Energy

The Oil and Gas Regulatory Authority (OGRA) announced a reduction in POL prices for the first fortnight of March on Friday night, according to an official statement from the Finance Ministry. As per the statement, fuel prices have been further reduced for the initial two weeks of March. The revised …

The National Assembly’s Standing Committee on Power was informed that the government has discontinued capacity payments to 22 Independent Power Producers (IPPs). This decision is expected to result in an overall saving of Rs 1500 billion, providing consumers with relief of Rs. 4 to 5 per unit. The meeting of …

The Audit officials on Tuesday disclosed in the Public Accounts Committee (PAC) that 152 employees were found involved in overbilling within the Multan Electric Power Company (MEPCO). However, despite their involvement, they were only issued warnings and not penalized. During the PAC meeting, chaired by Junaid Akbar, it was further …

Energy Minister Awais Leghari has reiterated that there was never any intention to impose a tax on solar energy, nor will there be in the future. He also indicated that electricity prices could see further reductions and assured that even feeders prone to electricity theft would receive power during Sehri …

Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan is expected to receive $1 billion from the International Monetary Fund (IMF) under the climate fund. To discuss this initiative, an IMF delegation is scheduled to visit Pakistan on February 24. During an informal conversation with journalists in Islamabad, the …

The Capital Development Authority (CDA) has expressed concerns over a potential water shortage in the federal capital. A meeting of the Senate Standing Committee on Housing was held under the chairmanship of Senator Nasir Butt, where the CDA briefed the committee on the water supply situation in Islamabad. Officials informed …

The Oil and Gas Regulatory Authority (OGRA) on Saturday night has announced a reduction in POL prices for the next fortnight of February, said an official statement of the Finance Ministry. According to a statement, the new prices for the remaining two weeks of February, the POL prices have been …

Aftab Maken The China-Pakistan Economic Corridor (CPEC) began its first phase in Pakistan with the primary objective of improving the country’s infrastructure. Alongside this, it also played a crucial role in addressing Pakistan’s energy shortages. Under CPEC, direct and indirect Chinese investments transformed Pakistan’s energy landscape, turning a deficit into …

The National Electric Power Regulatory Authority (NEPRA) has approved a national average uniform decrease of Rs 1.23 per unit in the Fuel Charge Adjustment (FCA) for DISCOs for December 2024 and a similar Rs 1.23 per unit FCA reduction for K-Electric for November 2024. According to NEPRA’s determination, the actual …

The government’s new Electric Vehicle (EV) Charging Stations Policy has caused confusion among investors instead of providing the intended facilitation. This issue came to light during a public hearing conducted by NEPRA regarding the establishment of EV charging stations across the country, which aimed to streamline the charging process for …