Year: 2023

Nov 23 to March 24: PPRA grants SLL exemption on LPG purchases

Admin
lpg.png

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has granted exemption to SSGC-LPG (Pvt.) Limited (SLL) for procurement of up to five cargoes of Liquefied Petroleum Gas (LPG) for five months (November 2023 to March 2024) and procurement of LPG with the condition of lower prices, sources close to Secretary Finance told Business Recorder. Sharing the details, sources said on October 20, 2023, Managing Director PPRA informed the Board that Ministry of Energy (Petroleum Division) in a letter of October 03, 2023 requested PPRA to allow exemption under section 21 of PPRA…

Read More

Irregularities in Guddu thermal power station: NAB seeks details of GHCL CEO, others

Admin
nab13

ISLAMABAD: National Accountability Bureau (NAB) has reportedly started probe against officials, retired or in service including former Chief Executive Officer (CEO) Genco Holding Company Limited (GHCL) Mian Muhammad Imran, in a case related to Guddu thermal power station irregularities, well informed sources told Business Recorder. NAB, in a letter to Power Division, sought information “under rule 19 of NAO, 1999 – Inquiry against Mian Imran, MD PEPCO, Management of Guddu Thermal Power Station and others.” According to sources NAB has sought details regarding award of maintenance contract of 747 MW of…

Read More

Value of PKR

Admin
depreciating-rupee

There have been unusual developments in the value of the rupee (PKR) during the last seven weeks. From a trend in the form of a declining value with respect to the US$, there has been an unanticipated reversal in this trend. During the month of September and up to the middle of October the rupee has actually gained in value by almost 14% in the open market. Simultaneously, the inter-bank exchange rate has improved by over 8%. The appreciation in the value of the rupee has been taking place at…

Read More

Jury still out on mega-solarisation of tube wells

Admin
solarisation-project

ISLAMABAD: A mega scheme to solarise 100,000 tube wells across Pakistan, at the cost of about Rs370 billion, has drawn cautious appraisals from experts who term it a ‘double-edged sword’. Towards the end of his tenure, then prime minister Shehbaz Sharif inaugurated the scheme, but the PC-1 of the umbrella project was only approved this month. As its cost is shared between the provincial governments and the centre, its implementation is being spearheaded by the Federal Water Management Cell, a department of the Ministry of National Food Security and Research. Sajid Altaf,…

Read More