Finance minister for timely implementation of Energy Vehicle Policy
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb stressed the importance of the timely development and implementation of the New Energy Vehicle (NEV) Policy 2025-30.
Adil Aziz
Rs.30 Per Unit Power Tariff Slash for EV Sector Announced by PM to Encourage Investment
Prime Minister Muhammad Shehbaz Sharif hailed the drastic reduction of Rs30 per unit in power tariff for electric vehicles (EVs) as a propitious step for the sector to boost the emission-less and eco-friendly vehicles in the country.
Mehfooz
New Agreements with 14 IPPs approved by government to cut Electricity Costs
The federal cabinet has given its approval to the power division’s recommendation to revise the negotiated settlement agreements with 14 Independent Power Producers (IPPs). This strategic move aims to significantly reduce electricity costs and is expected to save the national exchequer a substantial Rs.1.4 trillion.
DISCOs and K-Electric customers to benefit from NEPRA’s fuel adjustment cuts
The National Electric Power Regulatory Authority (NEPRA) notified 75 paisa and 49 paisa per unit decrease in power tariff for consumers of all power distribution companies (DISCOs) and K-Electric respectively for November and October under monthly fuel adjustment (FCA) mechanism.
Telenor signs Pakistan’s First-Ever tripartite MoU for smart metering
Telenor Pakistan has signed Pakistan’s first-ever tripartite Memorandum of Understanding (MoU) to implement smart metering at its Base Transceiver Station (BTS) sites across Azad Jammu & Kashmir (AJ&K).
Tanveer directs CDA to install EV-charging stations at all petrol pumps
Minister for Industries and Production Rana Tanveer Hussain directed the Capital Development Authority (CDA) to install electric vehicles’ charging stations at all petrol pumps operating in Islamabad. Chairing the fourth meeting of the Electric Vehicles (EV) Policy, he praised the CDA’s performance in promoting the use of environmentally friendly vehicles in the capital. The minister…
Editor
Cabinet Approves of Settlement Agreements with Eight IPPs to Reduce Power Tariffs
The federal cabinet in its meeting, with Prime Minister Muhammad Shehbaz Sharif in the chair, approved settlement agreements with eight independent power plants (IPPs) running on bagasse. These power plants included DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries and Chinar Industries. After the approval of these agreements,…
CCP approves 50% acquisition of total Parco by Gunvor Group
The Competition Commission of Pakistan (CCP) approved 50% acquisition of total Parco by Gunvor Group, signaling growth in Pakistan’s fuel and lubricants Sector.
CCP approves 50% acquisition of Total Parco by Gunvor Group
The Competition Commission of Pakistan (CCP) granted approval for the acquisition of 50 percent share-holding in M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating under Switzerland’s Gunvor Group.
Terminating PPAs – A panacea to release consumers from IPPs clutches
Switching towards Competitive Trading Bilateral Contracts Market (CTBCM) regime, liberalization and privatization of power sector will have longstanding effects on power tariff, paving way for relief to consumers and contribute to overall economic growth of the country.