Aftab Maken ISLAMABAD: The Power Ministry was not present in a monthly FCA hearing in NEPRA to address the questions raise by the industry representatives and other stakeholders. Even the Authority remained unmoved over the absence of the power ministry from the hearing. The consumers are set to get a …
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“Protected” category for electricity consumers is expected to be phased out Aftab Maken ISLAMABAD: After taking steps to address the circular debt in the power sector, the federal government is now working on a plan to eliminate the massive circular debt in the gas sector. The aim is to remove …
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Staff Report The Competition Commission of Pakistan (CCP) teams has raided the offices of four suppliers involved in the provision of transformer reclamation materials to various power distribution companies (DISCOs). The raids were carried out simultaneously in Lahore and Gujranwala. These companies are suspected of being part of a cartel …
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Aftab Maken KARACHI: Sui Southern Gas Company (SSGC), a pivotal player in Pakistan’s energy sector, is facing severe criticism as its ambitious business plan for FY 2024-27 appears to be significantly derailed by pervasive operational delays, questionable accounting practices, and a troubling lack of strategic foresight. A recent internal assessment …
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Aftab Maken ISLAMABAD: The Finance Division has announced a significant revision in the prices of petroleum products, effective from July 16, 2025. The decision, outlined in a press release issued today, comes following recommendations from the Oil and Gas Regulatory Authority (OGRA) and other relevant ministries. This move is expected …
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Aftab Maken ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in prices of re-gasified liquefied natural gas (RLNG) for July 2025. These prices will be applicable in the current month, effective from July 1, 2025. According to a notification issued by OGRA, the RLNG prices for …
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Aftab Maken ISLAMABAD: Despite its formidable position as Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company Limited (OGDCL) is navigating a challenging landscape marked by declining production, a substantial drop in profitability, and persistent operational hurdles. While the company touts its vast exploration acreage and strategic …
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Aftab Maken ISLAMABAD: A recent analysis of Pak-Arab Refinery Limited (PARCO), a crucial joint venture between the Governments of Pakistan and Abu Dhabi, paints a concerning picture of the company’s financial health and strategic outlook, despite its significant national asset base. The report highlights a perilous mix of liquidity strain, …
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Aftab Maken ISLAMABAD: While Pakistan State Oil (PSO) has announced a seemingly robust profit after tax of Rs 11.2 billion for the first half of FY25, up from Rs 7.7 billion in the same period last year, a closer look at the company’s financial health reveals a persistent and alarming …
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Aftab Maken ISLAMABAD: Federal Minister for Energy Awais Khan Leghari has said that, under the directives of the Prime Minister, significant progress has been made in improving governance and introducing reforms. Within one year, losses amounting to Rs 591 billion have been successfully reduced to Rs 399 billion. During the …
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