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Fuel and Energy: Pakistan


The bidding of Gambat South EWT project by the Pakistan Petroleum Limited (PPL) has created a controversy, as one of the contenders has challenged the process by sending a legal notice followed by formal legal action during the ongoing week.

The long-awaited CNG bus project that had to be inaugurated until September 2 (today) is still waiting for green light to get started, while government is well aware that due to extreme shortage of buses people are compelled to travel on the rooftops of buses putting their lives at risk and traffic on roads is getting more and more thicker/ congested day by day.
Prices of imported Liquefied Petroleum Gas (LPG) continue to move downward and posted another decline of $21 per ton for September 2014. New Saudi Aramco Contract Price for LPG import declined to $773 per ton for this month as compared to previous $794 per ton.
The hydel power stations operated by the Pakistan Water and Power Development Authority (Wapda) delivered 2236 million units of electricity to the national grid in August 2014 as compared to 2143 million units generated during the corresponding period last year. This generation registered an increase of 93 million units at a time when the country is in dire need of electricity.
The National Electric Power Regulatory Authority (Nepra) is holding a public hearing in the issue of monthly fuel adjustment charges in Karachi on 4th September. According to Nepra officials, this public hearing is being held on a plea of K-Electric before the regulatory body with a view to decrease rates on account of fuel adjustment charges for the months of April, May and June 2014.
On the recommendation of Finance Minister Senator Mohammad Ishaq Dar, Prime Minister Nawaz Sharif has approved reduction in the prices of petroleum products for the month of September 2014. The following will be the new prices of the POL products during the month. The Finance Minister has observed that the POL prices would have been further reduced, had not the rupee value depreciated, during the month of August, due to the ongoing political situation.

Power Distribution Companies (Discos) with a view to showing reduction in losses have reportedly sent inflated bills, well-informed sources told Business Recorder. Discos have sent extra reading over and above the consumed units which is the main reason for the inflated bills, the sources added. The government has also shown improved recoveries by withdrawing Rs 1.30 per unit subsidy for those consumers using 200-300 units in a month as per agreement with the International Monetary Fund (IMF).


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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