Category: Shortcode

The residents of the twin cities of Rawalpindi and Islamabad are upset due to unscheduled loadshedding of over 12 hours here on Thursday. The affected locals of Adiala Road, Tulsa, Sher Zaman Colony, New Lalazar, Defence Road, Askari-7, Bakramandi, Dhamyal, Kalyal, Askari-14, Dehri, Tahli Moori, Chungi No22, Tench Bhatta, Dhoke Juma, Al-Mumtaz Colony, Jhanda, Scheme-III, Garibabad, Dhok Munshi, Rehmatabad, Soan, Morgha and several other areas took to the streets to protest against prolonged hours of unscheduled loadshedding in their respective areas. Similarly, the consumers of city areas also protested against…

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Major rural and urban centres have suffered prolonged electricity cuts and face further power outages as the state-run power distribution companies (DISCOs) have started unscheduled power load-shedding from 3 to 10 hours a day due to fuel shortages and an increase in electricity demand in summer. The power shortage has intensified over the last week, with the country’s power shortfall having crossed over 5,000 MW. An official told The News as the gap is high, the availability of fuel to generate electricity for bridging the gap is insufficient, especially furnace…

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What could well turn out to be the last bid received for LNG spot tenders under this government, bids offered at $34.7 and $33.5/mmbtu, will go down as the highest ever received. Needless to say, the bids at such exuberant rates will not be entertained. This is fivefold higher than the cargoes secured from the spot market in the same period last year. That is how wildly has the international gas market behaved in the last few months. Recall that Pakistan has also struggled to secure shipments from its long-term…

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The power crisis across the country has intensified as the overall electricity shortfall reached 5000 megawatts, ARY News reported on Thursday. According to sources, the unannounced load-shedding has begun across the country as the electricity shortfall has reached 5000MW. Sources privy to the development said that several power plants working on gas, coal and furnace oil have been closed. The duration of load-shedding in Punjab has reached 3 to 10 hours. Lahore Electricity Supply Company Limited (LESCO) is facing shortage of 1000mw as the demand is 4,100mw and the available…

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The government has so far released funds amounting to Rs1,949.72 million to executeseven ongoing and six new petroleum-related projects under the Public Sector DevelopmentProgramme (PSDP 2021-22) against total allocation of Rs 3,249.54 million.Out of the total disbursement of Rs 1,949.72 million, around Rs313.43 million have been spent on thepetroleum during an eight-month period (July-February) of the current fiscal year to accelerate oil andgas exploration activities and achieving self-sufficiency in the energy sector., according to official dataavailable with APP.As per the PSDP document, funds amounting to Rs1,473.683 million had been earmarked…

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