Author: Admin

PM Orders Two-Pronged Strategy for Privatisation of Power Discos

Admin
Power genration

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division to implement a dual approach for Power Distribution Companies (Discos), focusing on both provincialisation and privatisation, to fulfill commitments to development partners, according to informed sources. During a recent meeting on power tariff reduction and Discos’ ownership, the Prime Minister instructed the Power Division to prepare a comprehensive roadmap and timeline for transferring ownership and control of Discos to provincial governments. This process is to be undertaken in consultation with provinces and submitted for his review and approval. Simultaneously, privatisation…

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New Gwadar Airport Welcomes First Commercial Flight

Admin
Gwadar-Airport

RAWALPINDI: Pakistan International Airlines (PIA) will make history today as flight PK-503 from Karachi lands at the New Gwadar International Airport, marking the commencement of its operations. An official from the Pakistan Airport Authority (PAA) confirmed the milestone, with the inaugural flight scheduled to depart Karachi’s Jinnah International Airport at 9:20 am. The aircraft will receive a ceremonial water salute upon arrival. Prominent passengers on board include high-ranking officials from the aviation division, reflecting the significance of the occasion. Defence and Aviation Minister Khawaja Asif will greet passengers at the…

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Centre, KP Seek Clarity on Controversial Gas Sale Without Bidding

Admin
Gas-Project

ISLAMABAD: The Prime Minister’s Office (PMO) and the Khyber Pakhtunkhwa (KP) government have sought clarification from the Petroleum Division regarding the proposed sale of gas from the Razgir field in Kohat without a competitive bidding process. This directive was issued by the PMO on January 2 following reports that a minority shareholder in the newly developed field had negotiated a gas sale agreement with a third party, bypassing open bidding protocols. Despite reminders, the Petroleum Division has yet to respond. KP’s Directorate General of Petroleum Concessions (DGPC) has also emphasized…

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Petrol shortage persists as minister warns hoarders

Admin
fuel

As an artificial petrol shortage has left motorists high and dry, the government warned petroleum products hoarders to end the criminal activity that creates a deliberate fuel shortage or be ready for dire consequences, including revoking the licences of oil marketers. The full-blown crisis of low fuel supplies at filling stations has multiplied the problems of commuters, forcing them to find petrol for their vehicles from pillar to post. Long queues at petrol pumps have been witnessed and relatively fewer filling stations still have fuel supplies. People complained that they…

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As cut in power tariff likely FRIA wants major reduction

Admin
power tariff

LahoreAs the National Electric Power Regulatory Authority (Nepra) is likely to slash power tariff by Rs1.035 per unit as part of monthly fuel price adjustment for December 2024, the Ferozepur Road Industrial Association has said that some major cut should be introduced to provide relief to electricity consumers, who are bearing very high tariffs.FRIA Chairman Shahbaz Aslam said that the Central Power Purchasing Agency-Guarantee has submitted a formal request to Nepra on behalf of power distribution companies (DISCOs), proposing a tariff reduction of Rs1.035 per kilowatt-hour (kWh) compared to the…

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