Category: Recent Post

Nepra (National Electric Power Regulatory Authority) has just released its State of Industry Report for 2020-21. This is a report of outstanding quality which has been produced annually since 2006. It contains in a very detailed manner all the key facts on the power sector and their analysis. Hopefully, one day reports of similar quality will be prepared by other regulatory agencies like Ogra (Oil and Gas Regulatory Authority), SECP (Securities and Exchange Commission of Pakistan) and CCP (Competition Commission of Pakistan) and released in time like the Nepra. Given…

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Amid an unprecedented rise in the price of LPG cylinder of 11.8 kg that currently stands at Rs2,436 as per Ogra’s latest notification, which may further rise during the forthcoming winter season on account of increasing demand and supply gap, the Petroleum Division has geared up its endeavours to revive the Jamshoro Joint Venture Limited LPG and NGL extraction plant. This will not only scale down the LPG prices but also reduce reliance on imports. The 11.8 kg cylinder is being sold in the market for Rs2,500 — the price…

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Many companies from the Netherlands are eyeing investment in the projects of solid waste energy in Pakistan, said Ambassador of Netherlands to Pakistan Wouter Plomp. In a meeting with Federal Minister for Energy Muhammad Hammad Azhar, the envoy said that Dutch companies had expertise in effectively using domestic and agricultural waste to produce cheaper electricity. During the meeting, the federal minister highlighted the initiatives of the government to enhance the share of renewable energy in Pakistan, which had been targeted at 45% by 2030, said a press release. “Pakistan is…

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Sui Northern Gas Pipelines Ltd (SNGPL) posted earnings of Rs8.9 billion in the first nine months of 2020-21, up 54.7 per cent from a year ago, according to a notice on the Pakistan Stock Exchange (PSX) on Monday. In addition to the simultaneous release of the financial results for October-December 2020 and January-March, the gas distribution company also announced an interim cash dividend of Rs2 per share. Its net profit was Rs2.7bn and Rs3bn for the two quarters, respectively. In the nine-month period, SNGPL’s sales declined 12pc year-on-year despite a…

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Japan’s parliament elected Fumio Kishida to serve as the country’s Prime minister. The new prime minister is scheduled to dissolve parliament next week and call for elections on October 31. The Japanese parliament announced the selection of Fumio Kishida as the new head of the Japanese government, after the entire previous government, led by Prime Minister Yoshihide Suga, resigned. Fumio Kishida was officially elected Japan’s prime minister on Monday after winning the majority of votes in both houses of parliament. Fumio Kishida, who served as foreign minister from 2012-2017 in…

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