Category: Shortcode

FPCCI, KATI Oppose Proposed Hike in Security Deposits by Discos, K-Electric

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Power Division

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI) have strongly opposed the proposed increase in security deposits by Distribution Companies (Discos) and K-Electric, demanding full financial transparency before any decision is made. In separate letters to the Registrar of the National Electric Power Regulatory Authority (NEPRA), both trade bodies have requested access to audited details of total security deposits held by Discos and K-Electric ahead of the public hearing scheduled for February 11, 2025. They argue that consumer…

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CM Sindh urges fed govt to seek Sindh’s input on oil, gas exploration & production framework for selling to private sector.

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New-Project36

• No sale should be authorised without Sindh’s consent.• CM demanded regular sharing latest production statistics of oil, gas• CM decides to become party in WLO litigation. KARACHI (Feb 1): Sindh Chief Minister Syed Murad Ali Shah has emphasised that the federal government must include Sindh’s input in the framework that allows oil and gas exploration and production companies to sell 35% of their stakes to private parties and no sale should be authorised without Sindh’s consent. He directed the Petroleum Division to include the following in the framework :i.…

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Saudi Arabia Remains Top Travel Destination for Pakistanis with 100% Growth in 2024

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Saudi-Arabia1

KARACHI: Saudi Arabia continues to be one of the most favored international destinations for Pakistani travelers, experiencing a remarkable 100% year-on-year growth, according to travel mobile application Wego. This surge in demand aligns with Saudi Arabia’s Vision 2030 initiative, which aims to boost the Kingdom’s tourism industry through ambitious mega-projects. As the home of Islam’s two holiest cities, Makkah and Madinah, Saudi Arabia holds immense religious significance for millions of Muslims, particularly Pakistanis, who travel frequently for religious tourism, as well as for work and residence. The Kingdom’s tourism sector…

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Nepra Takes Suo Motu Notice of PPIB’s $300/MW Tariff Approval

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Nepra-KE-1

Islamabad: The National Electric Power Regulatory Authority (Nepra) has taken suo motu notice of the Private Power Infrastructure Board’s (PPIB) decision to impose charges of up to $300 per megawatt (MW) on electricity consumers for its project facilitation services in power generation, transmission, and distribution. Nepra has scheduled a public hearing on February 13, 2025, to assess the legality and impact of these charges. PPIB seeks to collect a $250–300 per MW annual fee on 19,677MW of installed electricity capacity from projects it has processed and facilitated. The government, which…

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LPG Price Increased by Rs3.68 Per Kg, Effective February 1

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lpg

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has raised the price of liquefied petroleum gas (LPG) by Rs3.68 per kilogram, effective February 1, 2025. According to an OGRA notification, the new LPG price is set at Rs253.97 per kg, bringing the cost of an 11.8 kg domestic cylinder to Rs2,997—an increase of Rs43.52 per cylinder (1.47%). The LPG price adjustment is linked to Saudi Aramco’s Contract Price (CP) and the US dollar exchange rate. Compared to the previous month, Saudi Aramco-CP increased by 1.6%, while the average dollar exchange…

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