Category: Shortcode

Prime Minister Shehbaz Sharif has expressed concern over recent increases in gas prices. According to sources, the Prime Minister has issued directives to the Ministry of Energy to complete 16 tasks within one to three months. In response to a new proposal for a price hike in gas by SNGPL, the Prime Minister has directed for an assessment of OGRA and gas companies’ performance. The Prime Minister has also instructed for a forensic audit report on the recent gas price hike to be presented within one month. Additionally, he has…

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Ten power Distribution Companies (Discos) in Pakistan have submitted petitions to the National Electric Power Regulatory Authority (NEPRA) seeking a significant tariff adjustment totaling Rs2.765 trillion for various components of the tariff for the fiscal year 2024-25 under the multi-Year Tariff (MYT) framework. The petitions, filed by companies such as Lahore Electric Supply Company (LESCO), Faisalabad Electric Supply Company (FESCO), Islamabad Electric Supply Company (IESCO), Quetta Electric Supply Company (QESCO), Gujranwala Electric Power Company (GEPCO), Multan Electric Power Company (MEPCO), Tribal Areas Electric Supply Company (TESCO), Sukkur Electric Supply Company,…

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During the hearing on the request by Sui Northern Gas to increase gas prices further, Chairman Ogra Masroor Ahmad Khan has stated that the impact of mandatory gas price hikes is not justified. Chairman Ogra Masroor Ahmad Khan, along with Finance Member Muhammad Naeem and Oil Member Zain-ul-Abideen, is conducting the hearing at Sui Northern Gas Company’s head office. The hearing has seen a large number of participants from industries, traders, and ordinary consumers. During the hearing, Chairman Ogra Masroor Ahmad Khan mentioned that they have listened to all stakeholders.…

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The Private Power and Infrastructure Board (PPIB) has issued a one-month ultimatum to Chinese Company M/s Azad Pattan Power (Pvt) Ltd -APPL to commence work on the 700.7-MW hydropower project. Failure to do so, along with obtaining approvals from M/s Sinosure, may lead PPIB to explore alternative options, according to sources familiar with the matter. This directive was conveyed during a recent meeting attended by key stakeholders, including representatives from CPPA-G, CPEC Secretariat, AJ&K Board of Revenue, Punjab Board of Revenue, and officials from APPL and PPIB. The Managing Director…

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The Chief Executive Officer of the Qatar Fund for Development (QFFD), Khalifa bin Jassem Al-Kuwari, expressed interest in expanding the fund’s involvement in Pakistan’s power generation and housing sectors during a two-day visit to Pakistan from March 23-24, 2024. The visit aimed to strengthen bilateral cooperation and explore opportunities for collaboration in key development areas. During discussions with Minister for Economic Affairs Ahad Khan Cheema, both parties emphasized the importance of enhancing cooperation in the development of mega projects, particularly in the water sector. Minister Cheema highlighted Pakistan’s priority to…

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