Author: Admin

Pakistan plans to sell excess power to Central Asia in winter season via CASA-1000

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ISLAMABAD: Pakistan is looking to export its surplus electricity to Central Asian states, in the winter season, as it seeks to utilise the transmission infrastructure of a delayed regional power project and reduce its capacity payments burden. The country will hold the technical talks with Kyrgyzstan, Tajikistan, Kazakhstan, Uzbekistan and the World Bank in Dubai next month to discuss the tariff and the amount of power that can be sold to the region from October to April. Pakistan has a huge excess of electric power in the winter season, when…

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Power ministry recovers Rs55bn from delinquent consumers

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ISLAMABAD: The power ministry said on Tuesday, it had recovered Rs55 billion from electricity consumers that had either not paid their bills or were involved in theft, as part of a campaign to reduce losses and improve the sector’s performance. The ministry said it had collected Rs46 billion from Sept. 7 to Oct. 31 and another Rs9 billion in November so far, through detection charges and arrears recovery from delinquent consumers. Rashid Langrial, secretary of Power Division, said the November data includes detection charges and arrears recovery but does not…

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Economic confidence hits new low

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Ipsos survey reveals anxieties over inflation, unemployment and poverty levels ISLAMABAD: Only one in ten Pakistanis believes that the country is heading in the right direction, with economic problems ranking as the most worrying issues for them, reveals a new opinion poll. The outcomes of the survey reflect the overall poor conditions of the country, yet the number seeing the economy as very weak has declined to 60%, according to the Consumer Confidence Index Survey conducted by Ipsos – a market research firm – last month. The survey revealed that…

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Lenders seek transparency as Pakistan pitches for environment funding

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ISLAMABAD: Amid struggling project implementation and calls for more transparency by multilateral and bilateral lenders, the caretaker government on Tuesday made a pitch for additional international financial support, particularly those relating to ‘debt for nature and debt for social development swaps’ to help Pakistan meet climate finance targets. The appeal for additional financial support was made by Caretaker Finance Minister Dr Shamshad Akhtar at back-to-back engagements with lenders and development partners ahead of upcoming UN Climate Change Conference (COP-28) convened by UN Framework Convention on Climate Change (UNFCCC) from Nov…

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Govt appealed to bring gas tariff down to Rs1350 per MMBtu as per cost determined by OGRA

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Industries ready to pay 100 pc gas cost only, not subsidies: KCCI, Industrial Town Associations KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) along with all seven Industrial Town Associations and Value-Added Textile Associations have fervently appealed the government to bring down gas tariff to Rs1350 per MMBtu which has been determined as 100 percent cost of gas by OGRA and the industries were ready to pay the same but not the subsidies.Addressing a press conference here on Tuesday which was chaired by President KCCI Iftikhar Ahmed Sheikh, representatives…

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