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The Senate Standing Committee on Power chairman has said that the Sindh police and politicians are involved in electricity theft and employees of power distribution companies are complicit in this activity. “Electricity theft is taking place in colonies and offices of Sindh police,” said Senator Saifullah Abro, who chaired the committee meeting. He said that in Sindh politicians were running 50 air conditioners in their homes and the employees of power distribution companies were their accomplices in the theft. The committee meeting commenced with an overview of all policies related…

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The National Electric Power Regulatory Authority (Nepra) on Wednesday finalised about 21 paisa per unit reduction in electricity rates for ex-Wapda distribution companies (Discos) for a month under the monthly fuel cost adjustment (FCA). At a public hearing presided over by Nepra chairman Tauseef H. Farooqui, the regulator did not agree immediately to a Rs13.4bn worth of three year-old adjustments on the basis of which the Discos had demanded about 80 paisa per unit increase in monthly FCA. The lower fuel cost, on formal notification by the regulator, would be…

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The PLL issued a tender for the supply of eight cargoes for September and October, 2021. The lowest offers ranged from $13.78/mmbtu to $16/mmbtu. Gunvor Singapore offered $15.6/mmbtu for two cargoes to be delivered on September 6 to 7 and September 10 to 11, 2021. QP Trading offered $13.78/mmbtu for the delivery on September 16 to 17, and $13.98/mmbtu for deliveries scheduled on September 30, October 11 to 12 and October 26 to 27, 2021. The Total Gas and Power offered $14.67/mmbtu for the delivery on September 26 to 27,…

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The country’s flagship project, Pakistan Stream Gas Pipeline (PSGP), will be financed through the Gas Infrastructure Development Cess (GIDC), an official said on Monday. During a meeting of the Senate Standing Committee on Petroleum, held under the chairmanship of Senator Muhammad Abdul Qadir, Petroleum Division secretary Dr Arshad Mahmood said that this joint venture between Russia and Pakistan is the country’s most strategic project. The Ministry of Finance had already collected Rs321 billion under the head of the Gas Infrastructure Development Cess Act. The senior officials had already assured them…

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The government has made electricity 7.5 percent more expensive for domestic non-filer consumers whose monthly consumption is over Rs 25,000 per month. Lahore Electric Supply Company (Lesco), on its website, has intimated its consumers about the new tax (withholding tax) to be charged from July 1, 2021. “Dear customers! Government of Pakistan has imposed 7.5 percent tax on electricity bills of over Rs 25,000 monthly. If you are a filer, immediately send your reference number along with identity card number on 8118, so that you can be exempted from this…

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