Putting the Balochistan issue at his priority list, Prime Minister Raja Pervez Ashraf invited Baloch nationalist leaders to hold negotiations with the government to resolve the crisis at the earliest. Speaking to his first cabinet meeting after being elected premier of the country, he said bringing stability and prosperity in Balochistan would be top priority […]
Energy crisis in Pakistan will be reduced to some extent claims Chaudhry Ahmad Mukhtar Wednesday, June 6, 2012: Chaudhry Ahmad Mukhtar,Water and Power Minister, on an optimistic note, has said that power production in Pakistan will improve gradually as efforts are under way to provide sufficient fuel to power plants to help them utilise maximum […]
Jun 7 2012 | Posted in
Business,
Pakistan |
Read More »
Pakistan loses Rs380 billion every year due to power crisis Thursday, May 31, 2012: Pakistan loses around 2%, or Rs380 billion, of GDP (Gross Domestic Product) every year due to the prevailing power crisis in the country. According to the to the Economic Survey 2011-12, the cost of subsidies given to the power sector during […]
Jun 1 2012 | Posted in
Business,
Pakistan |
Read More »
Moved by protests against loadshedding; the PM directs for release of 1.5bn rupees to Wapda Islamabad: (Wednesday, May 30, 2012) Moved by the country wide protests demanding an end to the prolonging loadshedding, Prime Minister Yousuf Raza Gilani here today directed the Ministry of Finance to urgently release Rs. 1.5 billion to WAPDA to settle […]
May 31 2012 | Posted in
Pakistan |
Read More »
Power tariffs to go up by Rs 1.25 per unit Islamabad: (Wednesday, May 16, 2012) The already non-available electricity is going to be costlier further as the Water and Power Ministry has increased the electricity tariffs by Rs 1.25 per unit. According to the news, the increase will be applicable with immediate effect. As per […]
May 16 2012 | Posted in
Pakistan |
Read More »
As power shortfall hit 8,000 megawatts on Thursday and protests fanned across Punjab, President Asif Ali Zardari directed Minister for Water and Power to take effective measures for elimination of unscheduled loadshedding. President Zardari convened an emergency meeting on the energy crisis, suggesting the concerned minister to establish a central control room in the Ministry […]
WAPDA agrees to buy two tunnel boring machines for Neelum Jhelum Hydropower project Monday, May 7, 2012: WAPDA (Water and Power Development Authority) has agreed to buy two tunnel boring machines for the Neelum Jhelum Hydropower project. In the original contract, which is being implemented by a Chinese company, there was no clause on Tunnel […]
May 8 2012 | Posted in
Business,
Pakistan |
Read More »
PSO wants power companies to buy oil on cash Thursday, April 26, 2012: Pakistan State Oil (PSO) has decided to stop the supply of oil to power companies on credit basis as the amount due is set to cross the Rs200 billion mark. The Ministry of Petroleum and Natural Resources has asked the Ministry of […]
Apr 27 2012 | Posted in
Business |
Read More »
KAPCO profits plunge by 17 percents due to rise in circular debts Wednesday, April 18, 2012: KAPCO (Kot Addu Power Company) has seen its profits decline in current fiscal year. As per calculations, the company’s profits have plunged by 17% to Rs4.36 billion due to rise in circular debts. The country’s second largest power producer’s […]
Apr 19 2012 | Posted in
Business,
Pakistan |
Read More »
Irrespective of their demands and even protest demonstrations, power consumers across the country have no path to fend off the sums that keeps to be added to their electric bills. In the latest blow, National Electric Power Regulatory Authority (NEPRA) has made an increment of Rs 6.39 per unit. Although they spared lifeline users consuming […]
Farmers in Sindh likely to face water shortage of around 40 to 50 per cent in April Friday, March 16, 2012: As per commendable sources, Water levels in Mangla and Tarbela reservoirs have reached an alarming level. If the problem persists, the farmers in Sindh will face a water shortage of around 40 to 50 […]
Mar 17 2012 | Posted in
Business,
Pakistan |
Read More »
Tribes insist on renaming the Munda Dam project in Mohmand Agency The controversial Munda Dam has shot back into limelight yet again after the representatives of Swat revoked their long stand over the issue. KPK assembly representatives from Swat renewed their call for serious consultations regarding the issue and welcomed the move of […]
Feb 24 2012 | Posted in
Pakistan |
Read More »