SITE President terms gas rate hike unviable for SMEs
KARACHI: President, SITE Association of Industry Muhammad Kamran Arbi, has termed the current gas rate hike disastrous & unviable for SMEs (Small & Medium Enterprises) that form the backbone of…
CCP APPROVES TWO MERGERS FACILITATING FDI INFLOW
ISLAMABAD: The Competition Commission of Pakistan (CCP) has given the green light to two mergers, paving the way for Foreign Direct Investment (FDI) and the potential mitigation of Pakistan’s gas…
Pakistan’s power generation drops by 9.5% in FY23
KARACHI: Pakistan’s power generation witnessed a sharp decline of 9.5% year-on-year (YoY) in fiscal year 2022-23 (FY23), according to the latest data released by the National Electric Power Regulatory Authority…
PSO holds corporate briefing session to discuss 9MFY23 results and future outlook
Pakistan State Oil Company Limited (PSO), the country’s largest oil marketing company, held a corporate briefing session on 22nd June 2023 to discuss its financial performance of 9MFY23 and future…
Agreement of K-Electric and the Govt of Sindh for the coal powered generation was a long standing demand, KATI
Relying on coal and renewable energy instead of expensive RLNG is inevitable, President Faraz-ur-Rehman: Karachi: President of the Korangi Association of Trade and Industry (KATI), Faraz-ur-Rehman, expressed gratitude for the…
KCCI demands immediate restoration of RCET for electricity, natural gas, RLNG
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…
NEPRA Concludes hearing on K-Electric’s Request for September’s Reduced FCA
A public hearing was held today by the NEPRA Authority over the petition submitted by K-Electric for Fuel Charges Adjustments (FCA) for the month of September 2022. K-Electric filed a…
Gas Subsidy to Captive Power Discriminatory and Unjust: Industrial Associations
Eight industrial associations of Karachi collectively denounced the decision to supply Captive Power Plants with subsidized indigenous gas, terming it a violation of the Gas Allocation Policy 2018. They revealed…
VALUE-ADDED TEXTILE INDUSTRIES COMPELLED TO CLOSURE & SHIFT ABROAD OWING TO DISCRIMINATORY POLICIES & NEGLECTED CONDUCTED BY THE GOVERNMENT
The Value-Added Textile Export Industries of Karachi are deeply shocked and totally disappointed with the sitting Government for utter silence, indecisiveness and no response towards the appeal and SOS calls…
Trade Associations Demand Govt To Ensure Affordable Electricity in Karachi
The representatives of eight trade and industrialists’ associations hold a joint press conference at Karachi Press Club urging the government for its immediate intervention in ensuring affordable electricity to industries…
Fuel adjustment: Businessmen oppose shifting of power inefficiencies’ burden to consumers
Karachi: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Monday condemned the National Electric Power Regulatory Authority (NEPRA) to raise power tariff by Rs4.3 per…
Businessmen condemn NEPRA for shifting power inefficiencies burden to consumers
The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has condemned the National Electric Power Regulatory Authority (NEPRA) to raise power tariff by Rs4.3 per unit in…
Power generation up 2.0 percent in five months
KARACHI: Power generation during 5MFY21 (July-November 2020) inched up 2.0 percent to 60,077 GWh, regulator data suggests. The highest growth of 22.3 percent was seen in Furnace Oil (FO) based…
OGRA approves K-Electric’s pipeline for transmission of RLNG
KARACHI: Oil and Gas Regulatory Authority (OGRA) has approved K-Electric’s application for a license to construct and operate a gas pipeline, that will supply Re-gasified Liquefied Natural Gas (RLNG) for…
K-Electric delegation meets with SITE Superhighway Association to address ongoing and upcoming needs
Karachi: A K-Electric delegation headed by CEO Moonis Alvi along with members of the leadership team met with the S.I.T.E. Superhighway Association of Trade and Industries Karachi on Thursday as…
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…
K-Electric is committed to industrial growth and Karachi
Karachi: K-Electric has been in close contact with the leading business associations and entities of Karachi since beginning of COVID-19 and resulting lockdown. KE representatives had these meetings to highlight…
No load shedding in industries during summer KE plans to meet demand & supply requirements
KARACHI: High official’s delegation from K-Electric, led by Director External Affairs Asmer Naeem, visited SITE Association of Industry, and had meeting with office bearers of the Association to discuss issues…
OGRA notifies up to 22pc reduction in RLNG prices
KARACHI: The Oil and Gas Regulatory Authority (Ogra) on Thursday notified a reduction in prices of re-gasified liquefied natural gas (RLNG) for May 2020. The oil and gas regulator set…
GasPort LNG Terminal achieves ISO certifications
KARACHI: Pakistan GasPort Consortium Limited (PGPCL), which owns LNG storage and regasification terminal at Port Qasim, has received ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications by Bureau Veritas Certification…