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Fuel and Energy: Pakistan


The Sui-Northern Gas Pipelines Limited (SNGPL) management has suspended gas supply to general industrial units and reduced the gas to textile units from eight hours a day to 4 hours a day owing to serious gas shortage which has reached 1.1 Billion Cubic feet per Day (BCFD) mark.

National Transmission and Despatch Company (NTDC) is likely to challenge the determination of Justice Sair Ali (retired) in the international court at London, in which the arbitrator wrongly approved payment of Rs 11 billion to be paid to nine Independent Power Producers (IPPs), well informed sources told Business Recorder.
The annual deficit of Peshawar Electricity Supply Company (PESCO) has been reduced from Rs 34 billion to Rs 16 billion while Line Losses were reduced by 2% and Recovery increased by 2%. This was told to Board of Directors (BoD) 102nd meeting held at Wapda House Peshawar. Chairman BoD Malik Muhammad Asad Khan presided over the meeting. Company Secretary Yasar Naseem presented Minutes of 101st BOD meeting which were approved after detailed discussion.
The Auditor General of Pakistan (AGP) has unearthed burdening of electricity consumers by National Electric Power Regulatory Authority (Nepra) by including Independent Power Producers (IPPs) capital cost of $5.481 billion in tariff as a special favour to investors.
ImageThe United States Agency for International Development (USAID) has spent Rs7.3 billion to upgrade Multan region's power supply system. This was stated by Multan Electric Power Company's (Mepco) chief executive Engr. Fazalullah Durrani while briefing media persons about successful completion of USAID's power distribution programme (PDP) here on Sunday.
National exchequer has to face losses of billions of rupees due to slackness and poor performance of Islamabad Electric Supply Company (IESCO) during last one decade. According to sources of Federal Ministry of Water and Power, IESCO had to recover pending amounts of Rs 35.47 billion from 57,680 defaulters but it had failed to recover the said amount from the electricity consumers despite a passage of 10 years.
CNG stations will remain close in Karachi for 4 days instead of 3 in the upcoming days. Federal Board of Revenue (FBR) had demanded to levy an additional tax of Rs 4 billion from Sui Southern Gas Company (SSGC). SSGC will now obtain the amount as per order of the FBR.


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln