Year: 2023

Discos inflict Rs170bn loss on exchequer

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The national exchequer has to bear a whopping Rs 170 billion financial loss on account of low collection of revenues due to poor governance/ management by some of the distribution companies (Discos) for the financial year 2021-22 (FY21-22). Around Rs. 2.517 trillion were collected against the billed amount of Rs. 2.686 trillion in the year under review, depicting a total loss of around Rs. 170 billion that has to be suffered by the national kitty for FY21-22, said the National Electric Power Regulator Authority’s (Nepra) Performance Evaluation Report [of Distribution…

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LPG hits historic high of Rs300/kg: LPGA demands setting up of probe commission

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A judicial commission should be formed to inquire into corrupt practices and people behind black marketing of LPG as it has touched a historic high of Rs300/kg across the country. Although the fixed price of LPG by Ogra is Rs204 per kg, but on the contrary, the government-owned SSGC has increased the price of LPG per kg to Rs300 with rate of domestic cylinder increasing by Rs235 to Rs3,550 and the price of commercial cylinder has reached a high of Rs13,620, ie, up by Rs908. Irfan Khokhar, chairman LPG Association…

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LHC moved against petroleum price hike

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A petition was filed on Monday in the Lahore High Court (LHC) challenging the recent petroleum. The petitioner argued the petroleum prices have decreased in the international market but it was different in Pakistan. The petition further added it was an act of exploitation and the federal government has increased suffering of the people instead of providing relief. Finance Minister Ishaq Dar on Sunday announced an increase of up to Rs35 in petroleum prices with an immediate effect as Pakistan is scrambling to meet the conditions of the International Monetary…

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Govt allows ‘sky high’ raise in petrol prices

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pso

Petrol and high speed diesel price up by rs 35/litre, Kerosene oil is now available at rs 189.83/litre and light diesel oil rs 187/litre n finance minister ishaq dar explains petrol prices in international market have increased by 11 per cent, recalls on Pm’s instructions petrol prices remained unchanged during the last four months n terms fiscal discipline vital for economic prosperity. The government has jacked up the prices of petrol and high speed diesel (HSD) by Rs 35/litre each owing to increase in the oil prices in international market…

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Small Modular Nuclear Reactors Are A Game Changer For Clean Power

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For years, small modular nuclear reactors (SMRs) have been teased as the next big thing in clean energy. They were promised to be the solution to safely and efficiently scaling nuclear energy and the catalyst that would bring the nuclear energy renaissance into full swing. But then they never arrived. “Small modular reactors: What is taking so long?” asked an Energy Monitor report released last Fall. While these next-generation reactors have been right around the corner for years, the strict rules and regulations around nuclear energy, and especially new and…

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