Shortcode Archives - Page 542 of 888

Supply Of Gas, Other Heads Rs50bn Spent on PSM Since Its Shutdown

May 19, 2023May 19, 2023 Admin

The federal government has spent about Rs 50 billion on Pakistan Steel Mills (PSM) since it shut down its operations in mid of 2015 on salaries, supply of gas and other heads without any output, well-informed sources told Business Recorder.

Tariff Relief AEDB Urges Govt to Hold Talks With DFC’s 5 Wind Power Projects

May 19, 2023May 19, 2023 Admin

The Alternative Energy Development Board (AEDB) has proposed to the government to start negotiations with five wind power projects of US International Development Finance Corporation (DFC) in order to reach a mutually acceptable agreement and provide relief/reduction in tariffs

Cabinet Approves Exemption for SSGC-LPG (SLL) to Import LPG Spot Cargoes from April to September 2023

May 18, 2023May 18, 2023 Admin

Federal cabinet, through circulation of summary, has approved an exemption for SSGC-LPG (Pvt.) Limited (SLL) on purchase of Liquefied Petroleum Gas (LPG) spot cargoes from the international market, it was learnt on Thursday.

Power Supply to Karachi May Be Cut Off

May 18, 2023May 18, 2023 Admin

An official told a parliamentary panel on Wednesday that electric supply to Karachi might be shut down if the federal government did not pay subsidy to K-Electric (KE), a private company that supplies power to Pakistan’s economic hub.

Non Determination Of Tariff by Nepra: KAPCO Threatens to Invoke Sovereign Guarantee

May 18, 2023May 18, 2023 Admin

M/s Kot Addu Power Company Limited (Kapco) is said to have threatened to invoke sovereign guarantee if its tariff is not determined by National Electric Power Regulatory Authority (Nepra) as the role of the Senate Committee on Energy is ‘advisory’ in nature and it is not competent enough to issue directions, well-informed sources in Nepra told Business Recorder.