Category: Shortcode

Bilawal unveils PPP’s election agenda promising free electricity

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Bilawal-bhutto

GARHI KHUDA BAKHSH: Pakistan Peoples Party (PPP) chairman and former foreign minister Bilawal Bhutto Zardari has unveiled party’s 10-point agenda for general election 2024,Addressing a public gathering on the death anniversary of his mother and former prime minister Benazir Bhutto’s death anniversary in Garhi Khuda Bakhsh, Bilawal announced free electricity through solar power on consumption of 300 units after forming government.Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday unveiled a 10-point election manifesto of his party to deal with the challenges being faced the country and provide relief…

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Gas woes paralyse industries

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Oil-and-Gas

Shortage disrupts operations, imperils export orders; govt, SSGC urged to intervene KARACHI: A critical shortage of natural gas accompanied by perilously low pressure is wreaking havoc on industrial production, leading to delays in export orders worth millions of US dollars and escalating the overall cost of doing business, according to distressed exporters. They are urgently calling on the government and Sui Southern Gas Company (SSGC) to ensure a consistent gas supply with a pressure of 8 psi (pound per square inch) to meet export deadlines. Speaking to The Express Tribune,…

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20-year licences issued to seven DISCOs

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power-sector

Suppliers of Last Resort licences will remain valid till April 2043 ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued separate licences of the Suppliers of Last Resort (SoLR) to seven electricity distribution companies (DISCOs) for 20 years with retrospective effect, ie, from April 27, 2023. The licences will remain valid till April 26, 2043. “The authority approves the grant of supplier licences to DISCOs (to act as SoLR) in terms of Section 23E and 23F of the Nepra Act on the terms and conditions as set out in…

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Govt okays changes in energy deals

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cpec

ECC agrees Pakistan will not slap arbitrary penalties on power plants ISLAMABAD: Pakistan on Thursday approved amendments to the energy deals signed with Chinese power plants to end arbitrary penalties but deferred decision on bringing a quad-nation gas pipeline project under the special foreign investment protection regime. The Economic Coordination Committee (ECC) of the cabinet authorised the energy ministry to sign supplementary power purchase agreements with the Chinese power plants set up under the China-Pakistan Economic Corridor (CPEC). According to these agreements, Pakistan will not slap liquidating damages on the…

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Solar panel imports: PCA South uncovers another money laundering offence

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Solar power

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered another trade-based money laundering involving over Rs16 billion under solar panel imports. According to an FIR, after an extensive investigation of a suspicious company, the Directorate found that this trade-based money laundering involved a cartel of 12 fictitious importers connected to this company. The trade-based money laundering is estimated to have cost the national exchequer over Rs.16 billion as the cartel utilized an elaborate setup of non-existent businesses, misuse of customs procedures, and trade-based money laundering to import solar…

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