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Tuesday, November 20, 2018
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ISLAMABAD:  Pakistan’s anti-trust watchdog has declared the liquefied natural gas (LNG) deal with Qatar as “non-transparent”, saying the agreement has been struck at rates that are higher than India’s, putting the government under pressure which has, of late, maintained silence on the issue. In its detailed ‘Competition Assessment Study of LNG’,...
ISLAMABAD: Appreciating the role of China-Pakistan Economic Corridor (CPEC) in addressing energy shortages, the International Monetary Fund (IMF) has asked the government to give up its powers on notification of electricity rates, determined by the National Electric Power Regulatory Authority (Nepra), as a key tool to end repeated emergence...
ISLAMABAD:  The government on Wednesday changed the scope of Diamer-Bhasha dam project, just six months after its approval by the highest forum, and made a mini-dam part of the scheme, which would push its overall cost to Rs480 billion. The Executive Committee of the National Economic Council (Ecnec), the highest project...
ISLAMABAD:  The National Electric Power Regulatory Authority (Nepra) has allowed an increase of Rs0.41 per unit in the tariff of power distribution companies on account of fuel cost adjustment for October 2018. The decision was taken by Nepra at a public hearing of a petition filed by the Central Power Purchasing...
ISLAMABAD: The government will announce the new petroleum policy in the last week of the current month after completing necessary consultations with the provinces. “As per vision of Prime Minister Imran Khan, the government is working on drafting of petroleum policy." It will be a uniformed policy, which will bring a...
The recently released power generation data by Nepra comes as a surprise. In October, 2018 there was a 5.9 percent fall in generation on a year-on-year basis which comes off across as puzzling because of the significantly more installed capacity available in the system. Why then has there been lower...
Over the last 10 years, erratic weather patterns have made developing countries feel the impact of climate change. It is true that second-world economies sought relaxations from emissions target at the Paris Conference. Yet, thanks to civil society led pressure; protecting deteriorating environment has taken precedence over playing catch-up...
ISLAMABAD:  The National Electric Power Regulatory Authority (Nepra) has taken serious notice of a major power breakdown in Karachi, which occurred on November 12, 2018, and directed K-Electric (KE) to provide a detailed report immediately. According to media reports, the city witnessed another major breakdown in the early hours of November...
KARACHI: The National Electric Power Regulatory Authority (Nepra) is likely to withdraw upfront tariff awarded to capital power plants of sugar mills in line with the regulator’s plan to implement the competitive bidding mechanism. “Keeping in view the changed dynamics of the electricity power market, the Nepra is considering withdrawing...
Petroleum Minister Ghulam Sarwar Khan, in his first meeting with his ministry officials, said something very seminal about the current petroleum pricing policy. He said high-speed diesel (HSD) should be cheaper than gasoline (petrol). I have long held this opinion but did not speak vehemently due to revenue constraints faced...

Opinion

Economy

Daronomics and its aftershocks

The former Finance Minister Ishaq Dar has finally come out to share his side of the story on what went wrong with the economy....