Author: Admin

KE’s tariff adjustment period: Nepra issues addendum to clarify its decision

Admin
k-electric

ISLAMABAD: The National Electric Power Regulatory Authority has issued addendum to clarify its decision about K-Electric’s tariff adjustment period. The Authority, pursuant to the judgment of the Supreme Court of Pakistan of January 19, 2023, issued its decision in the matter on October 31, 2023. Nepra reserves verdict on KE’s pleas for 20-year licences The decision was intimated to the federal government for notification in light of Section 31 of NEPRA Act.

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At the rate of Rs3.53/unit for Oct 2023: Nepra agrees to allow Discos to recover Rs32.7bn additional amount

Admin
Nepra-KE-1

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday agreed in principle, to allow Discos to recover additional amount of Rs 32.7 billion at the rate of Rs 3.53 per unit from their consumers for October 2023 under the garb of previous adjustments. During the public hearing a representative of CPPA-G, Naveed Qaisar stated that positive impact of FCA in October 2023 was Rs 7.45 per unit against Rs 7.65 per unit of reference FCA, which implies that FCA’s impact was negative paisa 20 per unit. However, with addition…

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SBP grilled over money laundered via solar panels

Admin
solar-panel

ISLAMABAD: The Senate Standing Committee on Finance on Wednesday regretted that the State Bank of Pakistan (SBP) had shared insufficient information on over Rs70bn established trade-based money laundering through the import of solar panels and ordered immediate payment to teachers their salaries pending since the start of the current fiscal year. Senator Saleem Mandviwalla, who presided over the meeting, lamented that it was the third meeting of the panel on the subject but the latest report on money laundering through solar panel imports did not offer anything new or progress.…

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‘Tax the bad’ to boost climate finance, COP28 panel advises

Admin
climate-change

Increasing taxes on polluting activities and cutting fossil fuel subsidies could generate trillions of dollars to tackle climate change, an advisory panel to the COP28 talks in Dubai said. Summit host the United Arab Emirates, a major oil producer, has said the two-week meeting starting on Thursday must deliver “tangible action” on climate funding, which has been squeezed by rising debt burdens, faltering political will and patchy efforts by private finance. Higher carbon taxes – including levies on emissions from the maritime and aviation sectors – should be among options…

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COP28 summit: Pakistan needs $348bn by 2030 to take climate action

Admin
climate-action

ISLAMABAD: Pakistan will strive for operationalisation of $100 billion loss and damage fund and equal funding for the climate change mitigation as well as adaptation at COP28 summit going to held in Dubai from Thursday. Being the worst affected country due to climate change, Pakistan needs around $348 billion by 2030 to take climate action, both to mitigate and adapt to the unavoidable damages while the country requires $120 billion alone for the adaptation to the climate change in next seven years, Syed Asif Hyder Shah, secretary, Ministry of Climate…

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