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Fuel and Energy: Pakistan


Chairman Privatisation Commission Mohammad Zubair will announce Pakistan''s power sector privatisation programme at a roadshow being held in Washington on Thursday (October 8). The Chairman arrived in the US capital this week accompanied by PC Secretary Ahmad N Sukhera, Secretary Ministry of Water and Power, Mohammad Younus Dagha and Senior Advisor Nepra Hussnain Zaigham to participate in the event.

Public Accounts Committee (PAC) Wednesday directed the Auditor General of Pakistan (AGP) to present the audit report which raised objection on the Rs 480 billion payment to Independent Power Producers (IPPs). The committee further directed Federal Board of Revenue (FBR) to submit copies of all SROs withdrawn in past years and also directed to replace the legal team of FBR.
The federal government is reluctant to convene a Council of Common Interest (CCI) meeting to resolve controversy between Center and Sindh government on the use of imported LNG for power projects in Punjab, it was learnt. Sources in the Inter-provincial Co-ordination Ministry on condition of anonymity said the Prime Minister has not asked them to schedule a CCI meeting after abrupt cancellation of last meeting scheduled for August 24, 2015 without giving any reason.
A delegation of Turkmenistan headed by Yagshygeldi Kakayev, Director of State Agency for Management and Hydrocarbon Resources of Turkmenistan, called on Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi in Islamabad. The Minister for Petroleum and Natural Resources appraised the delegation of the energy sector of Pakistan and related initiatives.
The Oil and Gas Regulatory Authority (Ogra) on the request of Pakistan State Oil (PSO) has fixed provisional price of imported Liquefied Natural Gas (LNG) at $8.64 per Million British Thermal Unit (MMBTU). According to a notification issued here on Wednesday the authority considering PSO's application to determine provisional LNG prices has fixed Delivered Ex-Shipment (DES) price of the commodity at $7.73 per MMBTU.
The Opposi-tion Leader in the Senate, Barrister Aitzaz Ahsan, on Wednesday urged the federal government to conduct an investigation under criminal laws by the National Accountability Bureau (NAB) into alleged corruption and irregularities in the Nandipur power project. He said this while discussing the adjournment motion about Nandipur power project. While responding to the opposition leader, Federal Minister for Water and Power Khawaja Asif said that the government is ready for any kind of investigation about Nandipur power project.
The Lahore High Court wants the federal government to explain itself by October 15 in connection with a petition challenging the process of the appointment of the chairman of the Electronic Media Regulatory Authority. Bar member Aftab Bajwa challenging the appointment argued on Wednesday that the Ministry of Information and Broadcasting had no powers to appoint any such person on the post and that only the president or the chief executive of the state had powers to do so. He then claimed that the Federal Minister for Information had interviewed people of his choice and appointed anyone as chairman of the authority.


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln