Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Total electricity generation during May 2019 registered 4.0 percent YoY increase to 12,604 Gwh against 12,118Gwh in the corresponding month of last year, as per latest data released by…
KARACHI: An agreement was signed between a consortium of 12 banks on Thursday, whereby it was decided that banks would provide Rs159 billion to subscribe to the second Rs200 billion…
KARACHI: Reon Energy Limited Monday announced the commissioning of its latest 12.5 MW captive solar power project at Fauji Cement Company Limited (FCCL) in Jhang Bahtar, Punjab. The proposed move…
KARACHI: The 17th International exhibition for oil, gas & energy industry-POGEE-2019, is to be scheduled from 20th to 22th, June, 2019, at Expo Centre, Karachi with 30 countries to participate…
KARACHI: The National Electric Power Regulatory Authority (NEPRA) would take up the petitions of Gul Ahmed Energy and Tapal Energy on June 18, 2019; as both the independent power producers…
KARACHI: The rate of tax on dividend distributed by power generation companies is proposed to be enhanced to 15 percent from existing 7.5 percent, suggests Finance Bill 2019. Applicable tax…
KARACHI: The All Pakistan CNG Association (APCNGA) on Wednesday sought reversal of proposal of the government to increase customs duty on the import of LNG terming it against the interests…
KARACHI: The government has decided to revise prices of petroleum products for the month of June 2019. The decision comes despite the fact Brent Crude prices have fallen 15% from…
KARACHI: The 660MW Unit 2 of the China Power Hub Generation Company (CPHGC) 2 x 660 MW coal-fired power plant was successfully synchronized with the national grid of Pakistan on…
KARACHI: As per the National Electric Power Regulatory Authority’s (NEPRA) tariff terms and conditions notified in SROs dated May 22, 2019, issued by the Ministry of Energy (Power Division), electricity…
KARACHI: Metro Cash & Carry Pakistan has entered into a long term Power Purchase Agreement (PPA) with Shams Power to install and operate solar power plant at their stores all…
KARACHI: The overall electricity generation surged 9.0 percent YoY in April 2019 to 9,717GWh, data released by National Electric Power Regulatory Authority (NEPRA) suggests. “The increase in production is mostly…
KARACHI: Pakistan LNG Limited (PLL) has invited tenders for international bidders for spot purchase of liquid natural gas (LNG) for three months (July-September) amidst on-going price negotiation with Qatar for…
KARACHI: The joint venture of Nim block comprising Oil and Gas Development Company Limited (OGDCL) and Government Holding Private Limited (GHPL) has discovered gas and condensate from its exploratory cum…
KARACHI: K-Electric continues to remain committed to energizing Bin Qasim Industrial Park (BQIP), but the terms and conditions stipulated in the Memorandum of Understanding (MoU) signed with National Industrial Parks…
KARACHI: Port Qasim Electric Power Company (PQEPC), the first power project under China Pakistan Economic Corridor (CPEC), is facing a liquidity crunch as its accumulated receivables have reached $150 million…
Karachi: In response to a query about power supply status in Karachi during Ramadan, K-Electric shared that it is committed to provide maximum relief to its customers.Spokesperson KE said that…
KARACHI: According to the latest numbers revealed by the Oil Companies Advisory Committee (OCAC), volumetric sales for both black and white oil declined during 10MFY19 (July-April 2018-19) with overall oil…
KARACHI: The Central Power Purchasing Agency (CPPA) has approached National Electric Power Regulatory Authority (NEPRA) seeking approval for the market operation fee of Rs2.3812/kW/month to meet its revenue requirements for…
KARACHI: During April 2019, Gross Refining Margins (GRMs) averaged US$9.56/bbl, marking an increase of US$2.07/bbl or 29 % YoY. GRMs during the month trended upwards as Motor Gasoline (MS) and…