Fawad Yousafzai

  • Islamabad-National Electric Power Regulatory Authority (NEPRA) noted that delay in commissioning of K-Electric’s (KE) Bin-Qasim Power Station-III has caused loss of billions of rupees, making the power sector of Pakistan and electricity consumers to suffer badly. Most of the power plants ...

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  • ISLAMABAD - The government exchequer and the end electricity consumers had been burdened with an additional Rs1.4 trillion on account of capacity payments, T&D losses, underutilization of efficient power plants, fuel shortage etc during FY2021-22.The receivables of the Ex-WAPDA Distribution ...

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  • ISLAMABAD-National Electric Power Regulatory Authority has allowed reduction of Rs4.87/unit in K-Electric’s electricity tariff on account of fuel charges adjustment (FCA) for month of August 2022.In a public hearing, on the KE’s petition, presided over by Chairman NEPRA ...

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  • ISLAMABAD-National Electric Power Regulatory Authority (Nepra) on Thursday approved an increase of Re0.20 per unit in power tariff for the ex-WAPDA Discos (XWDiscos) on account of FCA for August 2022.During a public hearing, on monthly FCA for XWDiscos, National Power Construction Company (NPCC) ...

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  • ISLAMABAD-The Indus River System Authority (IRSA)’s advisory committee has approved an anticipated water shortage of 18 percent for the provinces during the upcoming Rabi season (2022-23).IRSA Advisory Committee (IAC), which met here to approve the Rabi 2022-23 anticipated water availability ...

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  • ISLAMABAD-Federal Minister for Planning Ahsan Iqbal Wednesday directed Ministry of Industries to ensure the reduction of Rs20 per kg in the prices of Ghee/edible oil within the next one month.The minister for planning, development and special initiatives issued these directives while chairing a ...

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  • ISLAMABAD    -   The stakeholders have rejected the Nepra move to downward revise solar net metering rate to Rs 9 per unit from the existing Rs19.32 per unit, arguing the regulator is not legally authorised to change the tariff during the term of agreement/licence. The ...

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  • ISLAMABAD-Auditor General of Pakistan has recommended the closure of two projects, CPEC Support Project and Development Communication Project, costing around Rs 1.4 billion, under the Ministry of Planning. Since the China Pakistan Economic Corridor Support Project (CPECSP) is not achieving its ...

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  • Islamabad - The government is considering to retire 8,021MW thermal based power plants within next one decade and is planning to add around 36,000MW into the system during the same period.According to Indicative Generation Capacity Expansion Plan 2022-31 (IGCEF 2022-31), Net Present Value (NPV) ...

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  • ISLAMABAD    -   Pakistan Institute of Develop­ment Economics (PIDE) has said that power distribution compa­nies (DISCOs) are corporatized but only on paper and remarked that over the years, the govern­ment’s footprint on the sector has become more ...

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  • Islamabad-The Indus River System Authority (IRSA) has convened the meetings of technical and advisory committees, this week, to finalise the anticipated water availability plan for the upcoming Rabi season.Meeting of the IRSA’s technical committee will be held today (Monday), while meeting of ...

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  • ISLAMABAD-The production of indigenous gas has declined by over 6 percent in 2020-21 from 2019-20, while its consumption has gone up by over 5 percent during the same period. The production of indigenous gas has declined by over 6pc to 2,006 MMCFD in 2020-21 from 2,138 MMCFD during 2019-20, ...

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  • ISLAMABAD-Petroleum Division secretary has said that there is no plan of imposing general sales tax on petroleum products at this stage, however Petroleum Levy will be jacked up to Rs50/litre by April next year. The Senate Standing Committee on Petroleum, which met under Senator Abdul Qadir, ...

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  • ISLAMABAD-The GDP growth rate is likely to go down to 2 percent during the current fiscal year as the government assumes that the flood damage and reconstruction efforts may cost $ 30 billion. According to preliminary estimate, the GDP growth rate may remain 2 percent during FY2022-23, which ...

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  • ISLAMABAD-World Bank’s Regional Vice president for South Asia, Martin Raiser has said that the bank has a huge portfolio in Pakistan as the bank plans to provide flood related support of up to $ 1.7 billion through existing and new projects.World Bank’s Regional Vice president for South ...

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  • ISLAMABAD-The governments of Japan and Pakistan have agreed on debt deferral amounting to approximately $160 million under the last phase of the G20 Debt Service Suspension Initiative (DSSI). Prior to this, both governments agreed on the first debt deferral amounting to approx. $370 million on ...

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  • ISLAMABAD-Amidst a continuous denial from the Ministry of Energy over making any change to the net metering rates, National Electric Power Regulatory Authority has announced to hold hearing on downward revision of the tariff by almost 53pc.The National Electric Power Regulatory Authority has ...

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  • ISLAMABAD-The K-Electric’s consumers are likely to get a relief of over Rs 7.217 billion in their next bills as the company has sought reduction of Rs 4.211 per unit in tariff on account of fuel charges adjustment (FCA) for the month of August.In a petition submitted to NEPRA, K-Electric has ...

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  • ISLAMABAD - The federal government has sacked the chief executive officers (CEOs) of Peshawar Electricity Supply Company (Pesco) and Hyderabad Electric Supply Company (Hesco). The removal of the remaining 8 chief executive officers is also on the cards, official source told The Nation. The ...

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  • ISLAMABAD   -   The move of National Electricity Power Regulatory Authority (NEPRA) move to amend the Distributed Generation and Net Metering Regulations, 2015 to reduce the payment for distributor generator of net metering by almost 30pc is likely to dent the incumbent ...

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  • ISLAMABAD - The cost of Lowari Tunnel Project has escalated to Rs 46 billion which is 475 percent higher than the original PC-I cost approved in 2004.The original PC-I of Lowari Road Tunnel & Access Roads Project, which was approved in 2004, has been revised three times and the cost has ...

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  • ISLAMABAD   -   The power consumers will pay an additional Rs70 billion in their next monthly bills as National Elec­tric Power Regulatory Authority (NEPRA) has al­lowed ex-WAPDA distribution companies (XWDis­cos) another hike of Rs 4.34/unit on account of monthly ...

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  • ISLAMABAD - The government has withdrawn one previous slab benefit for the electricity consumers, which has resulted in abnormal increase in tariff.One of the reasons for inflated electricity bill received by the consumers is the hidden withdrawal of one previous slab benefit by the government for ...

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  • ISLAMABAD   -   Pakistan Institute of Develop­ment Economics (PIDE) has predicted that indigenous oil reserves will be exhausted by 2025; however, current gas re­serves will last for maximum of 15 years. Oil and Gas Regulatory Author­ity (OGRA) remained hostage to ...

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  • ISLAMABAD   -   National Electric Power Regulatory Authority (NEPRA) has allowed Khy­ber Pakhtunkhwa and Punjab, 5pc annual indexation of Net Hydel Profit (NHP) over the rate of Rs. 1.1 0/unit. The decision will increase the Net Hydel Profit (NHP) from Rs. 1.10/unit to Rs 1.40/unit ...

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  • ISLAMABAD    -   The federal government is like­ly to impose a cut of up to Rs 100 billion on the Public Sec­tor Development Programme (PSDP) 2022-23. To help the flood affected areas with ad­ditional funds, the Plan­ning Commission is evolv­ing mechanism for ...

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  • Islamabad - Oil and Gas Regulatory Authority (OGRA) has swung into action after the complaints that LPG mafia has started selling the liquefied petroleum gas on an exorbitant price of up to 90 percent higher than OGRA’s determined rates for September.LPG is being sold at Rs300 to Rs360 per ...

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  • Islamabad - National Electric Power Regulatory Authority (NEPRA) is all set to allow power distribution companies (Discos) to raise another tariff hike of Rs3.39 per unit, on account of quarterly adjustments, from October 1.The new increase in tariff will empower ex-WAPDA Discos to transfer an ...

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  • Islamabad - Oil and Gas Regulatory Authority (OGRA) has swung into action after the complaints that LPG mafia has started selling the liquefied petroleum gas on an exorbitant price of up to 90 percent higher than OGRA’s determined rates for September. LPG is being sold at Rs300 to Rs360 per ...

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  • Islamabad - National Electric Power Regulatory Authority (NEPRA) is all set to allow power distribution companies (Discos) to raise another tariff hike of Rs3.39 per unit, on account of quarterly adjustments, from October 1. The new increase in tariff will empower ex-WAPDA Discos to transfer an ...

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