Author: Admin

Nepra Raises Questions Over Rs9.40/Unit Tariff Sought for Suki Kinari Hydropower Project

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised more than a dozen questions over a proposed tariff modification for the 884-MW Suki Kinari Hydropower Project, with the project company seeking to increase its levelised tariff from Rs9.04 to Rs9.40 per unit, an increase of around 4 per cent. According to documents, a significant portion of the proposed increase is linked to a sharp rise in the Water Use Charge (WUC), which the project company has proposed increasing from Re0.15 to Re0.425 per kWh — an increase of approximately…

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Refinery Upgrade Agreement Finalised, Sent to ECC for Approval

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Refineries-Face

ISLAMABAD: The Petroleum Division has finalised the plant upgrade agreement for Pakistan’s existing refineries and submitted it to the Economic Coordination Committee (ECC) for approval, paving the way for implementation of the amended Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023. The agreement was finalised after consultations among the Petroleum Division, Law and Justice Division, Oil and Gas Regulatory Authority (Ogra), Special Investment Facilitation Council (SIFC), Finance Division, Inter State Gas Systems (ISGS), refineries and other stakeholders. The Petroleum Division has sought the ECC’s approval to operationalise the…

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Business Community Urges Govt to Replace Daily Fuel Pricing with 15-Day Cycle

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KARACHI: The business community has urged the government to review the existing tax and levy structure on petroleum products and reconsider its policy of revising fuel prices on a daily basis, saying frequent price changes are making it increasingly difficult for businesses to determine production costs and plan commercial activities. Korangi Association of Trade and Industry (KATI) President Muhammad Ikram Rajput said frequent increases in petroleum prices were creating significant difficulties for industry and adding to economic uncertainty rather than promoting stability. He noted that petrol and diesel prices had…

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Qatari LNG Cargo Arrives at Port Qasim, Easing Pakistan’s Supply Concerns

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New-LNG

KARACHI: A vessel carrying around 82,000 tonnes of liquefied natural gas (LNG) from Qatar has arrived in Pakistan after transiting the Strait of Hormuz, marking the first Qatari LNG shipment to reach the country through the strategic waterway since July. The vessel Al Marrouna, carrying LNG from Qatar’s Ras Laffan terminal, passed through the Strait of Hormuz on Monday and docked at the Engro LNG Terminal at Port Qasim on Thursday morning, according to Asad Altaf, a spokesman for the port. The arrival marks the first Qatar-origin LNG cargo for…

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New provinces not only way to improve governance: Gohar

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PESHAWAR: Calling for caution in decisions regarding the creation of new provinces, PTI Interim Chairman Barri­ster Gohar Ali Khan on Wednesday war­ned that any step taken in haste and without consensus could harm the federation. “Good governance is needed in every province. But the creation of new provinces is not the only solution to improve governance, there are other ways, too. It should not be done in haste, and without consensus. It’s very good to have a discussion on this issue,” he said, while speaking to the media at the Peshawar…

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