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Fuel and Energy: Pakistan

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A spokesman for Provincial Energy Department has said that Punjab government is taking a number of solid and effective steps for overcoming energy crisis and increasing the production of electricity. He said that Quaid-i-Azam Solar Park is being set up at Bahawalpur for the promotion of investment in renewable solar energy projects. LOI has been issued to the Chinese company for the feasibility study of 900MW solar energy project in Bahawalpur.

The State Bank of Pakistan has issued rules for Payment System Operators (PSOs) and Payment Service Providers (PSPs) in order to promote competitive environment and transparency within the payments market and with the objective of standardisation and setting benchmark guidelines.
In order to streamline its upcountry supply chain, Byco has announced a comprehensive expansion programme where it will set up refined petroleum products storage facilities at strategic locations, in the process generating jobs and ensuring confidence in fuel availability to the energy starved nation.
Annual general meeting (AGM) of Pakistan Petroleum Limited (PPL) is scheduled to be held on Friday (today). According to PPL officials, the 63rd AGM will be held on October 24, at 9:45 am, in which the annual financial report will be approved. The current position and performance of said organisation will also be discussed between authority and the shareholders.
The Ministry of Water and Power has started the process to adjust overcharged amount in electricity bills as per decision of the Federal Cabinet. An official of the Ministry of Water and Power told APP Thursday that the overcharged amount in the electricity bills for September was being adjusted, while the matter was to be further probed.
A French company, Sun Power Corporation, has expressed interest in setting up a 100 megawatts solar project in Quaid-e-Azam Solar Park. In this connection, a delegation of prominent French company Total and Sun Power Corporation met Punjab Chief Minister Muhammad Shahbaz Sharif here on Thursday, disclosed an official.
K-Electric's customer care and field staff work round the clock. KE has refuted the false impression tried to build for delays in complaint resolution and inflated bills. In an statement issued by K-Electric it is said that no concept of deliberate delays exist in customer complaints resolutions. Company's 118 call centre staff remain active 24X7, register all the complaints follow-ups with concerned regional teams till the completion of faults' are fixed.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln