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Tag Archives: power

KCCI wants EU to help Pak exporters benefit from GSP Plus

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has asked the European Union countries to assist Pakistan in improving its infrastructure so that a business environment could be provided to Pakistani exporters who are keen to raise their exports to EU, particularly after the grant of GSP Plus status. He said that in the ... 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 »

PTI sit-in: Dar warns against creating hurdles in investment

ISLAMABAD: Finance Minister Ishaq Dar, addressing the International Investment Conference, has said that no one would be allowed to create hurdles in investment in the country as the constitution, laws and governance structure protects foreign investment. Ishaq Dar strongly denounced the sit-in by Pakistan Tehreek-e-Insaf (PTI), and said that the government would not only meet the medium-term economic targets but ... Read More »

Govt needs $20b investment to produce 17,000MW electricity by 2020

  ISLAMABAD: Pakistan requires $20 billion to add 17,000 megawatts (MW) to the national grid by 2020. In a bid to meet the burgeoning electricity demand, Pakistan made its case in a two-day international conference “Invest Pakistan” inaugurated by Prime Minister Nawaz Sharif. The government has projected that total electricity demand will be 34,000 megawatts by 2020. The challenge is ... Read More »

NEPRA upsets consumers with 52 paisa hike to meet Rs60.53b expenses

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) Monday okayed hike in power tariff by Re 0.52 per unit under fuel adjustment. Central Power Purchasing Agency (CPPA) had sought increase over Re 1 per unit, stating that production exceeded Rs 60.53 billion expenses due to additional usage of fuel during September. However, Nepra approved Re 0.52 increase in electricity tariff. ... Read More »

Sinking textile industry calls for desperate measures

If government cannot provide gas and electricity then it should announce forced closure of industry   FAISALABAD: More than fifty percent value-added textile units have been closed and the remaining ones are running only with 30 to 40 percent of production capacity, said Rana Alraf Ahmad, senior vice chairman (SVC) Pakistan Hosiery Manufacturers and Exporters Association (PHMEA-North Zone). He said ... Read More »

Extra ST on power, gas bills likely to go up

ISLAMABAD: The government is considering double ‘extra sales tax’ from 5 to 10 percent on all unregistered electricity and gas consumers having industrial or commercial connections in budget 2014-15. As per details, 5 percent extra sales tax on electricity and gas connections was announced in last budget to force the unregistered persons to get registered with the sales tax department. ... Read More »