SSGC notified a 24-hour gas holiday for all Industries in Sindh
Due to the shortages of gas supplies in SSGC's system, the availability of gas has decreased, resulting in the depletion of the line pack, causing low pressures in the system.…
Industry demands implementation of 9 cents/kWh Power Tariff: FPCCI
Mr. Saquib Fayyaz Magoon, Acting President FPCCI, has apprised that the industries in general, and industries in SMEs sector in particular, are on the verge of total collapse and shut…
Pakistan power generation for Jan’24 clocked in at 8,314GWh
· Power generation for the month of Jan'24 clocked in at 8,314GWh, increasing by 9.1%MoM while falling by 2.3%YoY compared to 8,515GWh in SPLY · Hydel generation remained down during…
NKATI chief demands rollback of gas tariff hike, warns of SMEs collapse
Faisal Moiz Khan, President of the North Karachi Association of Trade & Industry (NKATI), has condemned the caretaker government's significant increase in gas tariffs, deeming it disastrous for industries and…
Hexing to showcase innovative solar solutions at the Solar Pakistan Exhibition
Hexing Energy (Pvt) Ltd., a pioneering entity in sustainable energy solutions, will participate in the upcoming Solar Pakistan Exhibition from February 27th to 29th, 2024. The company is a subsidiary…
SSGC performs groundbreaking of Kathore to Surjani gas pipeline project.
Imran Maniar, MD, SSGC, performed the groundbreaking of the 24’ dia., 31-km gas pipeline project from Sales Meter Station (SMS) Kathore to SMS Surjani to supply gas to the western…
HUBC may distribute any surplus cash among the shareholders if there is no major capex requirement
Hub Power Company (HUBC) held its corporate briefing today to discuss 1HFY24 financial results and future outlook. Regarding dividend policy, management stated that any surplus cash would be distributed among…
HUBCO has received its share of USD 32 million from its joint venture, CPHGC..
The Hub Power Company Limited (HUBCO), Pakistan's largest Independent Power Producer (IPP), will hold its Corporate Analysts Briefing on February 20, 2024. A pre-briefing uploaded by HUBCO on the Pakistan…
Hyderabad Chamber of Small Traders & Small Industry expressed concern over the recent Rs 4.56 per unit electricity price hike
Muhammad Farooq Shaikhani, President of the Hyderabad Chamber of Small Traders & Small Industry, expressed concern over the recent 4.56 rupees per unit electricity price hike approved by the National…
KATI strongly opposes gas price surge
President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, vehemently rejected the recent surge in gas prices, asserting that this decision poses a severe threat to the…
SITE President demands to withdraw gas tariff hike
The President of the SITE Association of Industry, Muhammad Kamran Arbi, has condemned the recent increase in gas tariffs as approved by the Economic Coordination Committee and the caretaker government.…
Shaikhani has strongly criticised the ECC’s decision to implement a 65% increase in gas prices.
President of the Hyderabad Chamber of Small Traders and Small Industry, Muhammad Farooq Shaikhani, has strongly criticised the Economic Coordination Committee's decision to implement a 65% increase in gas prices.…
ECC decided that the revision of the sale price/ tariff should be consistent with the revenue requirements of the Sui companies.
The Federal Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar, presided over a meeting of the Cabinet's Economic Coordination Committee (ECC) today. The meeting was attended by the…
Pakistan plans White Oil Pipeline Project
In a landmark achievement, the signing ceremony of the MoU between the Stakeholders on the Consortium Formation for the Machike-Thallian-Tarujabba White Oil Pipeline Project was held today at SIFC Secretariat,…
Global LNG demand to grow more than 50% beyond 2040
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and Southeast…
HUBC announced an interim cash dividend of Rs4/share
Hub Power Company (HUBC) announced its 2QFY24 result wherein the company reported profit to equity owners of Rs15bn (EPS of Rs11.8), up 15% YoY while down 11% QoQ. HUBC announced…
Pakistan Refinery seeks EPC and financing for its expansion project.
Pakistan Refinery Limited (PRL) intends to undertake a mega major Expansion and Upgrade Project at its existing Refinery, located in Karachi, Pakistan and seeks Solicitation of Interest (SOI) from Contractors…
48-hours Gas Holiday for all Industries: SSGC
Due to the shortages of gas supplies in SSGC's system, the availability of gas has decreased, resulting in the depletion of line pack, causing low pressures in the system. Pursuant…
WAPDA organises Road Show in Bangkok for 300-MW Maiden Floating Solar Project in Pakistan
WAPDA organised a day-long Road Show in Bangkok today for the 300 MW-Floating Solar Project - the first of its kind in Pakistan.The Road Show aimed at forging an enhanced competition…
30% of Pakistan industries are closed due to a spike in gas prices
Muhammad Farooq Shaikhani, President of the Hyderabad Chamber of Small Traders & Small Industry, has expressed deep concern over the significant 194% surge in gas prices in November 2023. This…
SSGC’s 48-hour gas holiday for all industries
Due to the shortages of gas supplies in SSGC's system, the availability of gas has decreased, resulting in the depletion of the line pack, causing low pressures in the system.…
Circular debt reaching Rs6 trillion is shocking: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that it is…
SSGC notifies 48-hour gas holiday for all industries in Sindh
Due to the shortages of gas supplies in SSGC's system, the availability of gas has decreased, resulting in the depletion of the line pack, causing low pressures in the system.…
Actual generation in 2QFY24 fell by 15.2% compared to the reference
Power generation went down by 8.2% YoY to 7,726 GWh (10,385 MW) during Dec'23, compared to 8,417 GWh (11,313 MW) during Dec'22. However, On MoM basis, generation increased by 2.4%.…
Caretaker setup made the highest hike of 191 per cent in Industrial Gas tariff: KCCI.
President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh has said that the caretaker setup has surpassed the elected Governments in terms of raising industrial gas tariff, which…