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Tag Archives: energy crisis

Govt committed to ending power crisis: Abid sher

FAISALABAD: All-out resources are being utilised to produce ample electricity to overcome prevailing crippling energy crisis in the country. Addressing a ceremony here State Minister for Water and Power Abid Sher Ali has said that the government was committed to doing away with the outages and for the purpose a number of projects had been initiated. He said that Prime ... Read More »

5th meeting of PEDO BoD: KP to expedite work on power projects to eliminate crisis

PESHAWAR: The Khyber Pakhtunkhwa government has been making strenuous efforts for the development of energy sector to overcome the crippling energy crisis and give impetus to industrial development in the province. Pakhtunkhwa Energy Development Organisation (PEDO) Board of Directors Chairman Tariq Iqbal stated this while chairing 5th meeting of the board here. He claimed that the provincial government planned expediting ... Read More »

Nawaz directs NEPRA to slash power tariff by 46-paisa a unit

ISLAMABAD: Prime Minister Nawaz Sharif has ordered a 46-paisa per unit reduction in power tariff. The federal ministry of water and power said that the reduction would be made under the monthly fuel adjustment head for the month of October. The National Electric Power Regulatory Authority will issue a notification in this regard. Read More »

6.86pc overall decline: Textile exports fall 1.54pc to $4.6b against $4.7b

ISLAMABAD: Crippling energy crisis and uncertain political scenario pushed the country’s textile exports by 1.54 percent during July-October (Four months) of the financial year 2014-15. The textile exports stood at $4.6 billion during July-October 2014-2015 as against $4.7 billion in the corresponding period last year, showing a decline of 1.54 percent, according to the Pakistan Bureau of Statistics (PBS). After ... Read More »

Transporters refuse to cut bus fares by 12 % despite oil price reduction

KARACHI: Despite major reduction in oil prices, the transporters have refused to cut bus fares by 12 percent as expected on the plea that their vehicles ran on CNG. Karachi Transport Ittehad president Irshad Bukhari argued that since Karachi public transporters had already converted their minibuses and coaches from diesel to CNG, the cut in oil prices was meaningless to ... Read More »

Historic cut of Rs17.50 per kg in LPG price expected: Irfan Khokhar

LAHORE:  Local LPG price of LPG will be cut by Rs.17.50 per kg since the price of Liquefied Petroleum Gas (LPG) reduced by 148$ per ton in the international market, said Irfan Khokhar, Chairman LPG Distributors Association. After the reduction in the LPGH price in the international market from 753$ to 605$ per ton, local LPG price will be cut ... Read More »

Energy crisis: Textile industry faces $1.2b loss in six months

LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has said that the textile industry has to bear $1.2 billion loss during the last six months due to acute power shortage and it will have to face further $2.2 billion loss in future, if the energy crisis is not overcome. S M Tanveer, addressing the press conference, said ... Read More »

Lasbela Chamber urges govt to reduce POL prices by Rs10

KARACHI: The business community of Lasbela has urged the government to reduce petroleum prices by at least Rs10 per litre as the oil prices in the international market are falling swiftly. Lasbela Chamber of Commerce and Industry President Yakoob A Karim said that the PML-N government, according to its claim of being the business friendly, should bring down the POL ... Read More »

$2.3b loss: Aptma rings alarm bells over 22% decline in exports  

LAHORE: All Pakistan textile Mills Association (Aptma) Central Chairman S.M Tanveer has showed grave concerns over continuous decline in textile exports over the last six months. S.M. Tanveer, chairman of the association, apprehended that textile industry will lose $2.3 billion exports in case no immediate remedial mea­sures are taken on energy supply by the government. Tanveer further predicted decline in ... Read More »

Hydro, 100MW solar projects to curb energy crisis: Shahbaz

LAHORE: High-level French and Norwegian delegations called on Punjab Chief Minister Shahbaz Sharif and discussed matters of mutual interest. Norwegian Ambassador in Pakistan Leif H Larsen discussed matters of mutual interest, promotion of bilateral relations and cooperation in various sectors with the CM and offered him to provide modern training to Punjab police. Meanwhile, a high level delegation of prominent ... Read More »

Hydro, 100MW solar projects to overcome energy crisis: CM

LAHORE: High-level French and Norwegian delegations called on Punjab Chief Minister Shahbaz Sharif and discussed matters of mutual interest. Norwegian Ambassador in Pakistan Leif H Larsen discussed matters of mutual interest, promotion of bilateral relations and cooperation in various sectors with the CM and offered him to provide modern training to Punjab police. Meanwhile, a high level delegation of prominent ... Read More »

Norway offers to help tackle energy crisis: Shahbaz

LAHORE: High-level French and Norwegian delegations called on Punjab Chief Minister Shahbaz Sharif and discussed matters of mutual interest. Norwegian Ambassador in Pakistan Leif H Larsen discussed matters of mutual interest, promotion of bilateral relations and cooperation in various sectors with the CM and offered him to provide modern training to Punjab police. Meanwhile, a high level delegation of prominent ... Read More »

ICCI urges govt to improve FDI inflows on urgent basis

ISLAMABAD: The Islamabad Chamber of Commerce & Industry has urged the government to take immediate steps to improve Foreign Direct Investment inflows.  ICCI President Muzzamil Hussain Sabri said the government has failed evolve a better strategy to attract potential investors due to which the FDI was diverting to regional countries despite the fact that many sectors in Pakistan including energy, ... Read More »

Dar terms Dassu, Diamer Bhasha projects vital to curb energy crisis

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that Dassu and Diamer-Bhasha projects are very important as they will help curb energy crisis in the country. He said this while chairing a high-level meeting with his ministry’s officials to chalk out a comprehensive plan for follow up of important decisions taken in his meetings during visit to the US. He ... Read More »

Harnessing solar power

The Alternative Energy Development Board (AEDB) has allowed a private company to install a 10-megawatt solar energy power plant in Multan. As sun shines with full might in vast planes of Sindh, Punjab and Balochistan, there is a tremendous potential in the country to produce solar energy and overcome the electricity shortage. The AEDB was set up in 2006 to ... Read More »

Oil and gas reserves in Pakistan

The south-west corner of Pakistan spreads out to the Middle East, the region of major oil producing countries, and it is strongly believed that the country has huge oil and gas reserves which needed to be fully explored. After discovery of gas reserves in Balochistan, Khyber Pakhtunkhwa, Sindh and parts of Punjab, there is no doubt that the land is ... Read More »