KCCI Chief appeals immediate relief in electricity bills by tomorrow
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has said that although the Caretaker Prime Minister convened an urgent meeting on Sunday wherein the concerned authorities were directed to devise concrete measures within 48 hours to alleviate extraordinary burden of inflated electricity bills but the Karachi Chamber was under tremendous pressure being…
Adil Aziz
BMG, KCCI Leadership term unbearable electricity tariff as ‘un-viable’
The Leadership of Businessmen Group and Karachi Chamber of Commerce & Industry (KCCI), while referring to Caretaker Prime Minister’s meeting scheduled in Quetta on Sunday (August 27) with representatives of Power Sector, stated that the Karachi Chamber once again strongly protests the unbearable rise in electricity tariff as it was neither affordable for common man…
Historic hike in petroleum prices is equivalent to adding fuel to the fire: Suleman Chawla
Mr. Muhammad Suleman Chawla, Acting President FPCCI, has strongly rejected the massive hike in the prices of petroleum products effective from August 16, i.e. petrol by 6.4 percent or PKR. 17.50 per liter to make it 290.45 & high speed diesel by 7.3 percent or PKR. 20.00 per liter to take it to 293.40 per…
KCCI asks govt. to withdraw hike in Petroleum Prices, electricity tariff
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing sheer dismay over exorbitant upsurge in petrol and diesel prices by Rs17.50 and Rs20.00 respectively, stated that this extraordinary increase in fuel prices was totally unbearable for all segments of society including the business & industrial community as it would open up…
PM ground breaking of Chashma Nuclear Power Plant Unit-5
Prime Minister Muhammad Shehbaz Sharif broke ground on the 1200 MW Chashma Nuclear Power Plant Unit 5 (C-5) here which is likely to be completed in seven to eight years at a cost of around US$3.48 billion. On June 30, 2023 the prime minister witnessed the signing of Memorandum of Understanding (MoU) on the C-5…
LUMS Energy Institute hosts seminar on advancing Pakistan’s Energy Sector
Pakistan’s leading higher education institution, LUMS, organised a seminar on ‘Advancing Pakistan’s Power Sector through Strategic Investments and Digitisation’, featuring renowned energy experts, researchers, and academics. The seminar explored the transformative potential of strategic investments in confronting the challenges to Pakistan’s power sector, such as power shortages, distribution inefficiencies, and outdated infrastructure. The seminar was…
OGDCL revives Jhal Magsi gas project
In a significant move towards meeting the country’s growing energy demands, Oil and Gas Development Company Limited (OGDCL), the leading exploration and production company in Pakistan, has revived Jhal Magsi gas project. The state-of-the-art gas processing plant, with a daily capacity to produce 13.7 MMSCF process gas and 45 BBL/day condensate, will mitigate escalating energy…
Azerbaijan would help Pakistan to fulfill its energy needs: Musadik Malik
State Minister for Petroleum Musadik Malik assured that Pakistan’s a liquefied natural gas (LNG) purchase agreement framework with Azerbaijan would end gas crises and domestic consumers will not face any gas shortage in the next winter season. Azerbaijan will supply an LNG cargo every month to Pakistan at a “cheaper price,” he said while talking…
FPCCI applauds PM for the go ahead to 13 renewable energy projects
Mr. Irfan Iqbal Sheikh, President FPCCI, has applauded the Prime Minister Mian Muhammad Shehbaz Sharif for his decisive push to green light 13 important projects in renewable energy (RE) and coming under category-III, totaling approximately 700 megawatts. President FPCCI stated that high cost of energy coupled with circular debt is hindering the industrial growth; and,…
Pakistan and China sign a MoU to construction for a 1200 MW Chashma-5 (C-5) Nuclear Power Project
Prime Minister Shehbaz Sharif signing of Memorandum of Understanding (MoU) between Pakistan and China for a 1200 MW Chashma-5 (C-5) nuclear power project worth of $3.48 billion. President of China National Nuclear Corporation Overseas Ltd (CNOS) and Member Power, Pakistan Atomic Energy Commission (PAEC) Muhammad Saeed Ur Rehman signed the MoU. Speaking on the occasion,…