Category: Shortcode

Nepra set to hike base tariff

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Nepra-tariff

ISLAMABAD: In order to ensure smooth approval of $3 billion loan by the IMF Executive Board, the National Electric Power Regulatory Authority (NEPRA) is set to increase electricity base tariff for the ongoing financial year 2023-24. The regulator, according to one of the top officials, has worked out three options for the increase in base tariff, including jacking a base tariff by less than Rs8 per unit, less than Rs7 (Rs6.90) per unit and less than Rs6 per unit. The tariff department has recommended increasing Rs6.90 per unit but the…

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Virgin Atlantic ends operation in Pakistan

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Virgin-Atlantic

RAWALPINDI: Virgin Atlantic operated its final flight from Islamabad International Airport on Sunday after announcing earlier in the year that it will suspend operations between London Heathrow, Lahore and Islamabad. A spokesman for the Civil Aviation Authority said in a press release that a Virgin Atlantic flight took off from Islamabad to London’s Heathrow Airport at 8am on Sunday. Virgin Atlantic commenced its operations at Islamabad airport in December 2020 with seven weekly flights. The airline initially operated four flights to Manchester and three to Heathrow Airport. Later the airline reduced its operations to…

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CPEC projects garnered $25b direct investment

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China-Pakistan

PM says pace of work on projects will be further expedited ISLAMABAD: The China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI), has witnessed remarkable progress in Pakistan, attracting direct investments worth US$25.4 billion from China over the past decade. A senior official from the Chinese Foreign Ministry stated that the CPEC has formed a comprehensive “1+4” cooperation layout, with the CPEC at the center and Gwadar Port, transport infrastructure, energy, and industrial cooperation as the four key areas. The CPEC projects have contributed to…

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Pakistani consumers pay highest energy tax: expert

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energy-tax

KARACHI: The hike in energy rates is the biggest issue of our economy, as we are the highest tax paying energy consumers in the world, said Ateeq Ur Rehman, economic expert The already raised enormous electricity tariffs are a great burden on Industry and Household, further raise will become extra ordinary load on electricity consumers. Fully endorsing the concerns of Tariq Muhammad Yousuf, President KCCI, he said: “FCA is also part of the electricity tariff but it seems that the public is being put in double jeopardy by applying increase…

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Provisional tariff: KAPCO again moves Nepra for early approval

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Provisional-tariff

ISLAMABAD: M/s Kot Addu Power Company Limited (KAPCO) has again approached the power regulator for early approval of provisional tariff as National Power Control Centre (NPCC), the System Operator is repeatedly emphasizing the requirement of KAPCO units to meet system demand. In a letter to Registrar Nepra, Chief Executive KAPCO, Aftab Mahmood Butt, cited the letter of June 16, 2023 regarding notice of admission of petition on provisional tariff, adding that the power company has been contacted by System Operator and Power Division several times seeking an update on tariff…

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