Category: Recent Post

The federal government has released Rs 476.618 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. The released funds include Rs300.06 billion for federal ministries, Rs135.64 billion for corporations, Rs39.7 billion for special areas, and Rs1.2 billion for the Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to the latest data released by the Ministry of Planning, Development and Reform. Similarly, Rs98.082 billion out of PSDP allocation of Rs118.67 billion has been released for the National Highway Authority, Rs37.56 billion…

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KARACHI: Shell V-Power is the premium fuel offered by Shell Pakistan, it comes with technology that reduces engine dirt and friction. With over 100 years of experience in fuels research and development, Shell’s scientists are behind the creation of Shell V-Power with Dynaflex Technology. Shell V-Power has a formulation that has powerful cleaning agents to prevent engine dirt. The fuel is especially designed to help reduce wasted energy through its friction reducing molecules. The fuel was introduced in the Pakistani market in 2016, and this year marks its 5th anniversary…

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ISLAMABAD: At a time when the government is looking to end monopoly of state-run companies in the liquefied natural gas (LNG) market by allowing private sector to import LNG, Pakistan LNG Limited (PLL) has come up with a proposal for increase in its margins – a move which will put more burden on consumers. PLL is importing two contract cargoes of LNG every month. At the same time, it is importing a few spot cargoes, forcing consumers to utilise gas at higher prices. Owing to inefficiency and poor management of LNG imports,…

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ISLAMABAD: The Federal Government is unlikely to appoint an expatriate Pakistani as Managing Director of National Transmission and Despatch Company (NTDC) against a salary of $ 15,000 (Rs 2.4 million) per month which, according to Board Negotiation Committee is too high compared to market trends, sources close to Power Minister told Business Recorder. Sharing the details, sources said, Board of Directors National Transmission & Despatch Company (NTDCL) initiated the recruitment process for the post of Managing Director NTDCL as per the Companies Act 2017, the Public Sector Companies (Corporate Governance)…

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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) led by its Chairman Tauseef H Farooqi on Monday visited the Karachi Electric (KE) head office and its under-construction 900MW BQPS-III, a statement said on Monday. Farooqi was briefed about the comprehensive plan regarding generation, transmission, and distribution plan submitted by KE on account of the authority’s directives given vide order dated August 27, 2020, it added. The authority gave clear directives to complete installation/completion of the BQPS-III in time to avoid load-shedding in the upcoming summer season. In line with the…

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