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Prime Minister Mian Shahbaz Sharif has expressed anger over the increase in load shedding in the country and ordered a significant reduction in load shedding by May. The sacrifices of the people of tribal districts will always be remembered in history: PMPML-N Central President and Prime Minister Shahbaz Sharif has issued strict instructions to take steps on emergency basis to reduce the load shedding. He has clearly said that efforts should be made to save the citizens from the inconvenience caused by the carelessness of the previous government and the…

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Power sector experts have emphasised upon Pakistan to push harder for utilisation of lignite – an economical alternative to imported furnace oil and RLNG (re-gasified liquefied natural gas) – as it is crucial for the country’s ambition to achieve higher economic growth through industrialisation. Besides industrialisation, provision of electricity to domestic consumers by using local coal reserves could serve the purpose of generating cheap electricity and curbing the ever increasing circular debt in the power sector, they added. They were of the view that the incumbent coalition government, led by…

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National Transmission & Despatch Company’s (NTDC) near 80 percent power grid stations lack proper event and fault recording mechanism, which results in frequent breakdowns amid long spells of announced and unannounced load-shedding in the country. “Owing to such criminal negligence, power transmission utilities did not have the ability to record, locate, promptly repair and fix responsibility for power breakdowns,” official sources told The News. An alleged major willful negligence has been unearthed in NTDC, wherein 16 power grid stations out of 20 were not equipped with any Event and Fault…

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Pakistan Refinery Limited (PRL) on Thursday reported a record surge of 931 percent in its net profit for the third quarter of this fiscal on an increase in the sales. In a statement to the Pakistan Stock Exchange (PSX), the company reported a net profit of Rs5.529 billion for the quarter ended March 31, up from Rs536.406 million the previous year. PRL skipped any dividend for the period concerned. Earnings per share came in at Rs8.78/share, compared with Re0.85/share last year. The company said its revenue for the quarter rose…

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Following the non-availability of required fuel for power generation and non-maintenance of some important power plants, the power outages that severely hit the masses across the country during the holy month of Ramazan have further increased up to 10-12 hours, making the lives of people miserable even at the time of Iftari and Sehri. “The less production of hydro power in the wake of no improvement in water flows into the system and no rain spell coupled with an increase in demand of electricity, because of surge in mercury, which…

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