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Fuel and Energy: Pakistan


Federal Minister for Water and Power Khawaja Muhammad Asif called on Prime Minister Muhammad Nawaz Sharif on Monday and apprised him of power supply situation in the country in the backdrop of the massive shutdown. He said the system is gradually being brought back to normal as three plants have been connected to the national grid and within few hours the system would be largely restored.

Pakistan''s ongoing fuel shortage that has led to worsening power blackouts is weighing on its credit worthiness and hindering its ability to meet key reform targets laid out by the IMF, ratings agency Moody''s warned Monday. The country is currently in the grip of one of its worst power crises in years due to a shortfall in imported oil, with the situation exacerbated by an attack on a key powerline in Balochistan.
Punjab Minister for Food & Chairman Cabinet Price Control Committee Bilal Yasin has said that strict action will be taken against petrol pump owners for creating artificial shortage due to possible reduction in prices of petroleum products. All petrol pump owners have been directed to keep stock of petrol before February 1, the Minister said while presiding over a meeting of Cabinet Price Control Committee at Civil Secretariat here on Monday.
As the furnace oil prices are continuously declining, the Central Power Purchasing Agency (CPPA) has proposed a reduction in tariff by Rs 3.20 per unit for December 2014. The relief will be given to all categories of consumers except lifeline and K- Electric consumers. CPPA in its petition informed National Electric Power Regulatory Authority (Nepra) that its fuel cost was Rs 6.32 per unit in December as compared to the reference price of Rs 9.55 per unit.
The Ministry of Petroleum and Natural Resources has directed the gas utilities and Pakistan State Oil (PSO) to calculate the transportation charges of Liquefied Natural Gas (LNG) from Karachi to Lahore. The directives were given to Sui-Southern Gas Company Limited (SSGC), Sui-Northern Pipelines Limited (SNGPL) and PSO by Shaid Khaqan Abbasi, Federal Minister for Petroleum and Natural Resources while chairing a high level meeting of all stakeholders.
Indicating that Karachi, the country''s financial capital and economic hub, is going to face a major cut in power supply from the national grid, Minister for Water and Power Khawaja Asif said on Monday that the new pact with K-Electric - a private entity - will follow the Supreme Court''s verdict of equitable loadshedding from Karachi to Peshawar verbatim. It may be recalled that Pakistan Muslim League-Nawaz (PML-N) did not fare well in Sindh in the 2013 and other general elections.
Without naming Baloch insurgents, the secretary water and power Younas Dagha on Sunday said that the nation-wide power breakdown occurred due to a terrorist attack in Balochistan where "miscreants" destroyed two power supply towers on Och-Sibi transmission line. Speaking at a press conference, he said it was the third attack on two power supply lines in the same areas in about 12 days by militants.


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln