Category: Highlights

rime Minister (PM) Imran Khan has rejected a summary of the Oil and Gas Regulatory Authority (OGRA) for increasing petroleum prices from about Rs6 to Rs7 per litre. The news was announced by Special Assistant to the Prime Minister (SAPM) on Political Communication, Dr Shahbaz Gill, in a tweet uploaded on Sunday. “OGRA proposed to increase the price of petroleum products from about Rs6-7 per litre. Prime Minister Imran Khan did not accept this proposal. There has been no increase in the prices of petroleum products. Despite the continuous rise…

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From the first tracks laid in 1879 at Gyzylarbat, northwest of the capital of modern-day Turkmenistan, locomotive transport has always been central to Central Asia due to the region’s distance from the open sea. Although first set down amid the expansion of the Russian Empire, today, railways have a central role in the economic planning of the Central Asian states, especially in Kyrgyzstan and double-landlocked Uzbekistan. Afghanistan Expansion In Tashkent on February 2, Pakistan, Uzbekistan, and Afghanistan agreed to a roadmap for the building of a 573-kilometer route from Mazar-e-Sharif…

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In China’s debt-trap diplomacy, Pakistan is struggling to repay loans for power projects under President Xi Jinping’s Belt and Road Initiative (BRI) and seeks to reschedule as much as USD 22 billion in outstanding credits. In recent years, Chinese loans have fueled a massive buildout of Pakistan’s power generation, financing that has turned a perennial electricity shortfall into a now-massive capacity surplus that the highly indebted nation can increasingly ill-afford, Asia Times reported. In those debt-rescheduling talks, Pakistani officials are also reportedly asking their Chinese counterparts to decelerate agreed plans…

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ISLAMABAD: The Natio­nal Electric Power Regula­tory Authority (Nepra) on Wednesday slightly reduced the rate of return on equity (ROE) from 15 to 14.5pc for three old nuclear power plants of 930MW. This would provide a saving of Rs2.05bn per annum or about 25 paisa per unit for remaining 25-37 year life of these projects, the re­­gulator said in a statement. The management of three nuclear power plants loca­ted at Chashma (C-2, C-3 and C-4) had filed the tariff petitions under Aug 27, 2020 decisions of the Cabinet Committee on Energy…

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Karachi (UrduPoint / Pakistan Point News – 24th Feb, 2021) Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said circular debt is increasing despite a hefty hike of 15 percent in the power tariff. He said that remittances are increasing while Foreign Direct Investment is sliding at a rapid pace which should be noted.Mian Zahid Hussain said that according to a study the circular debt increase by Rs436 billion to hit…

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