Category: Highlights

KCCI slams NEPRA’s decision to allow Rs7.052 per kWh adjustment in fuel charges for Jan

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KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has strongly condemned NEPRA’s decision to allow an increase of Rs7.0562 per kWh as adjustment in fuel charges component for the month of January 2024 which was totally unacceptable as it would not only raise the cost of doing business but also intensify hardships for common man who was trying really hard to somehow meet both ends in the ongoing era of inflation.In a statement issued, President KCCI stated that it was highly unfair to allow an additional…

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Government to Increase Petroleum Prices Amid Power Tariff Surge

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Petrol-price

In response to a recent surge in power tariffs, the federal government of Pakistan is poised to raise petroleum prices, effective from February 29. Sources indicate that preparations have been finalized for the implementation of these price adjustments. It is anticipated that petrol prices will climb by Rs4.50 per liter, while diesel may witness a Rs2.50 increase. Additionally, Kerosene oil prices could rise by Rs2.92 per liter, while prices for light diesel oil are expected to remain unchanged. The current price of crude oil in the Brent oil market stands…

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Trina Solar Sees Growing Market for Solar in Pakistan

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Trina-Solar2

(Lahore, Pakistan) Monday, 26 February, 2024 – Pakistan’s increasing demand for solar energy is on the rise as both residences and businesses increasingly recognize solar power as a reliable and cost-efficient source of electricity. According to Bloomberg New Energy Finance (BloombergNEF), Pakistan imported USD$1.11 billion worth of solar products from January to September 2023, equivalent to an estimated 4GW of modules. This coincides with the Private Power and Infrastructure Board (PPIB) releasing framework guidelines in September 2023 to expedite power purchase agreements for solar projects and integrate solar onto public…

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Energy Prices Must Be Rationalized for Trade & Industry to SurviveSMEs Definition Should Be Enhanced to 800 Million- FPCCI

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fpcci

Karachi: Saquib Fayyaz Magoon, Acting President FPCCI, has echoed the collective concerns of the entire business, industry and trade community of Pakistan that electricity and gas prices must be rationalized with immediate effect in accordance with ground realities in a way that businesses can continue to operate profitably and sustainably. It was pertinent to note that he was delivering his keynote address as chief guest at the historic All Pakistan Chambers Conference (APCC) 2024 at Rahim Yar Khan Chamber of Commerce & Industry (RYK-CCI) – the capstone event of the…

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RISING GAS & ELECTRICITY TARIFFSDay not far when thousands to come out on streets across Pakistan, fears President KCCI

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Gas-Project

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep concerns over rising cost of doing business due to unbearable hike in energy tariffs, feared that the day was not far when thousands of jobless people would come out on streets to protest against the government’s policy to keep on raising gas and electricity tariffs which have resulted in closure of hundreds of industrial units as well as small & medium enterprises not only in Karachi but all around the country.“Although various stakeholders including KCCI…

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