Category: Shortcode

Chairman National Electric Power Regulatory Authority (Nepra) Tauseef H Farooqi has assured the All Pakistan Textile Industry (APTMA) of reviewing wheeling charges against cheaper power generation facilities to be set up by the industry under Competitive Trading Bilateral Contract Market (CTBCM) scheme. “Both the industry and Nepra representatives should sit together and calculate judicious wheeling charges to make them acceptable for both sides,” he proposed. He was holding an interactive session with APTMA members, including Patron-in-Chief Gohar Ejaz, Chairman Abdul Rahim Nasir, Chairman North Zone Hamid Zaman, Secretary General Raza…

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Retailers riled up over fixed sales tax Simultaneously, all Pakistan Anjuman Tajran and Traders Action Committee took to the streets in Islamabad demanding removal of Federal Finance Minister Miftah Ismail for implementing the sales tax in bills, dubbing it “cruel.” Protests by small traders have erupted in AJK, Peshawar, Lahore and many parts of country. Hasnain Khurshid, Sarhad Chamber of Commerce and Industries chief stated that with high inflation, traders were poor and could not afford this new tax burden. According to Finance Minister Miftah Ismail, there are approximately 8…

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As regulated entities, no Distribution Company including K-Electric holds any authority to levy or remove taxes. While it is common knowledge on who has this authority, certain elements seem to be regrettably misleading the traders’ community due to their vested interest in the matter. Approaching the correct forums could have resulted in more productive outcomes on the matter.” Spokesperson K-Electric highlighted in a statement today. The company will ensure a swifter implementation of any revision in the orders from the relevant authorities if and when such revisions are received. It…

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WAPDA has projected an increase of 20 percent in revenue requirement for the FY2022-23, as it has sought NEPRA approval for hike in tariff for bulk supply of power from its hydle power stations.In its tariff petition, for revision of tariff for 2022-23 for sale of bulk supply of power from WAPDA hydle power stations, WAPDA has requested NEPRA for determination of revenue requirements of Rs 121.808b for ongoing fiscal, which is 20pc higher than the NEPRA’s determined revenue requirements of Rs 101.382b for the FY 2021-22. Change in components…

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Prime Minister Shehbaz Sharif on Wednesday said that the present government was making rapid progress to complete the Thar Coal Power Project by the first quarter of 2023 for which as many as 7,000 local people have been employed. The prime minister was talking during a meeting with a Chinese delegation led by the president of Shanghai Electric, Liu Ping. The meeting was attended by former prime minister Shahid Khaqan Abbasi, Federal Minister for Power Khurram Dastgir Khan, Minister of State for Petroleum Dr. Mussadak Malik, Special Assistants Zafaruddin Mahmood,…

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