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Fuel and Energy: Pakistan


National Electric Power Regulatory Authority (Nepra) has approved upfront levellised tariff at Rs 10.1767 per kWh for RLNG-fired power plants up to 250 MW capacity, Rs 9.5392 kWh for plants of up to 450 MW capacity and Rs 9.3628 kWh for plants of more than 450 MW capacity.

The federal government has exempted coal mining equipment and machinery including vehicles used on site (not manufactured locally) and imported for Thar Coal field from payment of customs duty. The FBR has issued S.R.O. 268(I)/2015 here on Friday, in this regard.
The successful negotiations and the achievement of a framework agreement between Iran and P5+ 1 followed by a detailed agreement targeted to be reached by June this year has opened the door for the completion of Iran-Pakistan (IP) gas pipeline project. According to officials, if Iran adheres to the agreement with P5+1 most of the international sanctions against Iran will be lifted within a year which will enable Pakistan to start laying the pipeline for which all necessary works were completed in 2013. The IP gas pipeline project will transport 750 MMCFD gas from Iran to Pakistan.
Ministry of Water and Power has reportedly proposed early closure of shops and markets in summer to minimise the number of load shedding hours, it was learnt. Sources told Business Recorder that a meeting chaired by Prime Minister Nawaz Sharif discussed various proposals of Ministry of Water and Power to deal with load shedding in coming months.
The government is likely to appoint Tahir Shaukat as Managing Director (MD) of the state-owned Oil and Gas Development Company (OGDCL), it is learnt. According to sources in the Petroleum Ministry, OGDCL is functioning without MD since March 31, 2015 due to the government''s failure to fill the slot. The post is vacant as Mohammad Rafi has retired on March 31, 2015. Tahir Shaukat is currently working as Executive Director, Human Resources/Administration.
Sui Northern Gas Pipe Lines (SNGPL) has disconnected gas supply connections of 177 industrial and commercial consumers of Sheikhupura, Multan, Islamabad, Peshawar, Lahore and other regions for owing Rs 4.4 billion. The SNGPL has disconnected gas supply of as many as 67 industrial and 110 commercial connections during the period from 26th February 2015 to 12th March 2015.
All Pakistan CNG Association (APCNGA) Central Chairman Shuja Anwar on Thursday issued a 7-day deadline for the gas restoration to the Punjab's CNG sector. In a speech to a press conference at Lahore Press Club, he said after a week the association would launch mass protests. He said people are being forced to use costly fossil fuel which is contributing to pollution and enhanced oil import bill.


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln