Category: Shortcode

The Inquiry Committee on power breakdown of October 13, 2022 has recommended the government to take disciplinary action against the technical teams from Project Delivery South, involved in execution of interim arrangement Asset Management South for lack of O&M activities, sources close to Minister for Power told Business Recorder. Sharing details, sources said, HVDC Converter Station Lahore was importing 1800-MW from Matiari-end prior to the incident. Unlike HVAC system, HVDC system is incapable of changing the direction of power flow during continuous operation. Thus, it did not support the system…

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Consumers will have to pay for the surplus power generation capacity regardless of the use, an amount that is set to rise from Rs900 billion now to Rs1.6 trillion by 2030, said a report released on Friday. The report, titled Pakistan Electricity Outlook 2022 and compiled by the Energy Institute of the Lahore University of Management Sciences (Lums), reveals that the period of the expensive capacity surplus will sustain over the modelled period, ranging from over 15 per cent in summer to over 40pc in winter over peak demand despite…

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Nishat Power Limited (NPL) has posted a 3 percent rise in its first-quarter net profit on an increase in its sales. In a statement to the Pakistan Stock Exchange on Friday, the company reported a net profit of Rs943.136 million for the quarter ended September 30, up from Rs915.047 million in the same period the previous year. The company announced an interim cash dividend of Rs2 per share for the first quarter. Earnings per share came in at Rs2.664/share, compared with Rs2.584/share same quarter last year. NPL said its revenue…

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Mari Petroleum Company Limited on Friday reported a 40 percent rise in its first-quarter (Q1) net profit on an increase in its sales. In a statement to the Pakistan Stock Exchange, the company reported a net profit of Rs12.714 billion for the quarter ended September 30, up from Rs9.098 billion in the same period the previous year. The company skipped any payout for the period. Earnings per share came in at Rs95.31/share, compared with Rs68.21/share same quarter last year. The company said its gross sales for the quarter rose to…

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Healthy lifestyle, body self-examination, and early detection could save millions of lives of Pakistani women facing threat of breast cancer October 21, 2022 A healthy lifestyle, balanced diet, self-examination of the body, and early diagnosis are the key factors to protect the lives of millions of adult women in Pakistan from the fatal disease of breast cancer.The concerned medical practitioners and noted women from different fields highlighted the precautions the female population of the country should adopt against breast cancer at an awareness seminar on the cancerous disease. The National…

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