Category: Shortcode

LPG Industry Opposes Government Intervention, Fearing Anti-Competitive Practices

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LPG-Air-Mix-Plant

LPG producers and marketing companies in Pakistan have raised concerns over the government’s proposed intervention in LPG allocation, as outlined in the new LPG Policy 2024. The industry fears that this intervention could lead to anti-competitive practices and undermine the spirit of deregulation. Under the proposed policy, the Petroleum Division suggests allocating up to 10% of LPG production to Sui gas firms and marketing companies for exclusive use in LPG air-mix plants, without a competitive bidding process. Additionally, an extra 5% of production would be dedicated to marketing companies for…

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26 Public Sector Organizations in Pakistan Trained on Solar Power Purchase Agreements

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Solar-Power

In a bid to harness Pakistan’s abundant solar energy potential, the Pakistan Private Sector Energy (PPSE) Project, funded by USAID and implemented by PFAN in partnership with UNIDO and REEEP, conducted a comprehensive training session for public sector entities. Held at Avari Hotel Lahore on March 2-3, 2023, the training focused on Solar Power Purchase Agreements (PPAs) and their role in advancing renewable energy adoption. The training, organized in collaboration with the Punjab Public Private Partnership Authority (PPPA), aimed to equip participants with the knowledge and tools necessary to explore…

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FBR plans to block mobile SIMs of tax evaders

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fbr

Revenue board chief endorses disconnection of 500,000 SIMs ISLAMABAD: The Federal Board of Revenue (FBR) has decided to block 500,000 mobile phone SIMs of tax evaders as the decision has been endorsed by its chairman. In this regard, the FBR has sent relevant rules to the officers concerned. According to sources, the FBR has identified two million tax evaders, but mobile service providing companies requested the tax authority that they could not afford to block such a large number of SIMs. In response to the request, it was decided that…

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Thar coal key to overcoming expensive power woes

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coal

NEPRA report says high cost of electricity denting country’s growth KARACHI: The National Electric Power Regulatory Authority (Nepra) has revealed that the high cost of electricity was one of the contributing factors for decreasing the country’s economic growth rate to only 0.29% in the financial year 2022-23. The power regulator in its ‘State of the Industry Report 2023’ noted that the high electricity rates in the country was one  of the main factors affecting the country’s economic development and the decline in its gross domestic product (GDP). It pointed out…

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Polio victim plans to travel 400 cities to plant saplings

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tree-plant

Khizar Wali Chishti has so far succeeded in planting more than 150,000 saplings PESHAWAR: A 32-year-old polio survivor is embarking on a remarkable journey across Pakistan, aiming to plant 10 million trees and raise awareness about the urgent need for environmental conservation. Despite his physical challenges, Khizar Wali Chishti is determined to be a catalyst for change in the face of escalating climate threats. “The objective of the countrywide visit is to convey a message about the pressing need for planting trees to reduce the impacts of climate change,” Khizar stated.…

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