Category: Highlights

ISLAMABAD: Following in the footsteps of power companies, the National Electric Power Regulatory Authority (Nepra) has decided in principle to increase by at least 100 per cent its annual and one-time registration fee for all its licensees like those dealing in generation, distribution, transmission, trading, operators and suppliers. At the same time, Nepra is also seeking the imposition of an annual fee on a class of upcoming electricity traders based on per megawatt forecasted energy trade as the Competitive Trading Bilateral Contracts Market (CTBCM) becomes functional shortly. The prevailing fee…

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ISLAMABAD: Amid controversy over the extension of a 20MW hydropower project to 40MW, the Centre is facilitating the Gilgit-Baltistan administration to set up an energy regulatory authority and an energy development organisation for exploitation of hydropower potential in the region. Informed sources told Dawn that a recent meeting of the Central Development Working Party (CDWP) deferred the approval of the 40MW Hydropower Project Hanzel in Gilgit due to controversy over the increase in project capacity without prior approval from the relevant forums. The project cost has increased from Rs12.1 billion in May 2021 to…

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By Rafiq Vayani DUBAI/KARACHI: In an inspiring keynote address at the IBA Leaders Connect event, Mr. Hussain Dawood – Chairman, Engro Corporation and Dawood Hercules Corporation, emphasized the importance of human development based on the values of Character and Good Manners (CGM). “We’re Pakistanis, and we’re going to fight for our country. And the way to do it, in spite of all the challenges we have, is to concentrate on the concept of human development. Human development is not just external competencies. Human development includes CGM,” he stressed. Mr. Hussain…

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Shazia Syed, the former CEO of Unilever Pakistan, has been named in a Forbes list again — this time for the 100 Most Powerful Businesswomen 2024. She, who is currently the general manager for Unilever’s operations in North Africa, Iraq, Levant, and Arabia, had previously been recognised as one of the top executives in the Middle East in 2023. Emerging from Abbottabad, Syed embarked on her professional journey as a Management Trainee at Unilever Pakistan, swiftly climbing the corporate ladder and slipping into leadership roles across Pakistan and Unilever’s global spectrum in Marketing, Sales,…

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ISLAMABAD: The Finance Division has allowed Power Division to draw Rs4 billion from Pakistan Energy Revolving Account (PERA) for onward exclusive payment to Independent Power Producers (IPPs) established under China Pakistan Economic Corridor (CPEC) for the month of January 2024, well informed sources told Business Recorder. Power Division, sources said, sent an Office Memorandum (OM) to Finance Division on February 7, 2024, seeking permission to draw amount from PERA in accordance with the decision of Economic Coordination Committee (ECC) of the Cabinet on October 31, 2022. Finance Division also asked Power…

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