Author: Admin

Important Statement by Power Division Spokesperson Regarding Circular Debt and Loss Reduction

Admin
nepra

The power sector’s circular debt decreased from PKR 2,393 billion in FY 2023–24 to PKR 1,614 billion in FY 2024–25. In the federal budget for FY 2025–26, a total of PKR 893 billion was allocated for the power sector; however, a deduction of PKR 98 billion was subsequently made. Had the power sector received the full allocated budgetary payment, the circular debt would have further reduced to PKR 1,577 billion. Due to the budget deduction of PKR 98 billion, the circular debt witnessed an increase of PKR 61 billion during…

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CM Murad Shah pledges immediate action on investors’ concerns, unveils push for more business-friendly reforms

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New-Project267

KARACHI (July 28): Sindh Chief Minister Syed Murad Ali Shah on Tuesday pledged swift resolution of regulatory and operational issues facing British investors and multinational corporations, assuring the international business community that Sindh would continue pursuing investor-friendly reforms, regulatory simplification and policy consistency to attract fresh investment and facilitate business expansion.Chairing a high-level Pakistan-UK Roundtable of Multinational Corporations and UK-based firms operating in Sindh, organised in collaboration with the British Deputy High Commission, the Chief Minister reaffirmed his government’s commitment to creating a transparent, predictable and globally competitive business environment.…

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Pakistan Approves Refining Policy Amendments to Boost Energy Security, Reduce Fuel Imports

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New-Project266

ISLAMABAD: Prime Minister Shehbaz Sharif has underscored the importance of modernizing Pakistan’s oil refineries, saying that upgrading existing refining infrastructure is critical to strengthening the country’s energy security, reducing dependence on imported fuels, and ensuring the production of cleaner, environmentally friendly petroleum products. Chairing a meeting of the Cabinet Committee on Energy on Tuesday, the Prime Minister approved proposed amendments to the Pakistan Oil Refining Policy 2023 for brownfield refineries. The revised policy is designed to encourage investment in refinery upgrades, enhance domestic refining capacity, and facilitate the production of…

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Does Charging Your Mobile Phone Increase Your Electricity Bill? Experts Say the Cost Is Surprisingly Low

Admin
Smart-Phone

As smartphones have become an essential part of everyday life, charging them has become a routine activity for millions of people. Whether plugged in once a day or several times, many users often wonder whether regularly charging a mobile phone has a noticeable impact on their electricity bill. According to experts, the answer is reassuring: charging a mobile phone consumes a very small amount of electricity and has a negligible effect on household power bills. Compared with common household appliances such as refrigerators, electric irons, air conditioners and ceiling fans,…

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Govt Constitutes High-Level Committee to Resolve Oil Tanker Industry Issues

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Oil-Tanker

ISLAMABAD: The federal government has constituted a high-level committee to address long-standing concerns raised by oil tanker owners, including freight rates and the petroleum transportation quota system, Petroleum Minister Ali Pervaiz Malik announced on Monday. Speaking to the media in Islamabad, the petroleum minister said the committee has been tasked with engaging stakeholders and submitting its recommendations within one week to help resolve the industry’s outstanding issues. The announcement followed a meeting between the Petroleum Division and a delegation of the Oil Tanker Contractors Association, during which both sides agreed…

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