By NewzTodays Editorial Team | June 15, 2022

The power crisis may worsen as Pakistan State Oil (PSO) has failed to arrange required furnace oil cargoes which may lead to drying up stocks in the country The petroleum division had informed Prime Minister Shahbaz Sharif that the PSO had only received offers of one cargo of RFO against a bid of three cargoes…

By NewzTodays Editorial Team | June 15, 2022

News Report The National Electric Power Regulatory Authority (Nepra) on Tuesday approved an increase in electricity tariff of Rs 5.28 per unit for KE consumers on account of fuel adjustment for the month of April 2022. KE had sought an increase in the tariff by Rs 5.30 per unit on account of fuel adjustment for…

By NewzTodays Editorial Team | June 7, 2022

The CNG industry unveiled a plan to save $2.1 billion in import bills by providing 53 per cent cheaper gas than vehicle petrol. It may be possible if the government facilitates the import of LNG. Even though all regulatory requirements are in place, government companies still monopolize LNG import and distribution. In the last five…

By NewzTodays Editorial Team | June 3, 2022

Islamabad The Oil and Gas Regulatory Authority (Ogra) has raised gas prices by up to 45 per cent in order to meet the revenue shortfall of the gas utilities. In a decision, the oil and gas regulator has allowed Sui Northern Gas Pipeline Limited (SNGPL) an increase of 45 per cent. The gas utility had…

By NewzTodays Editorial Team | June 3, 2022

United States (US) has selected 17 female university students from Pakistan to take part in the Future of Women in Energy Scholars Program.   United States Mission Pakistan announced to launch of the inaugural four-week Program.   US has attributed the Future of Women in Energy Scholars Program to U.S.-Pakistan Women’s Council (USPWC).   The…

By NewzTodays Editorial Team | June 2, 2022

IPPs payable swell to the Rs 1.6 trillion mark Ibn-e-Ameer The government has approved Rs 50 billion to mitigate the worst power outages in the country, adding miseries in life of the masses. In a recent meeting, the economic coordination committee (ECC) approved Rs 50 billion grant to mitigate the worst electricity load-shedding across Pakistan….

By NewzTodays Editorial Team | May 31, 2022

Zeeshan Javed Brushing aside Pakistan’s serious objections to building a 1000 MW with 88000 Acre Feet (AF) water storage capacity in Pakal Dal Reservoir on Chenab River, India has assured a visiting Pakistani delegation to review and revise some structural design of spillways. The visitors headed by the commissioner of the Pakistan Commission on Indus…

By NewzTodays Editorial Team | May 18, 2022

Pakistan’s startup ecosystem is ready for lift-off now as the investment forecast in Pakistani startups is more than $600 million by end of this year, said CEO Ignite here on Wednesday. A Saudi delegation headed by Mr. Abdul Rahman Mohammad A. Alghimlas, Chairman Marina Morabaha Financing Company, along with Mr. Jalal, CFO, Mr. Taha Abdullah…

By NewzTodays Editorial Team | April 27, 2022

LAHORE: The LPG Industries Association of Pakistan has proposed the new government slash LPG prices in Pakistan by Rs 100 per kg to provide relief to the poor. The association has welcomed the new and popular government, led by PML-N, and keeping in view the efforts and noble intentions of Prime Minister Muhammad Shahbaz Sharif to…

By NewzTodays Editorial Team | April 27, 2022

Zeeshan Javaid The Russian state-owned company Gazprom, one of the world’s largest fuel suppliers, finally decided at the very first stage to cut the gas supply to Poland on April 27 morning. Despite repeated attempts by Moscow to convince EU member countries to stay away from the ongoing military conflict between Russia and Ukraine, Poland…