Month: September 2024

Govt Orders FIRs Against Grid Station Takeovers in KP

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Power genration

ISLAMABAD: After months of cautious restraint, the federal government has decided to initiate legal action against the forced takeovers of grid stations in Khyber Pakhtunkhwa (KP), involving the deployment of Frontier Constabulary (FC) personnel to safeguard power infrastructure. Tensions between the federal PML-N government and KP’s PTI-led administration have escalated since the general election, with the issue being a major point of contention. Sources from the power division revealed that a directive was sent to the Peshawar Electric Supply Company (Pesco), ordering FIRs to be lodged against those responsible for…

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Govt Entities Owe Rs256.34 Billion to Power Distribution Companies

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Power-sector

ISLAMABAD: The National Assembly was informed on Wednesday that federal, provincial, and Azad Jammu and Kashmir (AJK) governments collectively owe over Rs256.34 billion to power distribution companies (DISCOs) as of June 2024. Responding to a question from MNA Jam Abdul Karim Bijar during the Question-Hour, the Power Division disclosed the DISCO-wise breakdown of arrears. The federal government owes Rs47.811 billion, provincial governments Rs151.763 billion, and the AJK government Rs56.71 billion. The largest receivables from federal departments include Rs14.137 billion by IESCO and Rs6.673 billion by LESCO. For provincial government departments,…

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OMCs’ September Cargo Deferred, October Shipments to Be Canceled

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Russian-oil

ISLAMABAD: Leading oil marketing companies (OMCs) have had their September cargoes deferred, with three scheduled for October set to be rationalized or canceled. If necessary, December cargoes will also be canceled. In a meeting on Wednesday with refineries and top-performing OMCs, the decision was made to address concerns about the excessive stock of high-speed diesel (HSD). Cargoes already in the country will be stored in bonded facilities and unavailable for sale until the end of September. The Petroleum Division has also requested a report on allegations from local refineries regarding…

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OGRA Steps in to Protect Refineries, Cancels HSD Cargoes for OMCs

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has taken swift action to safeguard the country’s refineries by halting some oil marketing companies (OMCs) from importing High-Speed Diesel (HSD) due to an oversupply of the fuel. The regulator canceled diesel cargoes scheduled for Pakistan State Oil (PSO) and GO company for October and November, in response to warnings from refineries that excess HSD stocks could destabilize the country’s supply chain. An emergency meeting between OGRA, refineries, and OMCs led to the postponement of additional HSD imports, with further cancellations possible…

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Centre, Provinces Owe Rs2.56 Trillion to Power Distribution Companies

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Your-Bill

ISLAMABAD: The federal and provincial governments collectively owe over Rs2.56 trillion in unpaid electricity bills to Distribution Companies (DISCOs) across Pakistan, according to official documents reviewed by The Express Tribune. The 12 DISCOs, which include major utilities like Lahore Electric Supply Company (Lesco), Islamabad Electric Supply Company (Iesco), and K-Electric, are struggling to recover payments. The federal government’s debt totals Rs47.81 billion, while provincial governments owe Rs1.51 trillion. The Azad Jammu and Kashmir government’s institutions have also accrued Rs56.77 billion in unpaid bills. Major defaulters include the Sindh government with…

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