The National Electric Power Regulatory Authority (NEPRA) is set to approve a 60% hike in the Fuel Cost Component (FCC) for bagasse-fired independent power producers (IPPs). This decision is expected to have significant implications for the power sector and consumers. Key Points: Possible Implications: Next Steps:
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Federal Minister for Petroleum Ali Pervaiz Malik was called on by H.E Nassar Abdulrahman J Almutairi, the Ambassador of the State of Kuwait to Pakistan at the Ministry of Petroleum in Islamabad. Ali Pervaiz Malik expressed gratitude for support of brotherly countries like Kuwait which has been pivotal for the structural reforms that Prime Minister Shehbaz Sharif has been successful to pull off. The Kuwaiti Ambassador commended Pakistan’s significant economic progress under the leadership of Prime Minister Shehbaz Sharif, particularly in stabilizing the economy and improving the investment climate. He…
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Prime Minister Shehbaz Sharif has announced that Rs 300 billion in oil savings will be allocated to Balochistan. This significant development aims to boost the province’s economic growth and development. Key Points: Possible Areas of Focus: This allocation demonstrates the government’s commitment to Balochistan’s development and its efforts to ensure equitable distribution of resources across provinces. Story by Zulfiqar Ahmed
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The industry has expressed strong support for the early approval of solar projects, emphasizing the need to expedite the process to boost the renewable energy sector. This move is seen as crucial for Pakistan’s transition towards sustainable energy solutions and reducing dependence on fossil fuels. Key Points: Benefits of Early Approval: Challenges and Opportunities: By expediting the approval process for solar projects, Pakistan can unlock the potential of renewable energy, drive economic growth, and move towards a more sustainable future.
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In a significant move aimed at alleviating the financial burden on households and industries, power consumers are expected to receive a substantial relief of Rs 515 billion in terms of electricity tariff reduction. According to sources, this decision is part of the government’s efforts to address the concerns of power consumers and provide relief to those affected by high electricity tariffs. The reduction in tariffs is expected to benefit millions of consumers across the country, particularly middle-class families and industries that have been struggling with high electricity costs. The relief…
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