Monem Farooqi

  • TLAHORE - The Mangla Dam Raising Project will remain a useless exercise as water level failed to increase even in flood season. Imagine, despite recent flooding the water level in the reservior is still below 10 ft of maximum conservation mark. The targete to raise conservation level was 1232 ft ...

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  • TLAHORE - The Pakistan power sector may hit its lowest ebb of crisis, jacking up the liquidity crunch of Pakistan Electric Power Company (PEPCO) to 78 percent within four months and touch Rs 402.28 billion from Rs 226 billion, the sources told The Nation here Wednesday. The sources concerned said ...

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  • TLAHORE - The Pakistan Electric Power Company (PEPCO) has asked all of its eight electric distribution companies (Discos) to take harsh stance and not to tolerate single day defaulter of its consumer in disconnecting the electricity facility owing the severe fiscal deficits being faced by the ...

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  • TLAHORE - The government has decided to hold on funds for the new schemes of Public Sector Development Programme (PSDP) 2008-09, with a view to facilitating Public Private Partnership (PPP) projects and reducing burden on these projects besides bridging the gap of rising budgetary deficit, the ...

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  • TLAHORE - The delay in completion of Rs 102 billion Mangla Dam upraising project has not only deprived the water-power-starved country of the last hope to get some additional water storage for irrigation within at least 8 years, but a power generation potential up to 644000 MW of electricity has ...

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  • TLAHORE - The government has assured the World Bank that it would change the existing gas formula and take step in phasing out the gas subsidy for the first slab of domestic consumers, sources concerned told The Nation here Tuesday A highly-placed petroleum ministry official confirmed that the ...

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  • TLAHORE - Water and Power Development Authority has started squeezing the demand for reducing electricity frequency to put aside 700MW besides some of the IPPs managed fuel to run 5 units out of 24 closed units, sources told The Nation on Monday. Sources said that the electricity shortfall on ...

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  • TLAHORE - As the country is plunging deeper and deeper into the energy crisis, the electricity shortfall has hit the record level of 7,075 MW owing to the forced shutdown of more than 24 units of power generation plants following the severe fuel scarcity, sources concerned told TheNation here ...

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  • TLAHORE - The government has accepted the cement manufacturers standpoint regarding Rs147 per bag increase in prices on the pretext that the manufacturing cost went up by 64.50 per cent; pushing the price up to Rs 375.60 in June 2008 from Rs 228.2. The government accepted this viewpoint during a ...

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  • TLAHORE - The government has decided not to participate in the seventh session of Pak-Afghan Joint Economic Commission (JEC) being held in Afghanistan at Kabul from July 26 to 27, sources told TheNation here Tuesday. The decision was taken in the Economic Coordination Committee (ECC) meeting here ...

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  • TLAHORE - Almost all major transactions of the Privatisation Commission have been shelved with the only exception of SME Bank, and even the bidding of this financial institution has also been delayed for another four months, The Nation leant on Monday. As the government is yet to initiate the ...

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  • TLAHORE - The fiscal 2008-2009 is being marked as a challenging year for cement manufacturers as the sector would face the rising costs and a slow down in demand with exports growing by 50 per cent during the period. The cement sales showed strong growth of 24pc as exports registered a growth of ...

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  • TLAHORE - The Water and Power Development Authority (WAPDA) owes Rs 10.05578 billion to the Independent Power Producers (IPPs) and oil suppliers. This amount is termed as late payment charges and is in addition to the out standing payment of Rs. 71.827 billion, sources concerned told The Nation ...

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  • TLAHORE - Almost all the 16 Independent Power Producers (IPPs) have refused to comply with the government directives issued time and again for maintaining 21 days furnace oil stock by saying they could not maintain the required furnace oil stock owing to outstanding payments from WAPDA, the sources ...

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  • TLAHORE - As the country is plunging deeper and deeper into energy crisis, the power generation capacity of public sector thermal power plants (Generation Companies) has been reduced to 59 per cent due to a number of factors, the most important being the aging aspect, as they are 23 to 33 years old. ...

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  • TLAHORE - The Water and Power Development Authority (WAPDA) resorted to 12 to 14 hours unannounced loadshedding throughout the country on Saturday following the electricity shortfall touched the record shortage of 5000 mw. The smooth electricity supply has become a dream for electricity consumers ...

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  • TLAHORE - The price of the 50 kg cement bag likely to shoot up by Rs 85 to Rs 395 straightaway following the increase of Federal Excise Duty and General Sales Tax on cement industry right at the advent of new fiscal year by July 01, it is learnt. The Federal government has increased Federal ...

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  • TLAHORE - The Water and Power Development Authority (Wapda) has finalised a new formula for General Sales Tax (GST) collection on electricity bills to be collected by July this year, which has been sent to the Ministry for the implementation, official sources told The Nation here Wednesday. ...

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  • TLAHORE - The government is considering to increase electricity peak hours tariff besides phasing out subsidy on electricity bills following the crash down of the government's National Energy Conservation Plan, sources told The Nation here Tuesday. They said the Water and Power Development ...

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  • TLAHORE - Pakistan has to adopt suitable financing mechanism for energy efficiency improvement projects besides remodelling country's overall energy demand and supply situation. An in-depth assessment of energy efficiency market and economy of Asian Development Bank (ADB) to be completed by next ...

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  • TLAHORE - Almost all the officials of Lahore Electric Supply Company (Lesco), right from its chief to SDOs, avoid attending calls on their official mobile phones following the mounting complaints of unannounced load-shedding and breakdowns rendering the citizens helpless. Highly placed Lesco ...

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  • TISLAMABAD - The Annual Plan 2008-2009 is silent over the arrangements for the investment to attain the projected 5.5 percent increase in GDP growth, being expected to stay around the last year's level of 21.5 percent of GDP. The budget documents indicate that the Annual Plan is looking forward ...

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  • TLAHORE - The government has decided to allow 7 per cent increase, to be announced by July this year, in the current electricity tariff for all except certain consumers, it is learnt. The ministry had earlier given assurance to the PEPCO with respect to hike in the context of plea put forward ...

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  • TLAHORE-The traders and shopkeepers stuck to their stance of discarding timing plans, while, the industrialists also continued to ignore the staggering holidays plan on the sixth day of electricity conservation plan. Whereas, the PEPCO management, misleading the Ministry, kept on giving a skewed ...

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  • TLAHORE - All the eight electricity distribution companies (DISCOs) of Pakistan Electric Power Company (PEPCO) have added unannounced one hour loadshedding to the existent 9 to 10 hour loadshedding despite the claims of achieving National Energy Conservation plan targets. The DISCOs have adopted ...

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  • TLAHORE - The government has decided for making taxes adjustments to bring the sky rocketing prices of edible oil and ghee down in the open market, sources told The Nation here Tuesday. The sources said that Planning Commission and Federal Board of Revenue (FBR) had been given task to draft ...

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  • TLAHORE - The cement scrips in the local share markets are being traded at highly irrational levels as the market players are luring the small investors by calculating cement production based on just growth in dispatches, ignoring the high input cost, which demands an early intervention of the ...

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  • TLAHORE-The National Energy Conservation Plan apparently could not take off as Pakistan Electric Power Company (PEPCO) could hardly manage to save 89 mw out of the 1000 mw target in its bid to overcome 4,500 mw power shortage after its decision to seek closure of shops by 9 pm, sources told The ...

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  • TLAHORE - The Ministry of Water and Power (MoW&P) has received a final legal notice and may enter into litigation with the 740 mw Munda Dam project sponsors if the Ministry fails in immediately withdrawing the project assignment letter to WAPDA. Talking to The Nation, the Ministry sources ...

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  • TLAHORE - The variety of problems are in full swing, especially in water and power sector of the country following the announcement of scraping the Kalabagh Dam after spending 18 per cent on the project. The total project cost including contingencies, escalation and interest during the ...

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