Aftab Maken Carbon emissions are primarily caused by 43% of fuel consumption and 31% of coal usage, with a significant share coming from motorbikes and rickshaws, which contribute to pollution. During a meeting of the Senate Standing Committee on Climate Change, officials from the Ministry of Energy further informed that …
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Aftab Maken The Economic Coordination Committee (ECC) of the Cabinet met to discuss a summary submitted by Petroleum Division for an upward revision of the indigenous gas tariff for industry (captive power) as well as non-protected domestic slabs, says an official release of finance ministry on Saturday. The meeting was …
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Aftab Maken In a significant development, the Government has decided to withdraw proceedings initiated by NEPRA against Independent Power Producers (IPPs) for abnormal profits and excess savings in fuel and operations & maintenance (O&M) costs. Additionally, the government has terminated the agreement with PakGen Power Limited and included KAPCO in …
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ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the next phase of the federal government’s rightsizing initiative will focus on five ministries, divisions, and their attached departments. According to an official release by the Finance Ministry on Friday, the targeted ministries include; ministries of Communications, Railways, …
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The government has increased petrol and diesel prices for the second time in a row. Petrol has been made costlier by Rs. 3.47 per liter, and high-speed diesel (HSD) by Rs. 2.63 per liter, effective from midnight. After the increase, the price of petrol has been set at Rs. 256.13 …
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In a historic move, the government has reduced the electricity tariff for electric vehicle (EV) charging stations from Rs 71 to 39.70 per unit, marking a 44% reduction. This groundbreaking initiative, spearheaded by the Power Division under the National Energy Conservation Authority (NEECA), has also introduced new regulations for establishing …
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The federal cabinet, chaired by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 Independent Power Producers (IPPs), potentially reducing electricity prices by up to Rs11 per unit. Based on the Power Division’s recommendations, the cabinet endorsed renegotiated contracts with these IPPs, leading to a reduction of Rs802 billion …
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The Government has approved a new system to provide electricity at a uniform tariff for Special Economic Zones (SEZs) and Industrial Estates to boost industrial development across the country. The approval was granted during a Cabinet Committee on Energy meeting held in Islamabad under the chairmanship of Prime Minister Shehbaz …
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The Board of Directors of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest Exploration and Production (E&P) company, has reappointed Ahmed Hayat Lak as the Managing Director and Chief Executive Officer (CEO) for a term of three years. The listed E&P company informed the Pakistan Stock Exchange (PSX) of …
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The officials of the National Electric Power Regulatory Authority (NEPRA) have revealed that the imposition of fixed charges on consumers aims to cover capacity payments, which currently stand at an annual figure of Rs 2 trillion. In a meeting of the National Assembly’s Standing Committee on Power, chaired by Muhammad …
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