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Last update: Sat, 01 Oct 2016 09am

Industries & Sectors

Pakistan - Industries & Sectors

NEPRA approves Rs2.56 per unit cut in power tariff ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Friday approved Rs.2.56 per unit reduction in power tariff for August under monthly fuel adjustment formula.The regulator approved the tariff reduction on a petition filed by Central Power Purchase Agency (CPPA).However, the reduction would not be applicable to the consumers of K-Electric and those who used upto 300 units.The relief would be given in billing of next month.The CPPA on behalf of power distribution sought reduction in power tariff owing to reduce fuel prices.The regulator was informed that 40 per cent electricity was generated from hydle, 28 per cent from furnace oil and 24 per cent from gas. A benefit of Rs.26 billion would be passed on the consumers on account of low fuel prices and better energy mix. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Industries & Sectors

30 km Jacobabad-Shikarpur gas pipeline to complete soon ISLAMABAD: Minister of State for Petroleum and Natural Resources Jam Kamal Khan Thursday said the 30 km Jacobabad-Shikarpur gas pipeline would complete soon.During his visit to the office of Sui Southern Gas Company (SSGC) Quetta, he said the natural gas supply to Quetta and other districts would improve after completion of the gas pipeline, said a press release issued here.The minister was briefed on challenges being faced in curbing UFG (unaccounted for gas) and progress ...

Pakistan - Industries & Sectors

OGRA urged to take action against LPG 'mafia' for increasing price without justification ISLAMABAD: Chairman Liquefied Petroleum Gas Distributors Association Pakistan (LPGDAP) Irfan Khokhar Thursday urged the Oil and Gas Regulatory Authority (OGRA) to take action against the LPG `mafia' for increasing the commodity price without any justification.Addressing a news conference along with Punjab and Islamabad- based presidents of the association here, he said "LPG marketing companies are looting the consumers by selling locally produced LPG in the name of imported gas because its price has surged in ...

Pakistan - Industries & Sectors

CCP imposes penalty on private, public sectors companies ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed penalty on different private and public sector companies for indulging in deceptive marketing practices in violation of Competition Act, 2010.The CCP imposed penalty on Banking and finance, telecom, Agriculture and education sector organization to stop the mal- business practices and maintain transparency in the market, an official of CCP told APP here on Thursday.Before Competition Commission of Pakistan (CCP) conducted neutral inquiry for maintaining transparency in ...

Pakistan - Industries & Sectors

32 new blocks being awarded to step up oil, gas exploration ISLAMABAD: The Ministry of Petroleum and Natural Resources is in the process to award 32 new blocks to oil & gas exploration companies operating in different parts of the country."Under the petroleum policy 2012, 46 new blocks have already been awarded, while the clearance process has been initiated for award of 32 more exploration blocks to E&P Companies through a transparent bidding process," official sources told APP.Besides, they informed that the ministry had awarded 70 ...

Pakistan - Industries & Sectors

Chinese company shows interest to invest in health sector ISLAMABAD: A Chinese pharmaceutical company has expressed keen interest in investment in the healthcare sector specially medical equipment in Pakistan.A delegation of Chinese National Pharmaceutical Group Corporation Sinopharm expressed its interest during meeting with the minister for National Health Services, Regulations and Coordination, Saira Afzal Tarar here on Tuesday.The delegation also discussed joint investment in vaccine production.China National Pharmaceutical Group Corporation (Sinopharm) was the largest medical and healthcare group under the direct leadership of the ...

Pakistan - Industries & Sectors

Federal govt paid Rs22,290mn oil, gas royalty to Punjab ISLAMABAD: The Federal Government has paid Rs 22,290 million oil and gas royalty to Punjab during last four years, official sources in the Ministry of Petroleum and Natural Resources said."The amount was paid to the province from the financial year 2012-013 to 2015-16 (April 30, 2016) for onward distribution among the oil and gas producing districts," they told APP.The sources informed that the roylty was distributed among eight oil and gas producing districts of the ...