Russian team arrives tomorrow for talks on oil, gas deal, pipeline

ISLAMABAD: An 80-member Russian delegation is arriving on January 17 to hold three-day bilateral talks under the forum of IGC (Inter-Governmental Commission) on an oil and LNG trade deal for a long-term basis and the much-touted...

Govt’s IPP capacity expansion plan likely to worsen circular debt crisis: IPS study

ISLAMABAD: The government aims to expand power generation capacity by adding 7,500MW by 2034 and extending independent power producer (IPP) licences, potentially worsening the circular debt crisis in the sector. In FY 2022-2...

14-Sep-2024 Read More

Significant cut in fuel prices likely

ISLAMABAD: As international oil prices continue to fall, the government is poised for a significant reduction in fuel prices. However, the government is considering a tax hike to address a growing revenue shortfall, which cou...

14-Sep-2024 Read More

Nepra fines Gepco Rs10m for failing to earth poles

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has imposed a Rs10 million fine on the Gujranwala Electric Power Company (Gepco) for failing to meet earthing and grounding requirements for its high-tension an...

14-Sep-2024 Read More

New gas tariff mechanism in the works to check circular debt

ISLAMABAD: The government has begun work to introduce a new gas price determination mechanism, either on a monthly or quarterly basis, instead of the current biannual system. “This directive was issued by the 20-member task...

14-Sep-2024 Read More

APL’s FY24 power play

In a year marked by economic turbulence and fluctuating petroleum prices, Attock Petroleum Limited (PSX: APL) achieved impressive financial growth. Despite these challenges, the company maintained its upward trajectory, bolstere...

13-Sep-2024 Read More