Category: Shortcode

The ex-Wapda distribution companies (Discos) on Friday sought an additional fuel cost (FCA) of about 25 paise per unit to generate about Rs2.5 billion in supplementary revenue on account of a higher cost of electricity consumed in October. On the other hand, K-Electric has proposed a reduction in FCA by about Rs1.9 per unit to refund through tariff adjustment of about Rs3.16bn to consumers on account of cheaper electricity produced in October. Separately, KE has also sought about Rs7.8 per unit negative quarterly tariff adjustment for the July-September period. The…

Read More

With the start of winter, gas shortage has become a major issue especially in the province of Punjab, as only eight hours of gas will be supplied to domestic consumers in 24 hours from next month. As per the sources, Punjab will be the most affected by the gas shortage as Sui Northern Gas Pipelines Limited will not have the required amount of gas available for the province. The main reason for it is that the share of Punjab in gas production is less than other provinces of Sindh, Balochistan…

Read More

Saif Power Limited (SEL) has urged Central Power Purchasing Agency-Guaranteed (CPPA-G) to accelerate its payments as its liquidity position is critical. In a letter to Chief Executive Officer (CEO), CPPA-G, Rehan Akhtar, CEO SEL, Sohail H Hydari has stated that the power company’s overdue receivables have increased to Rs10.93 billion which were Rs10 billion last month. According to CEO of the company, the stock of receivables of his company at the time of his meeting with CEO CPPA-G were far higher than those of the three sister companies. However, during…

Read More

Pakistan’s annual economic output could see a cut of 18 per cent to 20pc by 2050 due to climate change risks, according to a report recently published by the World Bank. “The combined risks from the intensification of climate change and environmental degradation, unless addressed, will further aggravate Pakistan’s economic fragility; and could ultimately reduce annual GDP by 18pc to 20pc per year by 2050, based on the optimistic and pessimistic scenarios,” it said. The report stated that between 6.5pc and 9pc of GDP will likely be lost due to…

Read More

The government has given a hefty amount of over Rs70 billion in subsidy by providing liquefied natural gas (LNG) at discounted rates to two fertiliser plants over the past few years. However, it does not seem to have made any difference in the lives of farmers, who continue to bear higher prices of urea fertiliser. According to sources, the government started supplying LNG at lower-than-market prices to Fatima Fertiliser and Agritech Limited in 2018 and it has continued to date. During the period from early 2018 to September 2022, a…

Read More