Day: March 13, 2024

Dr. Musadik Malik Assumes Office as Federal Minister of Energy

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Musadik-Malik

ISLAMABAD – Dr. Musadik Malik has officially taken charge as the Federal Minister of Energy, marking the beginning of his tenure at the Ministry of Energy. Upon his arrival, he received a warm welcome from the Secretary of Petroleum and other officials of the ministry. Addressing the gathering, Dr. Malik expressed the government’s dedication to facilitating both local and foreign investment in the gas and minerals sector, emphasizing that the well-being of the people remains the top priority for the current administration. He reiterated the government’s commitment to ensuring uninterrupted…

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Planning Commission’s LEAP Model Targets Pakistan’s Energy Challenges

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renewal-energy

Islamabad – The Planning Commission’s new initiative, centered around a long-term integrated energy demand and supply model based on a long-range energy alternatives planning (LEAP) framework, aims to address Pakistan’s persistent energy challenges. Muhammad Nauman Hafeez Khan, a research analyst on energy policy at the Ministry of Planning, Development, and Special Initiatives, highlighted the critical role of this initiative in providing comprehensive energy planning at the national level. Khan emphasized the need for integrated energy planning to guide various energy-related departments over a span of five to 15 years. He…

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KP Chief Minister Calls for Action on Federal Dues, Emphasizes Hydropower Rights

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Karot-Hydropower

During a meeting at the Chief Minister’s House in Peshawar, KP Chief Minister Ali Amin Khan Gandapur emphasized the significant outstanding dues owed to Khyber Pakhtunkhwa (KP) by the federal government. Under the ‘AGN Qazi Formula’, the federal government owes KP a substantial amount of Rs 1,510 billion as net hydel profit (NHP). Additionally, arrears totaling Rs. 6 billion, pertaining to the province’s electricity supplied to the national grid, remain unsettled. Attendees of the meeting included Advisor to Chief Minister for Finance Muzammil Aslam, Chief Secretary Nadeem Aslam Chaudhry, and…

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SNGPL Proposes Tax Law Amendments to Alleviate Financial Strain

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Gas-Project

In a bid to alleviate financial burdens, the Sui Northern Gas Pipeline Company Limited (SNGPL) has recommended amendments to tax laws, aiming to revise sales tax, income tax, and minimum turnover tax, sources within the Petroleum Division informed Business Recorder. The proposed amendments address various tax issues previously highlighted by SNGPL, which were not addressed in the Finance Act 2023. The company stressed the urgency of providing relief in the upcoming Finance Bill for FY 2024-25, citing adverse effects on liquidity and profitability. Sales tax issues concerning RLNG (Re-gasified Liquefied…

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Syed Nasir Hussain Shah Appointed Minister for Energy Department

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Nasir-Shah

In a ceremony held at the Governor House, a 10-member Sindh Cabinet was inaugurated, presided over by Sindh Governor Kamran Tessori. Notable attendees included Sindh Chief Minister Syed Murad Ali Shah, elected lawmakers, diplomats, and members of various sectors. During the event, Sindh Chief Minister Murad Ali Shah, in consultation with party leadership, assigned portfolios to cabinet members. Of particular significance, Syed Nasir Hussain Shah was appointed as the Minister for the Energy Department, among other responsibilities. Former information minister Sharjeel Inam Memon was designated the senior minister, overseeing portfolios…

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