Category: Shortcode

Power companies seek to charge Rs1.8 per unit more

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crackdown-power

ISLAMABAD: While still reeling under the prolonged application of last year’s Rs135 billion worth of quarterly adjustments, the ex-Wapda distribution com­panies (Discos) have come up with a fresh claim of another Rs22.6bn for the first quarter of FY24 to be charged to consumers acr­oss the country at the rate of about Rs1.8 per unit. The requests have come amid over prevailing over 31pc rate of inflation which suggests that official estimates of declining inflationary trends might not be as forthcoming as electricity and gas rates have a major contribution to…

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“Clean Energy is the Top Priority of Pakistan”: Caretaker Energy Minister

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Clean-Energy

Interim Minister for Energy held a meeting with the ambassador of Denmark to Pakistan H.E Jacob Linulf at Power Division today. The brief of the update on Danish Energy Transmission Initiative (DETI) project was discussed . Minister said that the world is witnessing a much needed transition towards clean energy in wake of the Climate Change. Pakistan, being more vulnerable to impacts of the global climate change, has to also to adapt to and mitigate the Climate Change at the country level. He said that the government of Pakistan has…

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Gas tariff hike on cabinet meeting agenda today

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Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar will chair an important meeting of the federal cabinet today (Monday) in which some significant decisions are likely to be taken in light of the recommendations of the Economic Coordination Committee. As the deadline of repatriation of undocumented, illegal foreigners in Pakistan is expiring on Oct 31, the cabinet will also be informed about the results of ongoing operations against illegal or unregistered immigrants and unlawful economic activities, like smuggling, hoarding and the US dollar’s flight. The cabinet will also be apprised about the agenda…

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Petrol, diesel prices may drop again as rupee strengthens

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ISLAMABAD: Petroleum prices are expected to drop for the third consecutive fortnight with a reduction of Rs5-18 per litre for diesel and petrol, respectively, later this week, mainly due to exchange rate gains. Official sources told Dawn that the price of High-Speed Diesel (HSD) is likely to decrease by about Rs5-6 per litre, falling to less than Rs300 per litre, unless the caretaker government further increases the petroleum levy. On the other hand, petrol would be cheaper by about Rs18 per litre. This is mainly due to the rupee’s gain of about Rs3 against the dollar…

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Nov 23 to March 24: PPRA grants SLL exemption on LPG purchases

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lpg.png

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has granted exemption to SSGC-LPG (Pvt.) Limited (SLL) for procurement of up to five cargoes of Liquefied Petroleum Gas (LPG) for five months (November 2023 to March 2024) and procurement of LPG with the condition of lower prices, sources close to Secretary Finance told Business Recorder. Sharing the details, sources said on October 20, 2023, Managing Director PPRA informed the Board that Ministry of Energy (Petroleum Division) in a letter of October 03, 2023 requested PPRA to allow exemption under section 21 of PPRA…

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