Author: Admin

OCAC Warns New Levies Will Hike Furnace Oil Prices by 80%, Threaten Industry Viability

Admin
New-Oil1

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has raised alarm over new government-imposed levies on furnace oil, warning that the resulting price hike—exceeding 80%—could cripple key industries, independent power producers (IPPs), and the shipping sector. In a letter to the Special Investment Facilitation Council (SIFC), OCAC Chairman Adil Khattak strongly protested the imposition of a petroleum levy of Rs82,077 per metric ton and a Climate Support Levy of Rs2,665 per metric ton under the Finance Act 2025. These levies took effect from July 1, 2025. Khattak called the move “a…

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Senate Slams Power Division Over Loadshedding, Circular Debt, and IPP Contracts

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IPPs-Project

ISLAMABAD: The Senate Standing Committee on Power voiced strong criticism on Wednesday over ongoing power outages despite surplus electricity, the unchecked rise in circular debt, and the increasing financial burden on consumers. Chairing the meeting, Senator Mohsin Aziz expressed dismay at the absence of Power Minister Sardar Awais Leghari, who was expected to address critical issues—particularly the controversial contracts with independent power producers (IPPs), which Aziz labelled as unfair to the public. Senator Shibli Faraz accused the Power Division of inefficiency and blamed it for passing inflated project costs and…

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Oil Sector Warns Furnace Oil Levy Will Devastate Industry, Urges Govt to Withdraw

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Refineries-Urge

KARACHI: The oil industry has raised alarm over the imposition of a hefty petroleum levy (PL) of Rs82,077 per metric tonne on Furnace Oil (FO), effective July 1 under the Finance Act, warning of severe economic consequences. In a letter to the Special Investment Facilitation Council (SIFC), the Oil Companies Advisory Council (OCAC) expressed grave concerns about the PL, coupled with an existing Climate Support Levy (CSL) of Rs2,665 per metric tonne. The OCAC warned that the combined burden could lead to an 80% surge in FO prices, crippling domestic…

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Sindh Energy Holding Company Meets Revenue Target, Plans Expansion Amid Investment Surge

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New-Project4

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has announced that the Sindh Energy Holding Company Limited (SEHCL) has successfully achieved its revenue target of Rs113 million for the financial year 2024–25. Chairing a high-level meeting of SEHCL on Tuesday, the minister revealed that a higher revenue target of Rs266 million has been set for the fiscal year 2025–26. SEHCL’s Chief Operating Officer, Tufail Ahmed Khoso, informed the meeting that the company expects to maintain an annual profit of Rs250 million over the next four years, driven by strategic investments.…

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Turning Sunshine into Power: Rooftop Solar Revolution in Islamabad, Pakistan

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growatt-news

In Islamabad’s bustling neighborhoods, rooftops are no longer just shelters—they’re becoming power stations. As electricity prices soar and energy demand climbs, homeowners are turning to solar solutions to secure their futures. Two distinct residential projects in the capital illustrate how solar technology is reshaping lives, blending financial gains with environmental stewardship—with one standing out for Growatt’s home solar energy solution. A 15kW grid-tied solar project in DHA Islamabad’s upscale enclave redefines simplicity and performance with Growatt’s MOD 15KTL3-X inverter. This high-efficiency powerhouse combines user-friendly design with robust engineering. Its 98.6%…

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