Pakistan’s trade deficit reaches all-time high on July 11, 2018 KARACHI: At the end of the five-year term of Pakistan Muslim League (PML-N) led government, Pakistan’s trade deficit reached all-time high at $37.6 billion from $20.4 billion in Fiscal Year 2017-18. Before PML-N’s government, exports from Pakistan stood at $24.5 billion by the end of FY13, while the import bill of the country was […]
Nepra rejects K-Electric’s multi-year tariff revision request on July 6, 2018KARACHI: National Electric Power Regulatory Authority (Nepra) on Thursday has notified revised multi-year tariff (MYT) for K-Electric (KE) at a base rate of Rs12.81 /KwH, slightly up from the previously approved tariff of Rs12. 771/KWh. The period for the MYT shall be of seven years applicable from July 01, 2016 till June 30, 2023. KEL […]
Nepra rejects K-Electric’s multi-year tariff revision request on July 5, 2018KARACHI: National Electric Power Regulatory Authority (Nepra) on Thursday has notified revised multi-year tariff (MYT) for K-Electric (KE) at a base rate of Rs12.81 /KwH, slightly up from the previously approved tariff of Rs 12. 771/KWh. The period for the MYT shall be of seven years applicable from July 01, 2016 till June 30, 2023. […]
KE seeks extension in ‘useful life’ of power units installed in BQPS on July 5, 2018KARACHI: In order to address the shortfall of 400 MW and cater for future increase in power demand, K-Electric (KE) has sought generation license modifications for the useful life of units 1 and 2 installed under Bin Qasim Power Station-I (BQPS-I) Power Project. KE has also sought the approval of Power Acquisition Request (PAR) for […]
Price hike spree: Honda increases prices for third time in 2018 on July 2, 2018KARACHI: With General Elections in Pakistan less than a month away, all of local auto assemblers in the country are on a price-hiking spree citing dollar-rupee exchange rates’ fluctuation. Major auto makers like Indus Motors Company (Toyota) and Pak Suzuki Motor Company (PSMC) have already announced price hikes for their entire range of models in […]
Chinese companies joint venture to build 40MW waste-to-energy plant in Lahore on June 23, 2018KARACHI: The National Electric Power Regulatory Authority (Nepra) has accepted an application of the Lahore Xingzhong Renewable Energy Company (pvt) Limited for its 40 megawatt (MW) waste to energy project. Earlier the company had filed an application with Nepra for seeking a generation license for the 40 MW Municipal Solid waste (MSW) power project to […]
Chinese companies joint venture to build 40MW waste-to-energy plant in Lahore on June 22, 2018KARACHI: The National Electric Power Regulatory Authority (Nepra) has accepted an application of the Lahore Xingzhong Renewable Energy Company (pvt) Limited for its 40 megawatt (MW) waste to energy project. Earlier the company had filed an application with Nepra for seeking a generation license for the 40 MW Municipal Solid waste (MSW) power project to […]
Caretaker Sindh CM assures all possible support to K-Electric on June 21, 2018KARACHI: Caretaker Chief Minister Sindh Fazl-ur-Rehman chaired a meeting to review the power supply situation in the city and future investment plans of K-Electric (KE). The K-Electric delegation, headed by its Chairman Tayyab Tareen, apprised him that over US$ 1.4 billion have been invested in power infrastructure of the city which has resulted in exemption […]
Power tariffs set to rise as K-Electric allowed RLNG use on June 20, 2018KARACHI: The National Electric Power Regulatory Authority (Nepra) on Tuesday allowed K-Electric (KE) to utilize Re-Gasified Liquefied Natural Gas (RLNG) as an alternative fuel for its existing power plants. Since RLNG is thrice as expensive as natural gas, electricity rates in Karachi are expected to increase threefold following the decision. Earlier, considering the current demand/supply […]
China’s top explosive maker forms joint venture in Pakistan on June 16, 2018As part of a partnership, the Biafo Industries Limited, a local emulsion explosive manufacturer, will make a $2.62 million equity investment in an associated undertaking of the Company AuxinBiafo Chemicals (Private) Limited. AuxinBiafo is a joint venture agreement between the Biafo Industries Limited and Beijing Auxin Chemical Technology Limited, a subsidiary of China North Industries […]