Category: Highlights

PM Shehbaz Sharif’s Visit to China Expected to Strengthen Economic Ties

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Shehbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif is set to visit China on Tuesday, aiming to enhance economic and trade relations between the two nations. Invited by President Xi Jinping and Premier Li Qiang, the visit is anticipated to foster collaboration in the energy and IT sectors through various memorandums of understanding (MoUs) and agreements. During his visit, PM Sharif will engage with corporate executives from leading Chinese companies in the fuel and energy sectors, and address the Pakistan-China Business Forum. He will also meet entrepreneurs and investors from both countries to…

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Global gas market to grow 50% amid energy transformation

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As those trends ripple through the industry, growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research. The industry had 73 major projects under development worldwide last year, 30% more than at the beginning of the decade but still 32% below the level in 2014, according to Top Projects, GS Research’s 21st annual analysis of the energy sector. Underscoring this shift, Goldman Sachs Research projects the global gas market will grow 50% during the next five years.

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Nepra Approves Rs46.6 Billion Additional Financial Burden on Consumers ISLAMABAD:

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NEPRA

The National Electric Power Regulatory Authority (Nepra) has approved an additional financial burden of Rs46.613 billion on consumers of distribution companies (Discos) and K-Electric (KE) under the Quarterly Tariff Adjustment (QTA) for the third quarter (January-March) of the current fiscal year. Of the total approved adjustment, Rs28.515 billion is attributed to capacity charges. An additional Rs10.284 billion will be recovered due to the lower Fuel Cost Adjustment (FCA) impact of Transmission and Distribution (T&D) losses, Rs5.309 billion for Operations and Maintenance (O&M), and Rs2.541 billion for Use of System Charges.…

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Nepra Supports Over Rs60 Billion KE Write-Offs ISLAMABAD:

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NEPRA-KE

Chairman of the National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar, has expressed support for over Rs60 billion in write-offs for K-Electric (KE). During a meeting at the Special Investment Facilitation Council (SIFC) aimed at resolving KE’s longstanding issues, Mukhtar noted that losses for government-owned distribution companies (Discos) are typically absorbed into the circular debt or recovered through consumer surcharges. KE’s CEO, Syed Moonis Abdullah Alvi, outlined that extensive deliberations involving key stakeholders led to the Economic Coordination Committee (ECC) of the Cabinet approving several agreements to settle disputes between…

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Latest Petrol Prices in Pakistan from 1 June 2024

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Petroleum-prices

The federal government on Friday reduced the petrol price by Rs4.74, taking the new rate to Rs268.36 per litre and The price of high-speed diesel (HSD) has also been slashed by Rs3.86 per litre to Rs270.22. According to the notification, the petrol price has been reduced by Rs. 15.40 per litre, while the price of high-speed diesel (HSD) has been slashed by Rs. 7.90 per litre. This brings the new price of petrol to Rs. 257.70 per litre, while high-speed diesel (HSD) will now cost Rs. 266.18 per litre. Petrol Prices…

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