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National Electric Power Regulatory Authority (Nepra) on Tuesday allowed power distribution companies (Discos) to increase tariff by 43 paisa per unit for July 2014 under the monthly fuel adjustment mechanism. This decision was taken by the regulator in a public hearing presided over by its Vice Chairman, Habib Ullah Khilji, on a petition filed by the Central Power Purchasing Agency (CPPA).

Punjab can produce 58.42 million tons of bio-mass from sugarcane, wheat, rice, cotton and maize crops as per a survey conducted in 2013 out of which, 27.85 million tons can be used for production of electricity after meeting the domestic requirements.
Bioenergy is a versatile source that can be used to overcome electricity challenge besides making a considerable contribution to climate change phenomenon. This was crux of the speeches delivered at the International conference on "Bio-Energy as Alternative Fuel" jointly organized by the Lahore Chamber of Commerce and Industry, Pakistan Council of Scientific and Industrial Research (PCSIR) and Umeed Foundation Trust and Government of Punjab.
The Ministry of Petroleum and Natural Resources (MP&NR) has resorted to delay in regulating prices of Liquefied Petroleum Gas (LPG) due to unknown reasons, it is learnt. According to petroleum ministry official, a summary for regulating the LPG prices was under consideration, but was not sent to the Economic Coordination Committee (ECC) of the Cabinet for final approval.
The Ministry of Petroleum and Natural Resources on Monday awarded a Model Petroleum Exploration License (MPCL) to Canadian-based Tallahassee Resources Inc in Karak North Block. Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi was the chief guest at the signing ceremony.
The Ministry of Water and Power has reportedly sought the government approval to extend contract with Iranian company M/s TAVANIR for 74 MW electricity import for Balochistan, sources close to Secretary Water and Power told Business Recorder. The sources said Wapda and Power Generation & Transmission Management Company Iran (TAVANIR) entered into a contract for 30 years for sale and purchase of 32 MW electricity on November 6, 2002 at 3 cents per unit for an initial period of three years to meet the demand of Makran Division, Balochistan.
The government has finalised preparations for participation in a Joint China Commission (JCC) meeting scheduled to be held in Beijing to review the progress of the ongoing energy and infrastructure projects. The meeting presided over by the Prime Minister Nawaz Sharif on Monday reviewed the agenda of the third JCC meeting to be held in the current week.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln