Category: Highlights

Pakistan loses $4bn annually due to climate change, says TIP report

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Climate-Talks

Pakistan loses $4bn annually due to climate change, says TIP report ISLAMABAD: Pakistan annually loses $4 billion due to climate change-induced events, says a report released by Transparency International Pakistan (TIP). The TIP on Thursday released its report “Financing Climate Action: Enhancing Effectiveness and Transparency in Pakistan’s Climate Governance Frameworks”. According to a TIP press release, the report is an assessment of existing frameworks driving climate governance in Pakistan with an aim to identify areas of improvement and implementation gaps, specifically focusing on transparency, inclusiveness and effectiveness of the country’s…

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Eyebrows raised over massive tariff hike sought by gas firms

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Gas-tariff

Officials termed the projections in the petitions as highly exaggerated that need to be rationalized ISLAMABAD: The new government functionaries have raised eyebrows over petitions of gas companies submitted to Ogra, seeking up to 380 percent hike in gas tariff for the next financial year 2024-25 applicable from July 1, 2024. Officials termed the projections in the petitions as highly exaggerated that need to be rationalized. According to well-placed official sources in the Energy Ministry, Sui Southern has asked for an increase in gas price by Rs274.4 per MMBTU, but…

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Solis Embarks on a Sustainable Venture with AE Power with 300MW Distribution Deal to Transform Pakistan’s Energy Sector

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Solis-mou

In an innovative endeavor to reshape the energy sector, Solis, the world’s third-largest PV inverter manufacturer, has entered into a pioneering partnership with AE Power, showcasing a significant inverter distribution agreement that promises to invigorate the shift towards renewable energy in Pakistan. Valued at an impressive 300MW and spanning from 2024 to 2025, this alliance marks a key milestone in the adoption of environmentally friendly power sources within the region. This initiative is more than a mere business venture; it is a reflection of Solis’s unwavering commitment to technological advancement…

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OGRA DETERMINES RLNG PRICE

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OGRA

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the Regasified Liquified Natural Gas (RLNG) prices for sui companies with effective from March 1st, 2024 as under: The increase in RLNG prices is due to increase due to increase in the cost of supply.  The RLNG price notification for the month of March, 2024 is readily available at OGRA website www.ogra.org.pk. (Imran Ghaznavi) Spokesperson Islamabad, March 20, 2024: The Oil and Gas Regulatory Authority (OGRA), in accordance with the…

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Unequal Taxation Hits Electricity Consumers in Pakistan

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power-e-unit

Islamabad (Tanveer Hashmi): The revelation of unequal and unfair taxation on electricity consumers in electricity bills has come to light. Electricity duty is imposed on consumers in electricity bills without any legal basis, as revealed in the inquiry by federal tax authorities. It has been found that consumers, especially low-income individuals, are bearing the burden of income tax and sales tax on their electricity bills, despite their income being below the taxable income threshold. Regardless of consumers’ income levels, the uniform imposition of electricity duty (ED) places a significant financial…

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