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Fuel and Energy: Pakistan


A high-level meeting presided over by the Secretary Water and Power, Younas Dagha on Thursday remained inconclusive and the much-awaited revised Power Purchase Agreement (PPA) and new Gas Supply Agreement (GSA) with K-Electric was not approved, well informed sources KE told Business Recorder. The representative of Sui Southern Gas Company Limited (SSGCL) informed the meeting that they are still negotiating the Gas Supply Agreement (GSA) whereas the issue of PPA did not come under discussion.

The Asian Development Bank (ADB) and the government on Thursday signed agreements for combined loan assistance of nearly $800 million to boost Pakistan''s power sector efficiency and reforms. Tariq Bajwa, Secretary Economic Affairs Division, and Werner E Liepach, ADB''s Country Director for Pakistan signed an agreement for a $400 million loan for tranche 1 of the Multi-tranche Second Power Distribution Enhancement Investment Program.
The Petroleum Institute of Pakistan (PIP) launched the fifth edition of its flagship bi-annual Pakistan Energy Outlook, PEO document during the Annual Technical Conference. PIP CEO Asim Murtaza Khan said the PEO Document attempted to further advance the relevant policy deliberation and to offer its contribution to the energy sector.
Minister for Petroleum and Natural Resour-ces Shahid Khaqan Abbasi appeared visibly irritated at the failure of the Economic Co-ordination Committee (ECC) of the Cabinet in its meeting on November 25, 2015 to fix the price of imported Re-gasified Natural Gas (RLNG), well informed sources told Business Recorder. The Minister told Business Recorder that the sale purchase agreement will be considered in the ECC meeting on Friday (today).
The government and other stakeholders have failed to reach any decision on the issue of outstanding dues to the tune Rs 136 billion on account of Gas Infrastructure Development Cess (GIDC) against various gas consumers. According to senior officials in the Ministry of Petroleum and Natural Resources, the GIDC was imposed on different gas consumers in 2012 and since then an amount of Rs 136 billion has been collected from gas consumers, while an amount of Rs 136 billion was still outstanding against them.
Finance Minister Ishaq Dar Thursday chaired a meeting to discuss the modalities and arrangements for another set of power projects in different areas of the country totalling 1000 MW. Federal Minister for Water and Power, Khawaja Asif and Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi were present, said a statement issued by Ministry of Finance.
The Economic Co-ordination Committee (ECC) of the Cabinet has postponed the approval of much-awaited price of LNG import till next meeting and allowed Wapda to raise Rs 244 billion for Dasu and Neelum-Jhelum hydro project.


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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 23, 2015
Reserves $19.713 bln