Category: Recent Post

K-Electric (KE), Karachi’s electricity provider and Easypaisa, Pakistan’s leading provider of digital financial services have partnered together to extend a convenient and hassle-free bill payment solution for the power utility’s customers. The partnership with Easypaisa offers 5% cashback (up to PKR 100) to new Easypaisa customers on their first KE bill payment. Through this partnership, KE is encouraging customers to use digital modes of payments from the comfort of their homes. Furthermore, Easypaisa’s extensive agent network of 170,000 + registered agents spread across the country will also facilitate customers, especially…

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Inefficiency and mismanagement in the liquefied natural gas (LNG) business has burdened Pakistani consumers, who are forced to pay an extra billions of rupees. In a recent deal, Pakistan LNG Limited (PLL) put an additional burden of around Rs30 billion by rejecting an offer of the Azerbaijan state firm, Socar, and from one of the Gulf-based producers that were submitted earlier this year. PLL recently floated bids for nine LNG cargoes at the highest price of over $10 per mmbtu, which accounts for 16-17% of Brent crude. Moreover, it refused…

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The Cabinet Committee on Energy (CCOE) is likely to approve a plan to free liquefied natural gas (LNG)-based power plants from the economic merit order in a bid to ease pressure on a gas utility’s pipeline network, but the move will put an additional burden on gas consumers. The CCOE has already exempted the LNG-based power plants from 66% guaranteed off take of LNG, triggering financial trouble for gas utility Sui Northern Gas Pipelines Limited (SNGPL) and the power plants. As the power sector is not willing to take LNG…

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 Islamabad: Byco Petroleum Pakistan Limited is set to buy Puma Energy, an oil marketing company, to expand its retail outlets’ operations. It has also made a turnaround and has ambitious plans to set up upgradation plants, but it also focuses on enhancing its retail outlet to capture market share. Byco Petroleum has also turned into an impressive Net Profit of Rs. 2.17 Billion during the first nine months of the ongoing financial year. It has displayed strong growth by jumping up 4.5 times a year yearly to Rs 5.47 billion for nine months of…

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Whatever the real reasons for the nationwide power distribution/generation bottlenecks and however much the shortfall, it is the duty of the government of the day to answer for them as well as to address them. Yet the way in which Minister for Energy Hammad Azhar deflected criticism in the House, even from Pakistan Tehreek-e-Insaf’s (PTI’s) own MNAs, inspired little confidence and showed that the ruling party’s game plan still doesn’t extend beyond blaming opposition parties, especially the last two to form governments in the centre, for just about everything that…

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