Category: Recent Post

Sindh Industries and Commerce Minister Jam Ikramullah Dharejo has deplored the federal government’s decision to ban the supply of gas to Sindh’s industries and termed it a prejudiced move. “We strongly condemn the Centre’s biased attitude,” he said while speaking to the media in Hyderabad on Wednesday. He reiterated that Sindh accounts for 70 per cent of Pakistan’s total gas production from which industrial, commercial and domestic consumers are supplied gas across the country. But, he added, the province is not getting its due share of gas. He warned that…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday notified about 64 paisa per unit increase in electricity rates for ex-Wapda distribution companies (Discos) to generate about Rs4.4 billion additional revenue for the troubled power sector. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in February. This would be charged to consumers in the current billing month. The tariff increase will be applicable to all consumers except lifeline consumers ie 50 units per month. This FCA is also not applicable to K-Electric…

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The Economic Coordination Committee (ECC) of the cabinet on Wednesday put off a decision on payment of first installment out of Rs403 billion outstanding payments to independent power producers (IPPs) but approved about Rs457bn restructuring plan for Pakistan International Airlines (PIA) along with retrenchment of its 25 per cent workforce (about 3,500 staff) at a cost of Rs13bn. A meeting of the ECC presided over by Minister for Finance, Revenue, Industries and Production Hammad Azhar also approved absorption of staff of power generation companies (Gencos) that became surplus after closure…

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Pakistan has been taking strides to improve the RLNG spot purchase process, and the last tender saw significant changes towards the goal. The previous process was time and again blamed and criticized for being too cumbersome and rigid, with painstakingly long tender closure dates, and out-of-date pricing structure linked with crude oil prices. That has changed for the better, and the immediate impact is there for everyone to see. The latest LNG tender floated by the Pakistan LNG Limited saw much increased participation from bidders, with as much as 12…

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ISLAMABAD: Former managing director of PLL Adnan Gilani Tuesday said he was shocked to see the inquiry report of the Petroleum Ministry. Talking in Geo News programme “Aaj Shahzeb Khanzada Kay Saath”, Gilani said after joining he would review agreements and payments every two or three months in a bid to avoid mistakes. Gilani said he came to know in October-November 2018 that the port charges could have different interpretations. He said the issue was conveyed to the Pakistan State Oil (PSO) and a thorough investigation held. “The issue was…

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