The Oil and Gas Regulatory Authority (OGRA) has approved revised gas prices for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL), though the changes require final approval from the federal government. A summary outlining the proposed adjustments has been forwarded for their consideration. According to the …
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IslamabadA high-level delegation from Deloitte Advisory US, led by Richard Longstaff, met with Federal Minister for Petroleum, Ali Pervaiz Malik, at the Ministry of Petroleum in Islamabad today. The focus of the meeting was to strengthen collaboration and explore avenues of cooperation to benefit from Deloitte’s strategic advisory services for …
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The Ministry of Energy on Monday received a poor response from the private sector in its latest attempt to sell three government-owned power plants commonly known as GPPs, receiving a bid for only one of the facilities. State-run power generation companies (GENCOs) have now initiated the second phase of a …
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Aftab Maken The National Electric Power Regulatory Authority (NEPRA) has directed the Power Division to address the concerns of the industrial sector regarding inconsistent power supply. Due to frequent disruptions in grid electricity, many industries are now seriously considering reverting to Captive Power Plants (CPPs), despite their higher operational costs. …
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Despite the loss of hundreds of lives in LPG-related explosions across Pakistan, the Ministry of Law and Justice has yet to clear the long-pending LPG Industry Amendment Bill proposed by the Oil and Gas Regulatory Authority (OGRA). The bill, which aims to enforce strict penalties and ensure public safety, has …
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The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL), in its meeting held on Saturday, April 26, 2025, in Lahore, recommended a final cash dividend of Rs 7.50 per share (equivalent to 75%) for the year ended June 30, 2024.During the meeting, the Board also approved the Annual …
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In the first 13 months of the Pakistan Muslim League-Nawaz (PML-N) government’s tenure, the circular debt in the power sector has decreased by Rs 283 billion. According to documents of the Power Division, the circular debt in the power sector was reduced by this amount, reaching Rs 2,396 billion between …
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A consortium of 15 banks has agreed to lend the federal government Rs 1,272 billion to help eliminate further piling up of circular debt in the power sector. According to details, the consortium is prepared to provide the loan at an interest rate 0.9% lower than the market rate. The …
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A hearing was held at the National Electric Power Regulatory Authority (NEPRA) regarding K-Electric’s request to recover Rs 76 billion from electricity consumers in Karachi. The hearing was chaired by NEPRA Chairman, Waseem Mukhtar. K-Electric submitted a request for an additional write-off claim of Rs 8.13 billion. With the inclusion …
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The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks. A bidding round for the granting of exploration licenses for the blocks, located in the Makran and Indus basins, was announced by the Pakistan government in …
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