Month: July 2024

Govt Announces Reduction in Petroleum Prices

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petrol-price

Islamabad, Pakistan – In a move to provide relief to citizens, Prime Minister Muhammad Shehbaz Sharif has approved a reduction in the prices of petroleum products, effective immediately. According to a notification issued by the Ministry of Finance, the price of diesel has been decreased by Rs 10.86 per liter, while the price of petrol has been reduced by Rs 6.17 per liter. Additionally, the price of kerosene has been slashed by Rs 6.32 per liter, and light speed diesel by Rs 5.72 per liter. This decision comes as a…

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Consultative workshop on Sindh’s solar-wind hybrid project

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New-Project

SEPRA likely becoming functional by August end to remarkably reduce electricity tariff for Sindh’s domestic, industrial consumers: Nasir Hussain Shah Karachi: Sindh Energy Minister, Syed Nasir Hussain Shah, has said the electricity prices for domestic and industrial consumers in the province will significantly be reduced with Sindh Electric Power Regulatory Authority (SEPRA) likely becoming functional by end of next month to take over tariff determination affairs in Sindh.The Energy Minister stated this on Monday while speaking as the chief guest at a consultative workshop on “Solar Wind Hybrid Project B2B…

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Government to Reduce Petroleum Prices from August 1

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Petroleum-prices

ISLAMABAD: The federal government is set to implement substantial reductions in the prices of petrol and high-speed diesel (HSD) effective August 1, 2024. According to oil marketing companies (OMCs), the price of petrol is expected to decrease by Rs6 per liter, while HSD will see a reduction of Rs11.50 per liter. Additionally, kerosene oil and light diesel oil (LDO) are anticipated to drop by Rs6.10 per liter and Rs5.50 per liter, respectively. This price cut follows a decline in international oil prices, with petrol prices falling from $89.50 to $87.50…

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Government Announces Rs 50 Billion Subsidy for Low-Income Households

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Musadik-Malik

ISLAMABAD: Federal Minister for Petroleum Musadik Malik announced a Rs 50 billion energy subsidy package on Tuesday, aimed at low-income households consuming up to 200 units of electricity. This initiative will benefit 86 percent of households, ensuring they retain last year’s power tariff. Additionally, Rs 600 billion has been allocated for the Benazir Income Support Programme (BISP) to assist the poor. The recent budget also includes development projects worth Rs 1,200 billion. Minister Malik highlighted the country’s economic progress, noting a bullish trend in the stock exchange and a rise…

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President and Commonwealth Secretary Discuss Climate Challenges

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Asif-Zardari

ISLAMABAD: President Asif Ali Zardari emphasized the need for stronger cooperation with the Commonwealth in addressing climate change, education, parliamentary exchanges, and disaster preparedness during a meeting with Commonwealth Secretary-General Patricia Scotland at Aiwan-i-Sadr on Tuesday. President Zardari highlighted the severe impact of erratic weather patterns on Pakistan, particularly the extensive damages from the 2022 floods. He mentioned the Sindh government’s initiative to build two million flood-resilient houses and the planting of over two million mangroves to combat climate change effects. Ms. Scotland acknowledged Pakistan’s significant climate challenges and its…

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