Month: July 2024

NEPRA Faces Criticism as K-Electric Seeks Rs5.50 per Unit FCA Hike

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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) faced severe criticism from political and business circles in Karachi on Tuesday after K-Electric requested an additional fuel cost adjustment (FCA) of Rs5.45 per unit for May and June. The private power utility demanded an additional FCA of Rs2.53 per unit for May and Rs2.92 per unit for June, amounting to a total financial impact of Rs10.036 billion. Led by Chief Financial Officer Aamir Ghaziani, K-Electric’s team pointed out that consumers of other ex-Wapda distribution companies had already been subjected to an…

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Macroeconomic stability must before taking growth-oriented steps: Aurangzeb

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KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to attain macroeconomic stability for sustainable growth because if the government, without attaining macroeconomic stability, takes growth-oriented steps which was done in the past, it would face balance of payment issue so there was no choice but to take difficult decisions for macroeconomic stability which, when achieved, would reduce the burden on business community as well as salaried class.Speaking at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI)…

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Special Economic zone will establish on remaining steel mills land , Steel Mill to be revitalized: CM

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KARACHI (July 30): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries & Production Rana Tanveer, in their meeting at CM House, discussed the revival of the Pakistan Steel Mill plan and the establishment of a Special Economic Zone on the remaining land. The meeting was attended by Provincial Minister Industries Jam Ikarm Dharejo, Chief Secretary Asif Hyder Shah, PSCM Agha Wasif, Secretary Industries Yasin Shar, and the Federal Minister was assisted by Federal Secretary for Industries Saif Anjum and his team. The chief minister said that…

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The Future of Renewable Energy in Pakistan: Opportunities and Challenges

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renewable-energy

As the world grapples with climate change and environmental degradation, the shift towards renewable energy has become more critical than ever. Pakistan, with its abundant natural resources, is well-positioned to harness renewable energy to meet its growing energy demands. In this blog, we will explore the future of renewable energy in Pakistan, focusing on the opportunities and challenges that lie ahead. We will discuss the potential of solar energy, wind energy, and hydropower, and highlight the role of energyupdate.com.pk in keeping you informed about the latest developments in the energy…

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APTMA Demands Transparency in IPP Deals

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ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has formally requested detailed information on independent power producers (IPPs) from the government, invoking the Right of Access to Information Act to promote transparency in the power sector. APTMA’s request aims to foster transparency and accountability in public matters, using the information for research and analysis to better understand the governance and policy implementation in the power sector. Letters have been sent to key government officials, including the Secretary of the Power Division, the Chief Executive of the Central Power Purchase Agency…

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