Year: 2023

SITE PRESIDENT DEMANDS RESUMPTION OF SUBSIDY ON INCREMENTAL USE OF ELECTRICITY, END TO PHL

Admin
site-association

KARACHI: President, SITE Association of Industry Muhammad Kamran Arbi has, in a press statement, drew attention of the government towards high industrial power tariff. He said that the high industrial power tariff is badly hampering industrial production and resulting in decline of exports. Quoting KE’s Annual Report 2023, he said that due to high power tariffs, economic slowdown and low demand, KE’s units sent out dropped by nearly 8%. The drop in energy consumption, due to low demand and high tariffs impacted industrial production leading to a deterioration of exports…

Read More

Pedo earning billions of rupees for KP: adviser

Admin
power-tariff

PESHAWAR: Khyber Pakhtunkhwa Caretaker Adviser for Planning & Development, Energy & Power and Minerals Development Dr Syed Sarfaraz Ali Shah has said Pakhtunkhwa Energy Development Organization (Pedo) is a major source of annual income worth billions of rupees. He said that under the supervision of Pedo, work is currently underway on 42 energy projects of transmission lines including hydro and solar power. The completion of these projects would prove to be a game changer for the stability and economic development of the province, he added. While presiding over a meeting…

Read More

‘For-sale’ PIA hit by worst-ever fuel crisis

Admin
pia-move

• Over 75 flights scheduled for Sunday cancelled as PSO cuts supply• Spokesperson claims operation ‘partially restored’ as four international flights depart late at night• Employees’ rep sees airline’s ‘destruction’ as part of ‘planned conspiracy’ RAWALPINDI: Once a profitable entity and the pride of a nation, the national flag carrier’s fortunes plummeted to an all-time low on Sunday, when its operations ground to a halt yet again, due to a lack of fuel. While Pakistan International Airlines (PIA), suffering losses to the tune of Rs750 billion, is no stranger to…

Read More

Govt set to ratify soaring gas charges before IMF review

Admin
IMF-board

• Fixed monthly fee to jump from Rs10 to Rs400, consumer rates by 194pc• Special ECC meeting scheduled today to clear unprecedented hikes ISLAMABAD: Before seeking final dates for the second review of the ongoing IMF loan programme, the government has convened a special meeting of the Economic Coordination Committee (ECC) on Monday (today) to discuss and clear an unprecedented surge of 3,900 per cent in fixed monthly charges and a 194pc hike in consumer rates for natural gas. These price adjustments, set for cabinet’s ratification on Tuesday, aim to…

Read More

Power generation rises, fuel cost falls

Admin
power-sector

Pakistan produces 44,138 GWh in first three months of FY24 KARACHI: Pakistan’s power generation increased 7.4% to 44,138 gigawatt hours (GWh) in the first three months (Jul-Sept) of current fiscal year while the cost of fuel dropped 21.5% to Rs8.03 per unit. The cost fell in the wake of improvement in energy mix with higher production from low-cost sources and lower production from expensive sources. According to research houses, which cited the data provided by the National Electric Power Regulatory Authority (Nepra), the production stood at 41,081 GWh in the…

Read More