Pakistan Customs, Tax, Shipping & Business News Resource
Electricity Price Should Be Set at 9 Cents Per Unit, Electricity Market Should Be Established: President KATI: KARACHI: President of Korangi Association of Trade and Industry (KATI), Johar Qandhari, has…
Karachi: The Korangi Association of Trade and Industry (KATI) has welcomed Prime Minister Shehbaz Sharif’s recent decision to reduce electricity tariffs for industries by PKR 10.69 per unit and cut…
KARACHI: President Federal B Area Trade and Industry Syed Raza Hussain demanded that the government should provide a subsidized electricity tariff to Small and Medium Sized Enterprises (SMEs) of the…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing deep concerns over withdrawal of Regionally Competitive Energy Tariffs (RCET) earlier on electricity and now abruptly…
KARACHI: The Federal Board of Revenue (FBR) has notified the Pakistan Tanners Association (PTA), Pakistan Knitwear & Sweater Exporters Association (PAK-SEA), Towel Manufacturers’ Association of Pakistan (TMA), All Pakistan Bedsheets…
KARACHI: K-Electric (KE) has energized a dedicated 12-megawatt grid along with a dedicated 132kV electricity distribution system to facilitate Getz Pharma’s new manufacturing/production facility in Korangi industrial area. The ceremony…
WELLINGTON: Trustpower Limited, a New Zealand electricity generation and electricity retailing company, has reached an unconditional agreement with Financial Corporation Limited (FCL) for the sale of its electricity meter assets…
AUCKLAND: Mercury NZ Limited has amended its contracts with Vestas to complete New Zealand’s largest wind farm at the Turitea site near Palmerston North. Mercury’s Chief Executive, Fraser Whineray, announced…
KARACHI: The National Electric Regulatory Authority (NEPRA) has granted transmission license to Sindh Transmission & Dispatch Company (Private) Limited (ST&DCPL) to act as provincial grid company for the province of…
KARACHI: K-Electric is committed towards Karachi and its growth with an investment of $3 billion over the next four years including the 900 MW RLNG-based BQPS-III, a 700 MW coal-based…
KARACHI: Pakistan’s overall electricity generation during September 2019 surged 9.0 percent to 13,621Gwh compared with 12,552Gwh generated during the same month last year, latest data released by National Electric Power…
HARBIN: K-Electric has awarded the contracts to global technology powerhouse Siemens AG and Chinese construction contractor(s) Harbin Electric for a 900MW Combined Cycle Power Plant and associated grids at Bin…
LONDON: Good Energy Group PLC, the 100% renewable electricity supplier and innovative energy services provider, announced an agreement with Kraken Technologies Ltd, part of Octopus Group for the provision of…
SYDNEY: Cleanaway Waste Management Ltd announced plans to develop energy from waste project in Western Sydney. The project will utilise leading European technology that will convert waste from households and…
KARACHI: Pakistan’s overall electricity generation surged 3.0 percent to 14,231 Gwh in July 2019 as against 13,751 Gwh in the corresponding period last year, data released by the National Electric…
KARACHI: Federal Board of Revenue has advised Inland Revenue Chief Commissioners to ensure that gas and electricity companies collect sales tax from hospitals as the exemption is withdrawn. FBR in…
KARACHI: The National Electric Power Regulatory Authority (NEPRA) has noted with concern that during FY2017-18, distribution companies (DISCOs) contributed the loss of more than Rs45 billion on account of transmission…
KARACHI: Hub Power Company Limited (HUBCO) has raised Rs7.0 billion in the country’s largest ever right issue at Pakistan Stock Exchange (PSX). The right issue is priced at Rs50/ share…
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday approved an increase of 10 paisa per unit in tariff for consumers of Distribution Companies for May 2019 under monthly fuel…
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…