The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) will meet on Monday, January 23, 2023 to decide about Monetary Policy. Governor SBP, Mr. Jameel Ahmad will announce the Monetary Policy decision at a press conference on the same day after the MPC meeting.
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Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) visited Tarbela 4th Extension Hydel Power Station (T4) and inspected operation and maintenance (O&M) activities of the power station, commissioned in 2018. He also had a detailed round of the under-construction Tarbela 5th Extension Hydropower Project (T5) to review construction activities on the sites. The GM (Tarbela Dam), accompanied by the project management, briefed the Chairman about progress on the project. Consequent upon the permission accorded by IRSA for closure of Tunnel No.5, construction activities are being carried out simultaneously at five…
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Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought negative adjustment of Rs2.20 per unit in Discos’ tariffs for December 2022 under monthly Fuel Charges Adjustment (FCA), National Electric Power Regulator Authority (Nepra) will hold a public hearing on January 30, 2023 on CPPA-G’s request of adjustment in Discos’ tariffs. According to data submitted to Nepra, in December 2022, hydel generation was 1,720.43 GWh constituting 20.44 percent of total generation. Power generation from coal-fired power plants was 1,521 GWh in December 2022 which was 18.07 percent of total generation at a price…
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Oil and Gas Regulatory Authority (OGRA) has taken serious notice of the complaints regarding overcharging of end consumer LPG Price. OGRA Enforcement Teams have been mobilized to take cognizance of the matter and to ensure sale of LPG at notified prices to provide relief to the end consumers and to initiate action against the violators under the applicable Rules/Laws.OGRA-Enforcement Teams have visited various LPG Plants recently in the vicinity of Lahore & Islamabad to check/ monitor LPG Prices and safety. During the visit, all LPG Plants were directed to ensure…
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Mari Petroleum Company Limited (MARI), one of Pakistan’s largest petroleum exploration and production companies, announced that it has initiated gas supply from Phase-II of Sachal Gas Processing Complex (SGPC), formerly known as GTH Gas Processing Facilities, on Friday. “We are pleased to announce that MARI has successfully completed the construction of SGPC Phase-II facilities to process low Btu gas from Goru-B reservoir of Mari Gas Field, Daharki, Sindh,” said the company in its notice to the Pakistan Stock Exchange (PSX). The company shared that the phased commissioning and performance testing…
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