Category: Highlights

Energy Ministry Pushes for Deregulation Framework for Fuel Prices

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Fuel-Prices

ISLAMABAD: The Ministry of Energy has directed the Oil and Gas Regulatory Authority (Ogra) to finalize the framework for transferring the responsibility of setting petroleum prices to the oil industry. In a letter issued on Wednesday, the ministry instructed Ogra Chairman to convene a meeting today (Thursday) to discuss the analysis, implications, and strategies for deregulating petroleum products. This move follows Prime Minister Shehbaz Sharif’s directive to delegate pricing responsibilities to oil marketing companies (OMCs). However, the two main stakeholders—OMCs and dealers—have not been invited to the meeting. Currently, four…

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Pakistan and Turkmenistan for expediting TAPI pipeline project: resolved for continuous engagement

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TAPI-pipeline-project

Federal Minister for Petroleum Dr Musadik Malik held a meeting with the Deputy Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Mr. Rashid Meredov who is on a two day visit to Pakistan accompanied by Turkmen delegation including Mr.Ata Haljanov, head of International economic cooperation division, Ministry of Foreign Affairs of Turkmenistan.

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Resolution submitted to Sindh Assembly says payments to IPPs threaten Pakistan’s survival

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IPPS-THREATEN

The Muttahida Quami Movement Pakistan has submitted a resolution to the Sindh Assembly calling upon the federal government to review its agreements with independent power producers (IPPs).
The resolution in question was submitted to the secretariat of the Sindh Assembly by the Leader of Opposition in the Sindh Assembly, Ali Khursheedi and MPA of MQM Pakistan, Najam Mirza on Wednesday.

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Sharif Orders Comprehensive Plan for Low-Cost Electricity for Industry

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Sharif-Orders

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Ministry of Power to develop a comprehensive plan to reduce electricity costs for industries, aiming to boost the country’s exports. During a meeting of the National Export Development Board (NEDB) on Tuesday, the Prime Minister noted that domestic exports exceeded USD 30 billion last fiscal year, with IT exports surpassing USD 3.2 billion. He emphasized the need to address exporters’ issues promptly and requested a report within two weeks. He also announced his intention to chair NEDB meetings every one and a…

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Electricity Rates Surge by Rs22.53 per Unit in Two Years

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electricity-tariffs

ISLAMABAD: Over the past two years, Pakistan has experienced an unprecedented rise in basic electricity tariffs, amounting to Rs25.76 per unit, as per official sources. This increase includes a fixed surcharge of Rs3.23 per unit, significantly raising costs for all consumer categories. From July to October 2022, the basic tariff rose by Rs7.91 per unit, followed by an additional Rs7.50 hike in July 2023. A fixed surcharge of Rs3.23 per unit was also imposed in July 2023, with another basic tariff increase of Rs7.12 in July 2024. Consequently, the basic…

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