Category: Shortcode

The auditor general of Pakistan has turned down demands of the International Monetary Fund (IMF) for conducting special audits of state-owned enterprises, including Sui Southern Gas Company Limited (SSGCL), Hyderabad Electric Supply Corporation (Hesco) and Peshawar Electric Supply Company (Pesco). The AGP has refused to conduct special audits of selected SOEs, arguing that any audit as proposed without considering terms of reference (ToRs) and specified risk areas will only be a duplication of efforts with the same observations/results. “The cash-bleeding energy sector has been proving a persistent burden on the…

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The National Electric Power Regulatory Authority (Nepra) on Tuesday indicated a power tariff reduction of Rs0.32 per unit on account of fuel cost adjustment for October 2022. The regulator conducted a public hearing to consider a proposed reduction in tariff and said that the consumers of all power distribution companies would get a relief of Rs3.3 billion. Nepra said that the Central Power Purchasing AgencyGuarantee (CPPA-G) had submitted a petition seeking a tariff cut of Rs0.25 per unit under fuel cost adjustment for October. However, following examination of data, the…

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Consumers of diesel are not likely to see any relief from the government as it may decide to increase the rate of the petroleum levy (PL) from December 1, 2022. Finance Minister Ishaq Dar is also expected to maintain the existing oil prices for the first two weeks of December 2022. With the recent increase in PL on petrol and HighOctane Blending Component (HOBC), to the budgeted level of Rs50 per litre, the government now has the space to increase the rate of PL on diesel – a key product,…

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The government on Tuesday approved a subsidy of Rs3.6 per unit for agriculture tube wells but increased tariff rate by Rs3.21 per unit for K-Electric’s (KE) residential consumers, in a move that shows hard choices between populist measures and meeting International Monetary Fund’s (IMF) requirements. The Economic Coordination Committee (ECC) of the cabinet that took these decisions also allowed imposition of regulatory duties on man-made fabric in addition to allocating Rs15 billion for the Election Commission of Pakistan (ECP) for conducting general elections. Finance Minister Ishaq Dar presided over the…

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China-Pakistan Economic Corridor (CPEC) energy projects have improved the electricity sector in Pakistan and contributed to economic growth by increasing power supply with high efficiency and at lower cost, remarked Tauseef H Farooqi, said Chairman of National Electric Power Regulatory Authority (Nepra). According to Farooqui, total installed capacity of CPEC energy projects, including that of coal, wind, solar and hydroelectric power, stands at 6,570 megawatts. They have generated 28,549 gigawatt-hours (GWh) and 25,772 GWh of electricity in financial years 2020-21 and 2021-22 respectively, accounting for 22.03% and 18.37% of the…

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