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Fuel and Energy: Pakistan


The Ministry of Water and Power has reportedly put on hold its plan to increase power tariff by Rs1.30 per unit for domestic consumers due to Pakistan Tehreek-e-Insaf (PTI) scheduled million march on August 14, 2014, well-informed sources told Business Recorder.

Ministry of Information Technology and Telecommunications (MoIT) has completed a project which was launched to introduce a system to conserve energy usage in buildings. The energy conservation, cited as the 'most important fuel' in energy generation, is possible in buildings only if usage is known in real time.
Sui Northern Gas Pipelines Limited (SNGPL) is to suspend gas supply to the Compressed Natural Gas (CNG) stations in Punjab from Saturday (today). According to the SNGPL gas load-management plan, gas supply to CNG outlets in Punjab was restored for five days on Eid-ul-Fitr. Now, the old schedule will again be followed, ie, supply of gas for two days a week on Mondays and Thursdays for 9 hours per day starting August 4.
Pakistan''s energy crisis could best be addressed through a holistic approach integrating immediate improvement in current generation and supply systems with judiciously planned exploitation of diverse sources, top experts emphasised at a one-day conference.
Tariq Fatemi, a top diplomat, has wrapped up his US visit during which he met with senior Obama administration officials, key legislators and think-tanks members, saying there is appreciation for the way Prime Minister Muhammad Nawaz Sharif is tackling the energy crisis and confronting the scourge of extremism and militancy.
Asian Development Bank (ADB) is considering to provide financial assistance to Fast Track LNG Import Terminal Project (ITP), Port Qasim, Karachi, which is a joint venture of Engro Corporation (Pakistan) Limited (50%) and Royal Vopak of the Netherlands (50%).
The Executive Committee of National Economic Council (ECNEC) has approved Rs 11.277 billion Wind Power Plants (WPPs) at Jhimpir & Gharo clusters. Source said it is anticipated that around 1,756 MW power from Wind Power Plants (WPPs) at Jhimpir & Gharo clusters will be available from 2016. The project envisages evacuation of power from wind power plants at Jhimpir & Gharo Wind Clusters through construction of 220 KV and 132 KV double circuit transmission lines along with associated 220 KV sub-stations at Jhimpir and Gharo and extension of 500/220 KV sub-station at Jamshoro.


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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 28, 2014
Reserves $13.582 bln