Author: Admin

NEPRA Slaps Rs110m Fines on Four Power Distribution Companies for Poor Performance

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NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed fines exceeding Rs110 million on four ex-Wapda power distribution companies (Discos) — Hyderabad Electric Supply Company (HESCO), Quetta Electric Supply Company (QESCO), Faisalabad Electric Supply Company (FESCO), and Gujranwala Electric Power Company (GEPCO) — for failing to meet performance benchmarks related to system losses, recoveries, and pole earthing standards. According to NEPRA’s official orders, fines were imposed as follows: Rs10 million on HESCO, Rs40 million on QESCO, Rs10 million on FESCO, and Rs51 million on GEPCO — the latter penalised…

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Gas Utilities Seek Tariff Hike to Cover Revenue Shortfalls and RLNG Costs

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New-Project84

ISLAMABAD: Pakistan’s two major gas utilities — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) — have sought significant increases in their prescribed gas prices, citing mounting revenue shortfalls and additional costs associated with imported RLNG diversion. SNGPL has proposed a 10.7 per cent hike, equivalent to Rs189 per million British thermal unit (mmBtu), raising the prescribed price from Rs1,766.50 to Rs1,955.50 per mmBtu for the current fiscal year. The Lahore-based utility reported a Rs53 billion revenue shortfall, alongside an Rs582 million subsidy for LPG…

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Only 7% of water is provided for drinking, industries, and other purposes in Pakistan: International Conference told

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Pakistan: International Conference

KARACHI: Over 93% of water is used for agricultural purposes in Pakistan while about 7% is used for drinking, industries, and other purposes. There is a dire need to improve water management and reduce water wastage. This was the crux of the 7th Karachi International Water Conference organized by Hisaar Foundation entitled as Water, People and Health at Karachi School of Business and Leadership on Tuesday. The conference was attended by national and international water, health, and environment experts. Speaking at the conference, Simi Kamal, Chairperson of the Hisaar Foundation,…

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Pakistan Moves to Cut Energy and Interest Costs to Spur Industrial Growth

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New-Project83

ISLAMABAD: Pakistan is implementing a comprehensive set of reforms to reduce the cost of doing business and revive industrial growth, according to Khurram Schehzad, Advisor to the Finance Minister. In a post on X (formerly Twitter), Schehzad highlighted that the government has already achieved significant progress in lowering energy and financial costs, while taxation and regulatory reforms are also underway to create a more business-friendly environment. He noted that energy tariffs for industrial and agricultural consumers have been reduced from Rs 38 to Rs 23 per unit on additional consumption…

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Zardari Invites Polish Investors to Explore Joint Ventures in Pakistan’s SEZ

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New-Project82

ISLAMABAD: President Asif Ali Zardari has invited Polish businesses to explore joint ventures and investment opportunities in Pakistan’s special economic zones (SEZs), emphasizing the country’s commitment to expanding bilateral trade and cooperation with Poland. He extended the invitation during a meeting with Deputy Prime Minister and Minister of Foreign Affairs of Poland, Radoslaw Sikorski, who called on him at the Aiwan-e-Sadr on Friday. President Zardari said Pakistan deeply values its long-standing relationship with Poland, built on mutual respect, trust, and cooperation. He underlined Pakistan’s desire to strengthen political, economic, and…

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