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ISLAMABAD: In a dramatic move, the Alternate Energy Development Board (AEDB) on Wednesday approved issuance of letters of support (LoS) to 11 wind power projects having a total generation capacity of 550 megawatts. Prime Minister Imran Khan had expressed displeasure over reluctance of the Ministry of Energy to go ahead...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday allowed Rs1.83 per unit increase in electricity tariff under monthly fuel adjustment for electricity consumed in September to generate Rs24 billion revenue to ex-Wapda distribution companies (Discos). The decision was taken at a public hearing presided over by regulator’s member...
ISLAMABAD: A coal power plant of 300 megawatts under the China-Pakistan Economic Corridor (CPEC) framework came online in Balochistan on Monday as the $60 billion worth of Chinese-funded projects entered the second stage of agriculture cooperation and industrial development. Minister for Planning, Development and Reform Khusro Bakhtyar and National Development...
ISLAMABAD:  The National Electric Power Regulatory Authority (Nepra) on Tuesday approved an increase of Rs1.826 per unit to power consumers on account of monthly fuel adjustment following electricity generation produced through expensive furnace oil. In a statement, the authority said Rs 0.5462 has been deducted on account of Residual Fuel Oil...
ISLAMABAD:  Liquefied natural gas (LNG) prices have come down and are falling continuously. Although current summer prices have a seasonal effect, there appears to be a constant trend as well. Several policy issues have emerged in importing countries in the region which include whether long-term LNG supply contracts are advisable and...
ISLAMABAD:  The National Electric Power Regulatory Authority (Nepra) on Wednesday refused to pass on Rs2.97 per unit increase to power consumers on account of monthly fuel adjustment following electricity generation produced through expensive furnace oil. The power producers had caused additional burden of over Rs7 billion on power consumers due to...
ISLAMABAD: The government on Wednesday approved a temporary reduction in electricity tariffs by almost half for a small segment of domestic and commercial consumers on their incremental consumption during winter and also allowed the release of wheat stocks to provinces to meet their needs. ECC The Economic Coordination Committee (ECC) of...
ISLAMABAD: In a major move, the Power Division is seeking an end to the existing minimum guaranteed annual Liquefied Natural Gas (LNG) offtake to facilitate privatisation of $2 billion power plants in Punjab amid strong resistance from state-owned oil and gas companies. Top government officials confirmed to Dawn that three major oil...
ISLAMABAD:  The government of Pakistan Tehreek-e-Insaf (PTI) is likely to shelve a plan for installing expensive liquefied petroleum gas (LPG)-air mix plants connected to networks of public gas utilities, officials say. The setting up of LPG-air mix plants was approved by the previous government of Pakistan Muslim League-Nawaz (PML-N) in a...
KARACHI  : Prime Minister Imran Khan was reportedly misinformed about the presence of natural gas reserves near Karachi coast as there is a 86% chance that the expected reserves – called Kekra-I – would not be found under the surface of the sea. The project entails a cost of Rs124 billion...

Opinion

billions tax

Tax plans san debate!

According to a Press report, Chairman Federal Board of Revenue (FBR), Shabbar Zaidi, has shown flexibility over establishment of Pakistan Revenue Authority (PRA) after...