KARACHI: The National Electric Power Regulatory Authority (Nepra) on Thursday allowed ex-Wapda distribution companies to charge their consumers an additional fuel cost of Rs5.94/kWh on the consumption during January 2022. Nepra observed that the energy from costlier residual fuel oil (RFO) and high-speed diesel (HSD)-based power plants was generated to the tune of over Rs43.62 … Read more
From the vantage of the equity market, we expect the recent political events, both on international and domestic front, to take a toll on investors’ sentiments where the KSE-100 Index has already corrected 2.1 per cent in the last 10 days. Pakistan’s macro fundamentals are still fragile though return to the International Monetary Fund (IMF) … Read more
KARACHI: Earnings of the KSE-100 Index increased significantly, displaying a jump in quarterly profit of 19.9 per cent. However, almost all listed companies involved in manufacturing, assembling and production activities have complained of the supply chain challenges, which would take a toll on the demand and profitability. According to industry sources, the freight for spot … Read more
KARACHI: The Pakistan government should take measures to achieve an annual 7 per cent GDP growth rate, which will not only help reduce the debt burden but also create job opportunities, said Mian Anjum Nisar, chairman of the Businessmen Panel. “There is a need for a reform agenda to achieve 7 per cent economic growth … Read more
Weighted average cost of gas (WACOG) Bill is a positive sign for Pakistan, as it would ensure gas availability across all sectors countering the impact of depleting domestic gas reserves. Under the new pricing mechanism, the ratio of supply of local gas and the liquefied natural gas (LNG) would change to 50/50 from the current … Read more
KARACHI: The profits of Pakistan State Oil (PSO) registered the earnings growth of 4.6x to Rs20.3 billion, translating into the earnings per share of Rs43.27 during the second quarter of the fiscal year 2022 ended in December 2021. The company’s profits were recorded at Rs4.03 billion translating into the earnings per share (EPS) of Rs8.85 … Read more
KARACHI: The fuel cost component of the power generation during November 2021 surged 85 per cent YoY to Rs6.32/kWh, mainly due to a rise in the furnace oil, coal and regasified liquefied natural gas (RLNG)-based cost of generation, official data suggests. “[The] RLNG-based cost of generation increased 166 per cent YoY to Rs17.29/kWh due to … Read more
KARACHI: Power generation went up 10.3 per cent on a year-on-year basis to reach 15,183MW during October 2021, compared with 13,767MW in October 2020, a research report by Arif Habib Limited showed. The rise in generation was owed to higher generation from nuclear, furnace oil (FO) and wind. Major contributors to power generation during October … Read more
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has achieved a milestone by issuing licences for the construction and operation of a pipeline, being the last leg of the liquefied natural gas (LNG) supply chain, to Energas Terminal (Pvt) Limited and Tabeer Energy (Pvt) Limited, a statement said on Friday. The licences were issued under … Read more
Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Miftah Ismail on Sunday lashed out at Prime Minister Imran Khan’s government for the emerging energy crisis in the country and delays in the dry docking of liquefied natural gas (LNG) terminals, resulting in gas and electricity shortages. In a press conference, Ismail raised the question … Read more
ISLAMABAD: A meeting of the Economic Coordination Committee (ECC)of the Cabinet, chaired by Finance Advisor Abdul Hafeez Sheikh, approved the provision of Regasified Liquefied Natural Gas (RLNG) for winter needs of domestic and commercial consumers. According to details, a meeting of the Economic Coordination Committee of the Cabinet was held under the chairmanship of Finance … Read more
