Category: Shortcode

Kakar for focusing on climate resilience, finance aspects in Balochistan’s hydro projects

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Karot-Hydropower

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar Tuesday stressed upon focusing the climate resilience and climate finance aspects in all the water projects of Balochistan and reiterated that progress and prosperity of the people of province were among the top priorities of the government. The caretaker prime minister chaired a review meeting on the important matters pertaining to the Balochistan province. The meeting was attended by Caretaker Balochistan Chief Minister Ali Mardan Domki, Education Minister Dr Qadir Baloch and Chief Secretary Shakeel Qadir, Caretaker Federal Minister for Planning Sami Saeed, Caretaker…

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Govt to recover Rs232b for LNG

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LNG

Gives fertiliser plants LNG worth Rs15b to be recovered from consumers ISLAMABAD: In the face of resistance from the Sindh province, the caretaker government is aiming to recoup Rs232 billion, representing the cost of diverting expensive Liquified Natural Gas (LNG) supply to domestic consumers from January 1, 2024. The gas utility, Sui Northern Gas Pipelines Limited (SNGPL), had redirected costly LNG to domestic consumers during winter seasons to address gas crises as per federal government directives. However, the absence of a legal framework hindered the recovery of LNG prices. The…

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CPPA seeks Rs4.66 per unit FCA for XW Discos

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lpg

ISLAMABAD: The Central Power Purchasing Agency (CPPA) has sought a massive Rs4.66 per unit fuel cost adjustment (FCA) for an increase in ex-Wapda distribution companies (Discos) to generate additional amount in January 2024. The National Electric Power Regulatory Authority (Nepra) will hold a public hearing today (Wednesday 7 December 2023) on the CPPA-G’s request. In a petition, the CPPA acting as commercial agent of the Discos demanded an additional FCA of Rs4.66 per unit in the billing month of January 2024 for electricity consumed in November. CPPA-G seeks tariff hike…

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IMF recipe fails to ease Pakistan’s economic misery ahead of elections

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IMF-board

LAHORE: With elections round the corner the expected economic turnaround has not yet taken place despite complete adherence of the last elected and the current caretaker governments to the recipe suggested by the International Monetary Fund. The economic fundamentals have somewhat improved but the miseries of the public at large have intensified. The electorate at the time of election is more interested in the relief and abhors further stress. They are confused about whom to blame for their distress. Is it the PTI, PDM coalition or the caretakers? The chronology…

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Foreign shareholders freeze participation in Russia’s Arctic LNG 2

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lpg-plant

MOSCOW: Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday. The project, seen as a key element in Russia’s drive to boost its LNG global market share to 20 percent by 2030 from 8 percent, was already facing difficulties due to U.S. sanctions over the conflict in Ukraine and a lack of gas carriers. China’s state oil majors CNOOC Ltd and China…

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