Month: September 2023

CEOs of Discos to be appointed from Federal Service

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power-sector

ISLAMABAD: The caretaker government has decided to appoint Chief Executive Officers (CEOs) of power Distribution Companies (Discos) from Federal Service on need basis, and change Boards of all Discos. Well-informed sources told Business Recorder that Power Division is seeking Federal Government’s approval, in principle, for appointment of CEOs of Discos from Federal Service which includes Pakistan Administrative Service (PAS), Income Tax Group, Audit and Accounts and Police Group on deputation basis as quality of some of the CEOs is very poor. For this purpose, Power Division is about to send a summary…

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Services of PAEC in Pakistan health sector lauded

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PAEC-1

Services of PAEC in Pakistan health sector lauded February 27, 2025 ISLAMABAD: The role and services of Pakistan Atomic Energy Commission (PAEC) for use of nuclear and other advanced techniques for diagnosis and treatment, have been profusely admired for eradication of cancerous and allied diseases as the views have been expressed at the 67th session of the general conference of the International Atomic Energy Agency (IAEA), where a signing ceremony at the brinks of the prestigious international gathering was held. The commission is actively involved in the national cancer awareness,…

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OGDCL ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2023

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ogdcl

ISLAMABAD, September 28, 2023: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on September 28, 2023, at Islamabad, announced the financial results for the year ended June 30, 2023, of fiscal year 2022-23. Net sales revenue clocked at Rs. 413.594 billion, translating to profit after tax of Rs. 224.617 billion, showing an increase of 59 percent compared to a profit of Rs. 133.783 billion in the same period of last year and earnings per share of the company clocked at Rs. 52.23…

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Pakistan owes $1.2bn to Chinese power producers

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Chinese-power

ISLAMABAD: The government on Wednesday reported the outstanding payables to the Chinese power producers at around Rs360 billion (about $1.25bn) as it pleaded to charge Rs1.83 per unit additional cost from consumers of ex-Wapda distribution companies (Discos) in October. The National Electric Power Regulatory Authority (Nepra), which held a public hearing on the request of the Central Power Purchasing Agency (CPPA) for recovering an additional Rs28.3bn or Rs1.83 per unit fuel cost adjustment in Discos’ tariffs for electricity consumed in August, noted that a series of cheaper power plants remained…

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Another ‘electric shock’ in store for K-Electric consumers

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k-electric.

ISLAMABAD: The Nat­ional Electric Power Regu­latory Authority (Nepra) on Wednesday approved up to Rs4.46 per unit increase in electricity rates for consumers of K-Electric for two months — October and November — to reduce the federal government’s subsidy payments to the Karachi-based utility, but withheld another 47 paise hike because of legal consequences. This is on top of another Rs3.28 per unit increase, allowed last week by the regulator for the KE consumers as part of a uniform national tariff hike to be charged across the country for six months — October…

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