debt

Only tariff hike targeted under foreign loans-linked reforms, other critical issues ignored ISLAMABAD: The circular debt is projected to increase by another Rs545 billion by March next year despite a surge in electricity prices as foreign loans pegged with the so-called power sector reforms are limited to only increasing prices and ignore other critical issues. Pakistan eyes another loan of $600 million from the World Bank for power sector reforms in the current fiscal year and the sector also remains in focus of the International Monetary Fund (IMF) under a…

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Planning Commission wants LPG replaced by LNG

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LPG-tankers

• Calls for higher natural gas prices, steps to implement cross-border pipelines• Insists new terminal will be needed by 2025 to store imported LNG ISLAMABAD: The Planning Commission has asked the government to replace the expensive liquefied petroleum gas (LPG) with relatively cheaper liquefied natural gas (LNG), increase domestic natural gas prices and take immediate steps to implement cross-border gas pipelines — like Iran-Pakistan, and Turkmenistan-Afghanistan-Pakistan-India (Tapi) projects — to achieve energy sustainability. In a detailed policy advice, the Energy Planning and Resource Centre (EPRC) of the Planning Commission has…

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