Year: 2023

Gharo cluster transmission: WPPs for removing constraints

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ISLAMABAD: Three Wind Power Projects (WPPs) have urged the government to remove constraints on the Gharo Cluster transmission line network system on war footing basis. The three WPPs, Hydrochina Dawood Power (Pvt) Limited, Zephyr Power Limited and Tenaga Generasi Limited, in a joint letter to Registrar National Electric Power Regulatory Authority (Nepra), stated that they are sharing certain matters of concern that are hindering the smooth operations of wind power generation facilities set up by the Companies in Gharo, Sindh. According to these companies they had written a letter to…

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Imports of petroleum group contract by 17.96pc in 10 months  

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petroleum-group

ISLAMABAD – The imports of the overall petroleum group contracted by 17.96 percent during the first ten months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-April (2022-23) stood at $13,974.610 million, as against the imports of $17,033.574 million during the same period of last year, according to PBS data. Among petroleum commodities, the import of petroleum products declined by 28.07 percent, from $8,549.224 million last year…

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Pakistan faces default by October without IMF bailout, says former finance minister

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Miftah Ismail says IMF programme is “essential” for Pakistan if it is to avoid default KARACHI: Pakistan faces default by October this year without a bailout from the International Monetary Fund (IMF), former finance minister Miftah Ismail said on Thursday. Ismail, who was finance minister from September to October last year, said the delay in the IMF programme had pushed the country’s economy into “current troubles”. “It is clear that Pakistan would default without an IMF programme in the last quarter of this financial year, if not by the end…

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Costly electricity affecting consumers’ affordability, consumption pattern: survey

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electricty

ISLAMABAD: High power tariffs are adversely affecting consumers’ affordability and their consumption patterns. The trend is ultimately causing a sharp decline in the recoveries of distribution companies (DISCOs). Besides, the low recoveries can lead to difficulties in paying for power purchases from the generation companies, maintaining distribution networks and servicing debts. These factors further hinder the ability of DISCOs to invest in infrastructure upgrades, provide quality services and improve the overall reliability of electricity supply. These are some of the findings of a nationwide survey conducted by the Institute of…

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