Category: Recent Post

Energy Minister Hammad Azhar said on Monday the “expensive agreements and the installation of unnecessary power houses” during the Pakistan Muslim League-Nawaz (PML-N) government from 2013 to 2018 ruined the energy sector. The minister said in a video statement the rent of the expensive powerhouses, installed by the past government, increased by Rs100-300 billion annually, and ultimately the consumers had to bear its burden. He said that the Pakistan Tehreek-i-Insaf (PTI) government would keep on reminding the PML-N of the mistakes it committed during its last tenure in the government.…

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Federal Information Minister Fawad Chaudhry in a recent presser hinted at deregulation of gas sector. This regime is showing intention to reduce its footprint in gas sector since the start. Nothing of the sort has been implemented to-date. Although there are developments on private sector lead terminals, the government is yet to cover the last mile. It cannot afford to replace the depleting domestic gas with expensive imported RLNG without correcting pricing. For the past many decades, domestic hydrocarbon energy production largely relied on gas. The country got a lucky…

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Attention of Authorized Dealers is drawn towards Para 27 of Chapter 14 of Foreign Exchange Manual in terms of which SBP notified the process of remittance for Petroleum Sector. 2. Based on representations received from various stakeholders, it has been decided to amend Para 27 of Chapter 14, as under: “27. Remittance for Petroleum Sector Operating under Petroleum Concession Agreement(s):Authorized Dealers are allowed to effect remittances, on account of purchase of Oil and Gas from Oil & Gas Exploration and Production (E&P) Companies operating in Pakistan under Petroleum Concession Agreements.…

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Electricity is the wheel that drives all facets of our daily lives such as production, consumption, communication, transportation and routine financial transactions. Despite its key role in powering the national economy, Pakistan’s electricity sector continues its struggle with significant challenges. Whether these manifest as costly energy production, overloaded infrastructure, high transmission and distribution losses, extraordinary load shedding, or mounting circular debt, they are all evidence of a bad equilibrium that entails unreliable and poor quality of electricity provision. Despite the attention given to this sector by every government, why have…

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The National Transmission and Dispatch Company Limited (NTDC) is expanding its infrastructure by constructing transmission lines and grid stations to meet the growing demand of electricity across the country expeditiously. In order to check the progress of the 500 kV substation Faisalabad West and 220 kV Lalian grid station, the Managing Director NTDC Engr. Manzoor Ahmad visited both sites of grid stations today. During the visit MD NTDC was apprised that overall 80 percent construction work of the 500 kV Faisalabad West Grid Station and around 60 percent work on…

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