Author: Admin

Nepra Supports Over Rs60 Billion KE Write-Offs ISLAMABAD:

Admin
NEPRA-KE

Chairman of the National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar, has expressed support for over Rs60 billion in write-offs for K-Electric (KE). During a meeting at the Special Investment Facilitation Council (SIFC) aimed at resolving KE’s longstanding issues, Mukhtar noted that losses for government-owned distribution companies (Discos) are typically absorbed into the circular debt or recovered through consumer surcharges. KE’s CEO, Syed Moonis Abdullah Alvi, outlined that extensive deliberations involving key stakeholders led to the Economic Coordination Committee (ECC) of the Cabinet approving several agreements to settle disputes between…

Read More

Pakistan and Kuwait to Sign $25 Million Loan Agreement for Mohmand Dam ISLAMABAD:

Admin
Mohmand-Dam

Pakistan and Kuwait have signed a $25 million loan agreement aimed at funding the Mohmand Dam during the 5th session of the Pakistan-Kuwait Joint Ministerial Commission (JMC) in Kuwait, held from May 28 to May 30, 2024. The formal signing of the loan agreement will take place on June 3. This session marked significant progress in strengthening bilateral ties, with assurances from the Kuwait Fund to engage the Arab Coordination Group in financing the Diamer Bhasha Dam. The session was chaired by Abdul Aleem Khan, Pakistan’s Minister for Privatisation, and…

Read More

Govt Proposes Record Rs1.22 Trillion for PSDP with Major Focus on Energy Sector ISLAMABAD:

Admin
New-PSDP

In a significant policy shift, the government has proposed a record Rs1.22 trillion for the federal Public Sector Development Programme (PSDP) for the next budget, with a substantial 59% allocation for infrastructure projects. This proposal marks a 64% increase from this year’s downward revised PSDP and a 30% rise from the original budget of the current fiscal year. The Annual Plan Coordination Committee (APCC) has prioritized major energy sector projects, dedicating 31% of the budget, or Rs378 billion, to these schemes—an impressive 212% increase over the previous year’s allocation. This…

Read More

Latest Petrol Prices in Pakistan from 1 June 2024

Admin

The federal government on Friday reduced the petrol price by Rs4.74, taking the new rate to Rs268.36 per litre and The price of high-speed diesel (HSD) has also been slashed by Rs3.86 per litre to Rs270.22. According to the notification, the petrol price has been reduced by Rs. 15.40 per litre, while the price of high-speed diesel (HSD) has been slashed by Rs. 7.90 per litre. This brings the new price of petrol to Rs. 257.70 per litre, while high-speed diesel (HSD) will now cost Rs. 266.18 per litre. Petrol Prices…

Read More

172 public sector buildings will be provided with 47MW electricity through solarization in three different phases, Minister Energy Nasir Shah

Admin

KARACHI (May 31): Sindh Energy Minister Syed Nasir Hussain Shah has said that 172 public sector buildings will initially be provided with 47 MW of electricity through solarization in three different phases. He expressed these views today at the Energy Department during a meeting with a delegation of the World Bank’s technical mission. The World Bank mission was led by Senior Energy Specialist/Task Team Leader Dmytro Glazkov while Project Director Sindh Solar Energy Mahfooz Qazi and others were also present on the occasion. Minister Energy gave more details and said…

Read More