Category: Uncategorized

PM seeks plan to provide relief to consumers in electricity bills within 48 hours

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Anwaarul-Haq

ISLAMABAD/ LAHORE :Caretaker Prime Minister Anwaarul Haq Kakar on Sunday instructed relevant authorities to formulate concrete measures within the next 48 hours aimed at reducing burden on the masses amid a public outcry over astronomical electricity bills. The prime minister had called an emergency meeting, which lasted for nearly two hours, in a bid to address the complaints about excessive electricity bills. During the meeting, representatives from energy and electricity-related ministries participated. A detailed briefing on electricity transmission and tariffs was provided by the power ministry.

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PSO posts Rs4.6bn loss in 4QFY23

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Pak-state

KARACHI: The bottom line of Pakistan State Oil (PSO) turned negative in the last quarter of 2022-23 as its unconsolidated loss amounted to Rs4.6 billion versus a three-month profit of Rs21.4bn a year ago. In the preceding quarter of January-March, the state-owned oil marketing company recorded a net profit of Rs13.6bn. As a result, PSO’s earnings totaled Rs5.6bn in 2022-23, down 93.4pc from the preceding fiscal year, the company told investors on Wednesday. The company also announced a final cash dividend of Rs7.50 per share. According to AKD Securities, the…

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Waseem Mukhtar new Nepra chairman

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

Waseem Mukhtar has also served as Additional Secretary Power Division ISLAMABAD: Waseem Mukhtar, Special Secretary Cabinet Division, has been selected as the Nepra chairman for four years. Waseem Mukhtar, who also served as Additional Secretary Power Division, played an important role in coping with the power sector challenges, top sources in the PM Secretariat and Cabinet Division told The News. “The selection committee, headed by Federal Minister for Economic Affairs Division Sardar Ayaz Sadiq, finalised three names with Wasim Mukhtar on the top. The prime minister has approved his name…

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Neelum Jhelum Hydropower Project Resumes Electricity Generation Federal Minister for Water Resources inaugurates electricity resumption

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electricity-generation

August 9, 2023: Subsequent to completion of restoration works in the tail race tunnel, Neelum Jhelum Hydropower Project has resumed electricity generation. Federal Minister for Water Resources Syed Khursheed Ahmed Shah visited Neelum Jhelum Hydropower Project and resumed the electricity generation by pressing the button. He also unveiled a plaque to mark resumption of electricity generation from the project. At present, Neelum Jhelum Hydropower Project is providing 969 MW to the National Grid. The Federal Minister had a detailed visit of the Control Room and the Power House.  Federal Secretary…

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