Business Community Lauds Govt’s Tariff Reduction, Eyeing Economic Growth
President Sargodha Chamber of Commerce and Industry(SCCI), Khawaja Yasir Qayyum welcomed the recent announcement of a significant reduction in electricity tariffs by the Prime Minister of Pakistan, Muhammad Shahbaz Sharif.
Mehfooz
Oil drops on China uncertainty; US demand limits decline
OIL prices fell for a second straight session on Thursday (Dec 29) on an uncertain demand outlook as more countries considered restrictions on Chinese travellers with Covid-19 infections spreading in the top oil-importing nation. China’s government is dismantling pandemic restrictions, yet a surge in infections there is prompting tougher travel rules on Chinese visitors in…
Adil Aziz
PM inaugurated refurbishment project of Units 5 and 6 of the Mangla Dam Hydroelectric Power Plant
Prime Minister Shehbaz Sharif said Pakistan was in dire need of generating cheap electricity as the energy import bill exorbitantly touched $27 billion. He was addressing the inaugural ceremony of the refurbishment project of Units 5 and 6 of the Mangla Dam Hydroelectric Power Plant, carried out with the support of the United States Agency…
Qatar to invest in country’s energy, trade, other sectors
The Ambassador of the State of Qatar, Sheikh Sauod bin Abdulrahman bin Faisal Al-Thani, here on Tuesday expressed his government’s intention to invest in various sectors of Pakistan economy, especially in energy, trade and businesses. The investment would help further strengthening the bilateral economic ties between both of the countries, the ambassador said during a…
Government notifies fuel adjustment charges waiver for upto 300 units
The implementation process for grant of relief to power consumers over fuel charge adjustment (FCA) as announced by Prime Minister Muhammad Shehbaz Sharif began with the issuance of a notification by the relevant ministry. According to a notification of the Ministry of Energy (Power Division), Non-ToU domestic, non-protected consumers having 201-300 units consumption would not…