Category: Highlights

Federal Minister for Energy Hammad Azhar said on Friday that he was hopeful that the gas shortage issue would be resolved, admitting that the government could not provide the fuel source through expensive imports beyond a limit. Pakistan has been facing severe shortage of gas this winter, forcing residents to buy cylinders to keep at their homes. Sui Southern Gas Company Limited (SSGC) has said that it currently faces shortage of around 250 to 260 mmcfd, with demand in winter rising to 1,250 mmcfd. Azhar said that the system has…

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The K-Electric, the sole power utility in Karachi, on Thursday submitted a request to the National Electric Power Regulatory Authority (Nepra) seeking a hike of Rs5.50 in tariff under fuel adjustment charges. According to the request, the power utility has requested an increase of Rs5.18 for July to September 2021, and rupee 0.32 for November. The national power regulator will take up the KE’s plea for a hearing on Jan 3, 2022. Under the tariff mechanism, changes in fuel cost are passed on to consumers only on monthly basis through…

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The All Pakistan CNG Association (APCNGA) started a nationwide protest on Wednesday against the illegal gas supply cut off to the CNG sector. According to a statement, a protest and sit-in was held outside the office of Sui Southern by the APCNGA and Sindh CNG Association, after which the protest will be extended to Punjab, it added. APCNGA group leader Ghiyas Abdullah Paracha said that some elements are giving wrong information to the Federal Cabinet resulting in erroneous decisions, putting hundreds of thousands of jobs and investments worth billions at…

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The record production over the last 2.5 years has resulted in the generation of over 10,000GWhs of electricity, contributing to the national grid. Besides, the company’s record production of coal and generation of electricity using Thar’s local reserves has benefitted the national economy by saving $210 million through import substitution during the same period. SECMC has maintained a stellar safety record; following international and world-class benchmarks, a feat that has earned international acknowledgements from organisations such as British Safety Council. The company has also adopted the United Nation’s Sustainable Development…

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To appreciate the significance of a nuclear deal revival for Iran, one need only cast a cursory glance at the grave economic, foreign-policy, security, and environmental crises plaguing the country today. Without a functioning deal that keeps U.S. sanctions lifted, if only for a few years, no Iranian government can hope to adequately respond to most—if not all—of these challenges. Consider first Iranian President Ebrahim Raisi’s ambitious economic promises. They include constructing 1 million housing units per year; taming runaway inflation, which he has described as his government’s “redline”; resolving…

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