Staff Report Oil Companies Advisory Council (OCAC) has asked the government to increase margins of oil marketing companies (OMCs) following losses due to sales tax exemptions. “We are writing to seek your immediate support for the long-overdue revision of OMC Margin and recovery of sales tax-related costs, which is critical for ensuring the sustainability and…
Staff Report Minister for Petroleum, Mr. Ali Pervaiz Malik, held a productive meeting with Ms. Joe Moir, Development Director of the British High Commission in Islamabad, to discuss bilateral energy collaboration and cooperation opportunities in Pakistan’s petroleum sector. The meeting, held at the Ministry of Petroleum, focused on enhancing UK-Pakistan partnerships in oil, gas, and…
Staff Report Islamabad: Central Power Purchasing Agency-Guaranteed (CPPA-G) and 9 bagasse-fired IPPs have sought tariff revision in power purchase agreements. They have filed joint tariff review petitions in accordance with the revised agreements signed after tough negotiations with the Task Force on Power and subsequent approval of Federal Cabinet.Electricity Rates Cut in April 2025 NEPRA…
Our Correspondent Islamabad: The national electric power regulatory authority (Nepra) has allowed the federal government to divert Rs 58 billion funds collected from the oil consumers to provide relief Rs 1.71 per unit rate to electricity consumers. The relief will be application on Discos and KE consumers as well.Iesco Recovers Rs6.3B from Electricity Defaulters …
Staff Report National Electric Power Regulatory Authority (Nepra) has recommended the federal government to remove Chief Executive Officer (CEO) of Islamabad Electric Supply Company (IESCO), Naeem Jan immediately over poor performance. The power regulator took serious notice of the poor performance of the Chief Executive Officer (CEO) of Islamabad Electric Supply Company (IESCO), Naeem Jan.Iesco…
Staff Report Islamabad: During the ongoing recovery campaign against electricity defaulters in all operation circles of Islamabad Electric Supply Company IESCO, Recovery Formations have recovered a total of over Rs 6358.4 million from more than 1.2 million running and dead defaulters. Chief Executive IESCO Muhammad Naeem Jan has issued instructions to all field formations to…
Staff Report A high-level delegation from FLSmidth, a global leader in sustainable technology and solutions for the mining and cement industries, called on Petroleum Minister Ali Pervaiz. The delegation is here in Pakistan to attend the Pakistan Minerals Investment Forum. Minister Ali Pervaiz appreciated FLSmidth’s commitment to sustainable development and emphasized the government’s openness to…
Staff Report In accordance with the national Gas Load Management Plan, the designated hours for natural gas supply in Quetta city during the summer season will be as follows; Gas Availability Timing: From 05:00 am in the morning till 10:00 pm in the night. Gas Suspension / Non-Availability Timing: From 10:00 pm night till 05:00 am in…
Staff Report United States (U.S) companies have expressed keen interest to invest in Pakistan mineral sector. Mr. Eric Meyer, Senior Bureau Official & Acting Assistant Secretary, Bureau of South and Central Asian Affairs, U.S. Department of State has acknowledged the potential of Pakistan’s mineral sector and conveyed the interest of U.S. companies to invest in…
Staff Report Islamabad: The electricity consumers of Karachi are set to enjoy a cut in bills up to Rs6.62 per unit in electricity bills on account of Fuel Charges Adjustment (FCA) for the month of February 2025. The KE consumers have been enjoying a relief in prices of electricity for the last few months due…