PSO ‘in talks’ with govt to acquire stakes in public sector energy companies

A man drinks water from a cooler at a Pakistan State Oil petrol station in Peshawar, on October 2, 2017. —Reuters KARACHI: The Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt […]

Solar energy: Govt denies fixed tax reports, hints at revising rates

Several solar panels can be seen in this picture. — AFP/File Refuting a report claiming the government plans to impose fixed tax on solar power, the Power Division on Saturday said there is no truth to the news. Reports were circulating on social media platforms that a summary had been moved to introduce the fixed […]

Energy minister announces reduction in April’s electricity bills

A representational image of a transmission tower, also known as an electricity pylon. — AFP/File Federal Energy Minister Awais Leghari announced on Thursday that the government provided relief to inflation-stricken nationals by reducing the electricity prices for April’s power bills. “The per unit price of electricity fell by Rs3.83 in the month of April. The […]

Rs48b sought for CPEC energy debt | The Express Tribune

ISLAMABAD: The energy ministry has requested Rs48 billion in funds from the government to clear the dues of energy projects of the China-Pakistan Economic Corridor (CPEC). However, this sum will not be sufficient to clear the backlog, which has already reached Rs487 billion. The energy ministry made this request for funds as part of its […]

Engro Energy sells thermal assets | The Express Tribune

LAHORE: Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt) Limited and a consortium for the sale of its thermal energy assets portfolio. The consortium comprises Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through Master Group of Industries. The sale […]

Energy supply chain under threat | The Express Tribune

ISLAMABAD: Pakistan State Oil (PSO) has warned that the country’s entire energy supply chain may get disrupted as circular debt is uncontrollably rising in sales of liquefied natural gas (LNG). In a letter written to the managing director of Sui Northern Gas Pipelines Limited (SNGPL), oil marketing giant PSO said that outstanding dues against the […]

Inflation spikes on food, energy costs | The Express Tribune

KARACHI: The weekly inflation reading ticked up 0.04% due to a hike in food and energy prices in the week ending February 22, ending the downturn recorded in the past three consecutive weeks. According to Pakistan Bureau of Statistics’ (PBS) data, the inflation reading decelerated to a 13-week low at 30.68% for the week compared […]

Industries at risk as energy costs surge | The Express Tribune

KARACHI: Rising gas and electricity tariffs threaten to shutter industries, drive up unemployment, and worsen inflation, lamented distressed industrialists. Speaking to The Express Tribune, President of the Federal B Area Association of Trade and Industry (FBATI), Syed Raza Hussain highlighted the impact of the gas tariff increase on small and medium-sized entrepreneurs already grappling with […]

Hub industrialists seek energy supply | The Express Tribune

KARACHI: Industrialists in Hub, Balochistan, are urging both the provincial and federal governments to address critical issues affecting the Hub Industrial and Trading Estate (HITE). The industrialists emphasise the need for consistent gas supply with proper pressure, improved road connectivity between Karachi and Hub, and the urgent rehabilitation of the deteriorating infrastructure in the organised […]

Govt, KE agree to ensure Karachi’s energy security

Power Division and K-Electric ink landmark agreements, in the presence of Minister for Energy Muhammad Ali, providing energy security for Karachi at Power Division. — Ministry of Energy/X/@MoWP15 ISLAMABAD: In their bid to address Karachi’s energy woes, the caretaker federal government and Karachi Electric (KE) Friday inked various agreements provisioning stabilised electric supply to address Karachi’s […]

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