Category: Shortcode

The ‘Gauss Auto Group,’ a Chinese corporation, has announced plans to build an electric vehicle (EV) plant in Pakistan’s special economic zone near Port Qasim in Karachi. The company would enter into a joint venture (JV) with AKD Group Holdings (Pvt) limited, and export their locally produced EVs from Pakistan to other countries. The plant would span roughly 1,000 acres. The company made this announcement during a meeting with Federal Minister Board of Investment (BOI) Chaudhry Salik Hussain and BOI Secretary Fareena Mazhar. A delegation led by Gauss Auto Group…

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Sindh High Court on Thursday suspended the National Electric Power Regulatory Authority (NEPRA) decisions with regard to federal government’s winter incentive package for electricity consumers on incremental consumption of K-Electric. The interim order came on KE petition against Nepra decisions on incremental consumers of KE and the power utility’s subsequent appeal. Nepra in its January 11 decision allowed KE to retain marginal cost on incremental sales and directed it to charge Rs12.96 kW/h on incremental consumption of both domestic and commercial users as per winter incentive package. Petitioner’s counsel submitted…

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Pakistan is facing a threat of low levels of coal inventory that might take 3,900 MW out of the national grid, making the situation of power outages worse. The overall shortfall of electricity in the country has reached 5,000 MW.Power Division sources said the total power generation in the country was 21,500 MW while demand stood at over 26,500 MW.The energy ministry has warned Prime Minister Shehbaz Sharif to immediately arrange Rs100 billion to address the issue of coal inventory in a bid to avert the power crisis. At present,…

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Apparently setting the stage for reversing fuel and electricity discounts amid negotiations with the International Monetary Fund (IMF), the coalition government’s energy ministers on Thursday said the tough decisions now would be better than even tougher choices six months later. “Reduction in the international prices (of oil, gas and coal) is not expected over the short to medium term period, not in six months at least. Therefore, responsibility requires it is better to take difficult decisions now, rather even more difficult decisions six months later,” said Federal Minister for Power…

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The Peshawar High Court (PHC) on Wednesday directed the Sui Northern Gas Pipeline Company (SNGPL) to ensure uninterrupted gas supply to textile mills. The order was issued by PHC’s two-judge bench comprising Justice Shakeel Ahmed and Justice Ijaz Anwar while hearing a writ petition submitted by the Khyber Pakhtunkhwa Textile Mills Association through Yasir Khattak, Farooq Afridi and Asadullah advocates. The petition stated that under the constitution, areas which produce gas have first right over it and only surplus gas can be provided to other parts of the country. “Khyber…

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