Category: Shortcode

The National Electric Power Regulatory Authority (NEPRA) on Tuesday expressed serious concern over electricity distribution companies (Discos’) as national exchequer lost Rs1.226 billion, ARY News reported. The deteriorating performance of the Discos’ in several cities of Pakistan due to which the national treasure suffered at least 1.226 billion in total. NEPRA report unveiled that the due to the efficient distribution, Discos’ including Gujranwala Electric Power Company (GEPCO), Faisalabad Electric Supply Company (FESCO), Multan Electric Power Company (MEPCO) the national exchequer got benefited. On the other hand, the inefficiency of Peshawar,…

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The two key foreign investors’ groups of KE have given one-month deadline to Islamabad for withdrawal of all litigation, clearance of outstanding payments and signing of three long-awaited pacts or face litigation at international forum. The deadline was given on January 5, 2023 through a legal notice to Attorney General for Pakistan. Copies of notice have also been sent to Prime Minister, Shehbaz Sharif, Minister for Power and Minister for Law and Justice. The legal notice has been served by Al-Jomaih Power Limited and Denham Investments Limited, upon the Islamic…

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The National Electric Power Regulatory Authority (Nepra) has allowed power distribution companies (Discos) to recover Rs 41.938 billion from their consumers for the first quarter of (July-September) 2022-23 under the QTA mechanism. The impact on IESCO consumers will be of Rs 1.97 per unit, LESCO Rs 2.76 per unit, GEPCO Rs 4.06 per unit, FESCO Rs 3.26 per unit, MEPCO Rs 4.80 per unit, PESCO Rs 1.25 per unit, HESCO Rs 1.77 per unit, QESCO Rs 4.09 per unit, SEPCO Rs 2.31 per unit, and TESCO Rs 3.62 per unit…

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Minister of State for Finance Dr Aisha Ghaus Pasha has stated that the second phase of the China-Pakistan Economic Corridor (CPEC) would be instrumental in achieving the SDGs. Speaking at the launch of a report titled, “All Pakistan Chinese Enterprise Association (APCEA) Sustainable Development Report 2022”, she said that it would also supplement Pakistan’s socioeconomic development. The minister added that as the infrastructure phase has been completed to fill the gaps, now important thing for Pakistan is the Phase-II, as well as, the joint venture for investment in Pakistan for…

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The government on Tuesday amended a policy in favour of Fauji Foundation to facilitate the acquisition of a stake in a power plant while revising its earlier decision to promote solar projects. The decision was taken by Finance Minister Ishaq Dar-led Economic Coordination Committee (ECC) of the cabinet. The ECC allowed equity investment of $4.9 million by Fauji Foundation for the acquisition of 2.75 million shares (18.64% stake) in Daharki Power Holdings Limited. According to the Ministry of Finance, the ECC also waived and exempted Fauji Foundation from the policy…

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