Category: Shortcode

Government Approves Sale of 35% Gas Output to Private Parties

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Gas-OGDCL

Islamabad – The government has issued a statutory order (SRO) permitting exploration and production (E&P) companies to sell up to 35% of newly discovered gas reserves to private entities. This marks a significant increase from the previous cap of 10%, with an annual ceiling of 100 mmcfd. The decision, facilitated by the Special Investment Facilitation Council (SIFC) and a committee led by Deputy Prime Minister Ishaq Dar, resolves a prolonged standoff with state-owned gas companies. E&P firms had expressed concerns over cash flow challenges caused by non-payments from government-run gas…

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Power Companies Seek Rs1.04 per Unit Negative FCA for December, Refund of Rs3.9 Billion Proposed

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K-Electric1

Islamabad – Public sector power companies have proposed a Rs1.04 per unit negative fuel cost adjustment (FCA) for electricity consumed in December 2024, potentially refunding Rs3.9 billion to consumers in February if approved by the National Electric Power Regulatory Authority (Nepra). The Central Power Purchasing Agency (CPPA) filed the petition, highlighting a 1.3% year-on-year increase in power demand and a 13% reduction in fuel costs compared to December 2023. The petition attributes this reduction to a higher base tariff implemented in July 2024 and increased reliance on domestic fuel sources,…

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ECC Approves Winter-Based Power Tariff Re-Basing Amid Regulatory Concerns

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Power-sector

Islamabad – The Economic Coordination Committee (ECC) of the cabinet has endorsed a proposal to shift the annual electricity tariff re-basing timeline from July 1 to January 1, aiming to alleviate consumer burden during high-consumption summer months. The power division’s proposal seeks to stagger the cumulative impact of quarterly tariff adjustments (QTAs), fuel cost adjustments (FCAs), and annual tariff revisions into low-consumption winter months. However, National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar cautioned that implementing the proposal by January 2025 would be impractical due to legal and regulatory…

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Pakistan Shines as a Global Mining Powerhouse at FMF 2025

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New-Projec

Riyadh – Pakistan made a resounding impact at the Future Minerals Forum (FMF) 2025, highlighting its vast, untapped mineral wealth and positioning itself as a premier destination for global mining investments. The delegation’s session commenced with the screening of Beneath the Surface: Pakistan’s Mining Renaissance, a compelling documentary that showcased the country’s rich reserves of gemstones, non-metallic minerals, industrial minerals, metals, and rare-earth elements. A high-profile panel discussion titled Pakistan: The Mineral Marvel – Unlocking the Future of Mining followed, moderated by Mr. Imran Abbasy, Managing Director of Pakistan Petroleum…

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Murad invites private sector to invest in livestock, fisheries for substantial returns3-day livestock expo at Expo Centre inaugurated

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New-Project

KARACHI (Jan 12): Sindh Chief Minister Syed Murad Ali Shah, speaking at the inauguration ceremony of the Livestock Expo, highlighted the opportunities available in agriculture, livestock, and fisheries, which possess immense potential for growth and innovation. The three-day Livestock Expo 2025 (from Jan 17 to 19) is organised by the Livestock & Fisheries Department in collaboration with the Agriculture Department, Sports & Youth Affairs Department, Culture, Tourism & Antiquities Department, KMC, and the Commissioner of Karachi. The event was attended by Minister for Livestock & Fisheries Mohammad Ali Malkani (the…

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