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Fuel and Energy: Pakistan


Balochistan's about 60,000 coal miners, having denied their due rights since long, have announced to launch a country wide drive to press for a better and well paid working status enshrined by the constitution of the country. The coal miners representative organisation National Labour Federation's (NLF) central leader Shamsur Rehman Swati elaborating the campaign said the federation will launch its movement on March 7 by registering a protest against those responsible for Dukki coalmine and Baldia Town incidents.

Punjab government has decided to set up LNG power plant near Sheikhupura and more than 1000MW electricity would be generated from this plant. This was stated by Punjab Chief Minister Shahbaz Sharif while addressing a meeting, held here on Saturday to review the progress on energy projects in the province. Federal Minister for Water and Power Khawaja Muhammad Asif and Federal Minister for Petroleum Shahid Khaqan Abbasi also participated in the meeting.
National Transmission and Despatch Company(NTDC), Pakistan prepared a community support programme to support local development through improved access to social services and infrastructure for communities living in the Corridor of Impact of CASA 1000. Community Support Programme will be implemented with the help of the World Bank.
The government has decided to maintain the petroleum prices next month, and proposed increase in prices by Oil and Gas Regulatory Authority (OGRA) would be adjusted by reducing GST from existing 27 per cent to 18 per cent. Addressing a news conference here on Friday, Finance Minister Ishaq Dar said that as per directives of Prime Minister Nawaz Sharif sales tax rate would be changed to minimize the increase in petroleum prices. He added that additional impact would be adjusted through Petroleum Levy to maintain the current prices next month.
The Economic Co-ordination Committee (ECC) of the Cabinet is likely to approve issuance of a Rs 40 billion Sovereign Guarantee for power sector. Sources told Business Recorder that an ECC meeting to be chaired by Finance Minister Ishaq Dar would consider a proposal of Ministry of Water and Power regarding issuance of Sovereign Guarantee by Finance Ministry for Rs 40 billion Syndicated Term Finance Facility for power sector.
The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan''s first liquefied natural gas (LNG) re-gasification terminal. "Pakistan urgently needs to utilise its existing power generation capacity fully, while reducing its reliance on costly imported diesel fuel for electricity generation," said Mohammed Azim Hashimi, an investment specialist in ADB''s Private Sector Operations Department in a statement here on Friday.
SSGC's task force conducted an operation in Rustam Zikri Goth situated in Block 11 of Gulistan-e-Juhar, Karachi and disconnected more than 800 connections which were found using gas illegally. The illegal customers were stealing gas through rubber pipe network that was connected with SSGC's main distribution pipeline. The SSGC's task force took immediate action against culprits by removing all rubber pipes and accessories which were being used in this gas theft.


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln