Category: News & Announcement

While rebutting most of the claims of a nine-member committee’s 296-page report, Independent Power Producers (IPPs) asserted that the main reason for high power tariff in Pakistan is higher Transmission and Distribution (T&D) losses and taxation. Independent Power Producers Advisory Council (IPPAC) have sent consolidated reply of all its members to the concerned public sector stakeholders which is expected to come under discussion in the Private Power & Infrastructure Board (PPIB) and CPPA-G. The nine-member committee in its inquiry report held that under 1994 Power Policy, 16 out of 17…

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Oil prices jumped on Thursday, as signs the US crude glut was not growing as quickly as many had feared brought an upbeat close to one of the most volatile months for oil trading in history. Fuel demand worldwide slumped about 30% in April. Even after major oil producers led by Saudi Arabia agreed to slash production by nearly 10 million barrels per day (bpd), US crude futures closed on April 20 at a record low in negative territory. That collapse in US West Texas Intermediate (WTI) futures made traders…

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ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Thursday increased Liquefied Petroleum Gas (LPG) prices in the country for the month of May 2020, ARY NEWS reported. According to a notification issued today, the per kilogram prices of the LPG was raised by Rs 21.65 which would increase the price of LPG cylinder by Rs 255.51. The new rates for the 11.8 kilogram domestic cylinder were fixed at Rs 1322.90 for the month of May, raising it from Rs 1067.39. The announcement came soon after the federal government has made…

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Prime Minister Imran Khan has expressed the resolve to chalk out a comprehensive vision to improve living standard of common people and to bring people out of poverty. Addressing a ceremony in Islamabad on Thursday, he said self-belief is panacea for development, progress, and self-reliance. He said we have to go towards knowledge economy, education, science and technology to get a dignified place among comity of nations. The Prime Minister said COVID-19 crisis provided an opportunity to produce locally manufactured ventilators and other protective equipment as everything cannot be imported.…

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KARACHI: In the light of current Covid-19 crisis and the resulting unprecedented situation, K-Electric, on the request of industrial consumers, extended relief to the industrial sector by deferring the collection of Industrial Support Package (ISPA) arrears till April 30. The power utility said, in line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-Dec 2019 were applicable in March 2020. In a statement KE said in continuation of this relief, KE without prejudice to its rights, further offers the option of instalments for ISPA…

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