Author: Admin

FBR tells Senate body: Rs37bn ‘solar panel scam’ to be probed under AML

Admin
fbr

ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Senate Standing Committee on Finance that over Rs37 billion over-invoicing scam on import of solar panels would be dealt with under the Anti-Money Laundering Act (AML). The meeting featured a briefing by the FBR chairman and his team, shedding light on reports of massive money laundering by solar panel importers. The FBR chairman informed that as a result of the audit, two FIRs have recently been lodged against M/s Bright Star Business Solution (Pvt) Ltd and M/s Moonlight Trader (SMC)…

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NEECA again transferred to Power Division

Admin
power-sector

ISLAMABAD: The government has once again transferred National Energy Efficiency & Conservation Authority (NEECA) to Power Division from Ministry of Science and Technology due to ‘pressure’ from the World Bank. According to Cabinet Division, NECCA shall continue to be reflected against business of the Power Division in schedule–II of the Rules to Power Division. In September last year, the then Prime Minister Shehbaz Sharif had given his nod to transfer NEECA back to Power Division from Ministry of Science and Technology within four months. Bringing energy efficiency to industrial sector:…

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Discos seek Nepra nod for Rs1.829/unit hike

Admin
Nepra-tariff

ISLAMABAD: The ex-Wapda distribution companies (XWDiscos) have sought the National Electric Power Regulatory Authority’s (Nepra) green light for collection of Rs1.829/unit additional charges from consumers in October. The request is in relation to the monthly Fuel Charges Adjustment (FCA) for August. Meanwhile, Rashid Mahmood Langrial, Power Division Secretary, shared updates on the ongoing power sector’s anti-theft campaign that started on September 7. He said on the 12th day, the recovery reached Rs4.6 billion, with 1,104 individuals apprehended. Although, the disparity between the filed FIRs and actual arrests is growing, there…

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KE willing to join RE project of Saudi firm

Admin
k-electric

ISLAMABAD: K-Electric (KE) has expressed willingness to become partner in 3,000-MW Renewable Energy (RE) project of Saudi company M/s ACWA, which requires Government to Government (G2G) arrangement between Pakistan and Saudi Arabia. In response to a letter of Power Division of August 24, 2023, wherein the KE has been requested to provide its views with regard to the Expression of Interest (EoI) submitted by ACWA Power for the development of up to 3,000MW of Renewable Energy (RE) project, Chief Executive Officer KE, Syed Moonis Abdullah Alvi, stated that the intent…

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Dasu transmission line: NTDC asked to stop release of remaining payments

Admin
power-energy

ISLAMABAD: The Senate Standing Committee on Power has asked National Transmission and Despatch Company (NTDC) to stop remaining payment of all contractors and consultants of 765-kV double circuit transmission line of Dasu Hydropower station. The Standing Committee headed by Senator Saifullah Abro has also submitted its report to Chairman Senate Sadiq Sanjrani who directed the former to also share it with Power Division. According to the report, Chairman Committee enquired from Company Secretary, NTDC, whether the relevant Clause is 3.26 of the World Bank regulations who told him to quote…

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