Category: Shortcode

Sindh Budget 2024-25: Murad Unveils Rs959bn ADP with a Focus on Energy and Infrastructure

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budget-2425

KARACHI: The Sindh government has announced a substantial development outlay of Rs959.1 billion for the fiscal year 2024-25, marking a 30.5% increase from the current year’s Rs735 billion. In his budget speech, Chief Minister Syed Murad Ali Shah highlighted that the Annual Development Programme (ADP) would focus on the completion of ongoing projects from the past decade, with no new schemes introduced for FY25. Development Allocation Breakdown: Provincial ADP: Rs493 billion (29.7% increase from Rs380 billion in FY24)District ADP: Rs55 billionForeign Project Assistance: Rs334 billionFederal PSDP Schemes: Rs76.9 billionThe estimated…

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NPCC to Send Engineers to China for Transmission Line Stability Study

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Power-distribution

ISLAMABAD: The National Power Control Centre (NPCC) is set to send two engineers to China to study the Stability Control System (SCS) of the north-south transmission line after the Chinese company M/s PMLTC refused to send its engineers to Pakistan due to security concerns following the Dasu Project attack. Sources revealed that M/s PMLTC has installed the SCS for the HVDC system, which stabilizes the system during disturbances by tripping generation and load in the network. This system requires periodic simulation studies to determine safe power transfer limits from south…

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NPCC Reduces RLNG Demand for Power Generation from July to September 2024

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lng-usa

ISLAMABAD: The National Power Control Centre (NPCC) has announced a reduction in the demand for Regasified Liquefied Natural Gas (RLNG) for power generation for the period from July to September 2024. This decision follows a pattern of reduced load in recent months, according to well-informed sources at Business Recorder. Despite substantial load shedding due to a significant gap between power generation and demand, NPCC has revised RLNG allocations downward. This move is controversial, as it contradicts NEPRA’s regulations regarding revenue-based load shedding across the country. In a letter to the…

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Petrol Prices Expected to Drop by Rs9

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Petrol-price

ISLAMABAD: In response to lower international oil prices, the government is anticipated to reduce petrol and high-speed diesel (HSD) rates in its upcoming fortnightly price review on June 15. Petrol prices are expected to decrease by about Rs9 per liter, while HSD rates might drop by Rs5 per liter. Sources indicate that international prices for petrol and HSD have fallen by approximately $3.75 and $2.7 per barrel, respectively, over the past two weeks. This follows a previous reduction of around $12 and $8 per barrel for petrol and HSD, respectively,…

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CPEC’s Second Phase to Prioritize ML-1, Industrial Cooperation, Agriculture, and Energy

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CPEC-Project

ISLAMABAD: The government has approved the annual plan for the budget 2024-25, marking the commencement of the second phase of the China-Pakistan Economic Corridor (CPEC). This phase will emphasize industrial cooperation, agricultural modernization, socioeconomic development, and scientific collaboration, alongside ongoing infrastructure and energy projects. Key initiatives in infrastructure include the strategic Mainline-1 (ML-1) railway project, which is set to achieve significant milestones in 2024-25, promising to enhance the country’s logistics performance. Additionally, future projects in the mining sector are on the agenda. For Industrial Cooperation, four special economic zones (SEZs)—Rashakai,…

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