Category: Recent Post

KARACHI: Chairman of the committee probing Independent power producers (IPPs) case, Muhammad Ali, on Monday said that successful negotiations between IPPs and the federal government would bring a halt to rising circular debt, ARY NEWS reported. Speaking during ARY NEWS programme, Power Play, he said that the IPP probe committee covered the entire power sector and pointed out excessive payments to the power plants in the name of fuel and maintenance. “Both government and IPPs have agreed upon resolving the issues with negotiations,” he said adding that committee probing the IPPs’…

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The federal government, upset about the failure of different ministries and divisions to appoint heads of state-run enterprises, has decided to conduct a study to unearth the stumbling blocks and streamline the recruitment process. According to a report shared by the Establishment Division with the Cabinet Committee on Institutional Reforms, 96 posts of heads of public sector companies had been lying vacant under 26 ministries and divisions. The cabinet body, in a recent meeting, expressed concern, saying that such a large number of vacant posts could not be overlooked. It…

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August 31, 2020: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs 200 million on K-Electric for excessive load-shedding in Karachi. “The NEPRA Authority has imposed a fine of PKR. 200 million on K-Electric for carrying-out excessive load-shedding in Karachi during the months of June and July, 2020 and violating NEPRA Act, terms and conditions of its license(s) and directions given by the Authority in its multi-year tariff,” said a press release issued here Monday.

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Prime Minister Imran Khan has said removing hurdles to business activities and providing a conducive environment to the business community is among the top priorities of his government. “The federal government announced to give concessions to the construction sector [in the wake of coronavirus pandemic] so that the construction sector and other businesses associated with it may thrive,” Imran said on Monday while speaking to a delegation of the American Business Council. Adviser to the PM on Finance Dr Abdul Hafeez Shaikh, Adviser to the PM on Commerce Abdul Razak…

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Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy, as Mexican President Andrés Manuel López Obrador continues to bet on oil exploration and a new domestic refinery to make the country energy independent and reverse the years-long decline in oil output, Reuters reported, citing government and company sources. López Obrador, a leftist populist, came to power with the promise to increase state support for Pemex and make the state-run major the pillar of a turnaround for the country’s declining oil production. Petróleos…

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