Day: December 30, 2023

Alleged violation of laws: Sacked MD of NTC to face disciplinary proceedings

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Pakistan-Telecommunication

ISLAMABAD: The sacked Managing Director, National Telecommunication Corporation (NTC) is to face disciplinary proceedings for allegedly violating prescribed laws before assuming charge as Chairman NTC, well-informed sources told Business Recorder. The Ministry of Information Technology & Telecommunication (MoI-T&T) submitted a summary to the Cabinet stating that National Telecommunication Corporation (NTC) was established under Section 41 of the Pakistan Telecommunication (Re-Organization) Act, 1996, for provision of telecommunication services within Pakistan on a non-exclusive basis only to the armed forces, defence projects, Federal Government, Provincial Governments or such other Government institutions as the…

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Coal procurement process: Lucky Commodities lodges complaint with minister

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coal

ISLAMABAD: M/s Lucky Commodities is said to have lodged a complaint with caretaker Minister for Power and Petroleum, Muhammad Ali on coal procurement process for Sahiwal imported coal-fired power plant, In a letter to caretaker Minister, the company referred to a bidding document dated November, 2023, floated by Huaneng Shandong Ruyi (Pakistan) Energy (Private) Limited for procurement of coal for its coal-fired power plant in Sahiwal, with a bid deadline set for November 29, 2023. The company argued that it seems this tender may be inclined to favor a single…

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Miseries of energy consumers continue to mount

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power-supply

Electricity, gas and oil prices go through the roof, forcing consumers to cough up billions ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly food items, soaring. To add to the woes, the outgoing year saw no major investment in the energy sector. Though the government made big promises, no investment plan could materialise.…

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Nepra approves Rs1.72 per unit hike for KE consumers

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Nepra-KE-1

The National Electric Power Regulatory Authority (Nepra) on Friday approved a hike of around Rs1.72 per unit for K-Electric (KE) consumers on account of quarterly adjustments for electricity consumed in the second and third quarters of 2023. In its notification for adjustment in electricity rates of KE, Nepra said the tariff increase would apply to all consumer categories except lifeline consumers. The notification said there were two components to the tariff hike: Rs0.47/unit to be recovered for April, May and June and Rs1.25/unit to be recovered for July, August and September. It…

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Senate panel wants LNG imports by private parties

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lng

ISLAMABAD: The Senate Standing Committee on Petroleum recommended to the government on Friday that private parties should be allowed to import liquefied natural gas (LNG) which would not only improve its availability but would also bring down prices through competition. The committee met in the Parliament House under the chairmanship of Senator Mohammad Abdul Qadir who recommended that officers from the Ministry of Energy (Petroleum Division) reach out to international companies and encourage them to invest in the energy sector of Pakistan. Mr Qadir said that since 2015, the government…

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