Upgradation of plant will enable Byco to reduce production of low-value furnace oil, enhance output of high-quality products.
Govt working on a plan to rationalise GST on electricity, purchase old IPPs, secure savings through debt.
Committee unable to resolve dispute between power regulator and Power Division over future of about 100 renewable energy projects.
SNGPL, Petroleum Division oppose the move as it exposes petroleum sector companies to losses.
Budget Strategy Paper eyes higher provincial contributions to finance fiscal deficit
The IMF now requires parliament to approve laws under deadlines unlike the previous programmes.
The tariff share of these IPPs for energy generation beyond their respective annual plant factors has also been reduced.
IMF documents unveil government’s expenditure consolidation measures.
The country’s water availability during the current kharif season has been estimated to be higher than last year.
Government to raise electricity tariff by Rs4.97 per unit in remaining three months of current fiscal year.
On the longer horizon, the IMF put the country’s fiscal deficit at 2.9pc of GDP by 2026.
Power Division officials say they had completed all formalities on payment of the first installment of about Rs85bn to the IPPs.
Says Covid resurgence may hit nascent, fragile economic recovery in FY21.
The growth projection by the IMF is in stark contrast with revised 3pc GDP growth forecast made by the SBP a few days ago.
Irsa Chairman Rao Irshad Ali Khan will chair the meeting through a video-link.
Abdulaziz H. Aljomaiah and Tabish Gauhar have accused each other of attempts to fleece the state, Karachi-based power consumers.
Conflicting signals from different power centres make investors jittery
Official says that two gas utilities have been protesting over the allocation of 150mmcfd to K-Electric.
Beijing aiming for government-to-government deal on Pakistan Steel Mills, sources say.
Eni SpA of Italy secured three cargoes with the lowest prices while Qatar Petroleum and PetroChina won two cargoes each.