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Thread: Govt to reduce power prices after completion of projects, says PM

  1. #1
    Senior Member Wajid47's Avatar
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    Nov 2012
    Pakistan Pakistan

    Govt to reduce power prices after completion of projects, says PM

    RAIWIND: Prime Minister Nawaz Sharif said Wednesday that the government’s hands were tied and it was forced to increase electricity prices, DawnNews reported.

    Addressing party workers at his residence in Raiwind, the premier said the government would reduce the electricity tariff after completion of new power projects.

    Last week, the Pakistan Muslim League – Nawaz (PML-N) federal government had notified a massive increase of over 70 per cent in power tariff to be effective from November 1.

    A tariff revision was made through the National Electric Power Regulatory Authority (Nepra) on directives issued by the Supreme Court earlier this month.

    Speaking about an ongoing operation to restore law and order in Sindh’s provincial capital Karachi, the premier said the government was not under any political pressure to conduct targeted operations.

    He said citizens of Karachi were satisfied with steps taken by the government to rid the city of criminal elements and extortionists.

    He moreover said that the PML-N government had assumed charge over the nation in difficult times, adding that it wanted lasting solutions to the problems faced by the country.

    The premier said the government would undertake tough decisions to enforce law and order in the country.

    Earlier, the prime minister offered Eidul Azha prayers along with his brother, Chief Minister Punjab Shahbaz Sharif, at their residence.

    Hussain Nawaz, Hassan Nawaz, Hamza Shahbaz, former DG ISI Lt Gen (Rtd) Javed Nasir, parliamentarians, provincial legislators, office bearers and party workers also offered prayers with the prime minister.

  2. #2
    Member saeed1000's Avatar
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    Oct 2014
    Pakistan Pakistan

    28% cut in int’l oil rates: Govt needs to slash POL prices by 20%

    ISLAMABAD: After a sharp decline of almost 28% in world Brent crude oil, trading from $114 in mid-June to $78 per barrel nowadays, it is expected that Pakistani government would provide further relief to the countrymen in shape of hefty cut of Rs 10 per litre in petrol prices.
    Standing Committee on Finance in its recent meeting has asked the CCP to play its active role in slashing of POL prices by at least Rs 20/lite.
    Customs Today also demanded of the government in its report published on November 17 that the government should at least decrease petrol price by Rs 14/litre till November end and then same Rs 14/litre in December end.
    Earlier this month, the government slashed fuel prices by up to Rs09.43 per litre.
    Commenting on the global trend, government officials said that domestic oil prices were likely to come down by Rs10 per litre for the month of December.
    However, they said, the final calculation is to be made by the Oil and Gas Regulatory Authority (Ogra) on Friday (today).
    Following the expected cuts next month, the price of High Speed Diesel (HSD), which is widely used in heavy transport vehicles and the agriculture sector, is likely to come down by Rs8 per litre.
    Similarly, the price of petrol could witness a cut of Rs10 per litre against its current price of Rs94.19 per litre. Kerosene oil, which is used as kitchen fuel in remote areas of the country, may record a decrease of Rs5 per litre. Its current price is Rs87.52 per litre.
    Likewise, consumers of High Octane Blending Component (HOBC), used mainly in luxury vehicles, are likely to enjoy a reduction of Rs10 per litre against the current price of Rs116.45 per litre.
    The 28 per cent drop in the value of Brent crude, triggered by a sharp rise in US shale oil output, has provided an unparalleled opportunity for governments across the globe to slash rising fuel prices.
    Attached Thumbnails Attached Thumbnails nawaz.jpg  

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