Author: Admin

Govt planning to borrow Rs1.25trn from banks to clear circular debt, says brokerage house

Admin
Power-sector

In a key development for Pakistan’s power sector, the government was planning to borrow Rs1.25 trillion from the banking sector to retire the circular debt, stated brokerage house Topline Securities in a report on Friday. Pakistan circular debt crisis is a significant challenge for the country’s energy sector and its broader economy. The circular debt refers to the cascading cycle of non-payments throughout the energy supply chain. “As per our channel checks and various news reports, presidents of the different commercial banks attended a meeting in Islamabad yesterday (Thursday) to…

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Global LNG: Asian spot LNG price flat amid bearish Europe gas sentiment

Admin
LNG

SINGAPORE: Asian spot liquefied natural gas (LNG) prices were flat this week, holding at a ten-week low amid Europe’s bearish gas price sentiment, though some emerging spot demand has curbed losses. The average LNG price for April delivery into northeast Asia <LNG-AS> was at $13.50 per million British thermal units (mmBtu), industry sources estimated. Asian LNG prices are bearish, driven by anticipated declines in the Dutch Title Transfer Facility (TTF) benchmark in Europe and stable Pacific supply, said Kpler analyst Go Katayama. “Looking ahead, Asian LNG prices are expected to…

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Sindh CM urges universities, industrialists, investors to engage with Launchpad Pakistan to take advantage of its opportunities

Admin
New-Project

• Murad inaugurates FPCCI Launchpad Pakistan KARACHI (March 6): Sindh Chief Minister Syed Murad Ali Shah inaugurated the FPCCI Launchpad Pakistan, emphasising the essential role of youth entrepreneurship and innovation in shaping the country’s economic future. The event, organised by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), was attended by Governor Sindh M. Kamran Tissori, President FPCCI Mr Atif Ikram Sheikh, Senior Vice President Mr. Saquib Fayyaz, esteemed ambassadors, consuls general, commercial attachés, and representatives from both the public and private sectors. Senior Minister Information Sharjeel Memon,…

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Electricity prices slashed across Pakistan under monthly fuel charges adjustment

Admin
New-NEPRA

According to notifications, relief will be reflected in electricity bills for March Power tariffs for KE consumers will see drop of Rs3 per unit. For rest of country electricity prices lowered by Rs2.12 per unit. K-Electric gets cut under Dec FCA, while rest of country for Jan. ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity prices for consumers across the country under the monthly fuel charge adjustment (FCA), official notifications issued on Thursday stated.Power tariffs for K-Electric (KE) consumers will see a cut of…

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SSGC Board  approves JJVL plant resumption on SIFC directed terms

Admin
JJVL-SSGC

ISLAMABAD : The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGCL) has finally approved the revenue sharing formula between the gas utility company and Jamshoro Joint Venture Limited JJVL as per the directions of Special Investment Facilitation Council, (SIFC) sources told Newzshewz .The eleventh ECM previously directed for resumption of JJVL plant as per revenue sharing formula (to be used as benchmark) which was earlier endorsed by the Supreme Court of Pakistan (SCP) based on agreement between the parties.The SCP had approved interim revenue sharing of 57%…

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