PPL: A rich legacy rejuvenated

Karachi: Pakistan Petroleum Limited (PPL), a frontline Exploration and Production (E&P) company for seven decades, has played a key role in providing energy for the country with a current contribution of more than 20 percent to national gas supplies. “The company’s over a 100-year rich history is linked with its… Continue reading

NEPRA NOTICE TO SUBMIT COMMENTS IN THE MATTER OF AUTHORITY PROPOSED MODIFICATION (APM) IN THE EXISTING DISTRIBUTION LICENSE OF K-ELECTRIC LIMITED (KEL)

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) member of Federation of Pakistan Chambers of Commerce & Industry (FPCCI)  along with allied industrial partners, has expressed concern over short notice of three days given by National Electric Power Regulatory Authority (NEPRA) to General Public to submit comments in the matter of… Continue reading

Pakistan’s natural gas demand to cross 7.0 BCF mark by 2030

KARACHI: The State of the Regulated Petroleum Industry Report FY 2018-19 issued by Oil & Gas Regulatory Authority (OGRA) has estimated Pakistan’s gas demand to surpass 7.0 billion cubic feet/day (BCF) mark by 2030. “The gas utility companies have added more than 0.5 million domestic, commercial and industrial consumers, in… Continue reading

National Financial Literacy Program milestones achieved: SBP

The National Financial Literacy Program (NFLP) of the State Bank of Pakistan (SBP) completed its third year at the end of FY20 with all the targets surpassing for the fiscal year, despite the outbreak of COVID-19 pandemic since March 2020. In order to address the challenge of financial exclusion, the… Continue reading

Siraj Teli, Agha Shahab slam govt. for being powerless against KE PM appealed to intervene, quickly resolve load shedding issue

KARACHI: Chairman Businessmen Group (BMG) & Former President KCCI Siraj Kassam Teli and President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan have appealed Prime Minister Imran Khan to immediately intervene and take strictest notice of the widespread protests and sit-ins being carried out by every single… Continue reading

Prime Minister should deregulate petrol prices – Malik Khuda Bakhsh

This will ensure cheap fuel supply, Station owners: Karachi: Petroleum stations owners and dealers have urged the Government to regulate the rates of petrol. Malik Khuda Bakhsh, Leader of Station Owners, requested Prime Minister Imran Khan to deregulate petrol and diesel prices to provide benefits to consumers and end the… Continue reading

NEPRA takes notice of un-scheduled load shedding and issuance of excessive bills by K-Electric

KARACHI: National Electric Power Regulatory Authority (NEPRA) has taken notice of the news appearing in media regarding excessive and un-announced load shedding by K-Electric in Karachi. Besides, it has come to knowledge of the Authority through Media reports that inflated electricity bills are being charged to the consumers of K-Electric…. Continue reading

Gas tariff hike by OGRA will be illegal As per OGRA law, Govt cannot reduce or increase gas price

The All Pakistan CNG Association (APCNGA) on Wednesday rejected the move by the SNGPL to increase the price of natural gas terming it unacceptable as it will damage the fragile economy. Seeking at a public hearing organized by OGRA, Ghiyas Abdullah Paracha, Central Chairman APCNGA said that the earlier price… Continue reading

Subsidy to K-Electric consumers reduced 57pc to Rs25.5bn

KARACHI: The federal budget 2020-21 has proposed 57 percent reduction in subsidy to K-Electric consumers for the upcoming year to Rs 25.5 billion compared with Rs59.5 billion allocation for the current year. Government has allocated Rs10 billion to pick up K-Electric’s tariff differential for 2020-21, which was fixed at Rs25… Continue reading

LPG supply and distribution infrastructure attract Rs3.72bn investment in 9 months

KARACHI: The liquid petroleum gas (LPG) supply and distribution infrastructure attracted an investment of Rs3.72 billion during July-March 2019-20, as LPG marketing companies are undertaking expansion, Economic Survey of Pakistan noted. LPG plays an important role in the energy mix of Pakistan as it provides a cleaner alternative to biomass-based… Continue reading