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Fuel and Energy: Pakistan


The government is likely to reduce prices of major petroleum products ranging from Rs 2 per litre to Rs 5 per litre, effective September 1. Well-placed sources in the Ministry of Petroleum and Natural Resources revealed that the price of High Speed Diesel (HSD) is likely to be reduced by over Rs 5 per litre, Kerosene Oil in the range of Rs 2-3 per litre and Light Diesel Oil (LDO) by Rs 3 per litre.

National Electric Power Regulatory Authority (Nepra) has reportedly sent back applications of three power companies, which intend to convert thermal power plants into coal, arguing that the applications should be in line with the prevalent provisions of rules, well-informed sources told Business Recorder.
K-Electric (KE) is pleased to announce that the power utility has received an ISO 9001-2008 Certificate for its SITE IBC (Integrated Business Centre). The certificate is given to organisations in recognition of their improved performances and operations. The certificate recognises quality in customer care and satisfaction along with network complaint solution turn around and Revenue Protection activities.
Iranian Consul General in Peshawar, Hassan Darvishwand has said his country is optimistic about the timely completion of the joint gas pipeline project as per agreement, and termed the project beneficial for the two-brotherly Islamic countries. The project had been initiated by signing agreement with the former PPP-led government, and Iran has almost completed installation of pipeline from its side, but it was delayed from Pakistan side, Darvishwand told reporters during a 'Guest Hour Programme' arranged by Peshawar Press Club here on Thursday.
Current political turmoil in the country has marred government''s plans to establish ten coal fired power plants of 6600 MW capacity (660 MW each) as the response from investors is negligible, well informed sources told Business Recorder. Private Power Infrastructure Board (PPIB) had sought Expressions of Interest from the potential international and national investors till August 18.
The Neelum-Jhelum 500KW transmission line to Gujranwala will cost around Rs 22.582 billion including Foreign Exchange Component (FEC) of Rs 13.553 billion. Official sources told APP here on Thursday that the Economic Co-ordination Committee (ECC) has also approved last week in principle financing facility of Rs 17 billion from local banks for the laying of 500KW double circuit transmission line from Neelum-Jhelum Hydro-Power Plant to Gujranwala.
The United States Agency for International Development (USAID) Power Distribution Program (PDP) is strengthening Pakistan's energy sector to improve the supply and distribution of power. In this effort, the USAID Power Distribution Program is training the staff of government-owned power distribution companies (DISCOs)s in power load management, which will eventually help in reducing unscheduled load shedding.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln