No marked improvement in supply even after Rs 342 billion payout!
The greatest puzzle is where the Rs 342 billion paid to IPPs go? Power sector experts maintain that the answers to these puzzling questions lie in the earlier payout of Rs 301 billion to the IPPs and other Gencos in 2009-10 that were parked on the books of Power Holding Company Limited. more... (BR)
Import of urea: approval by ECC turns out to be mega scandal
The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other's definition of "emergency". more... (BR)
TCP postpones urea tender: PPRA rules violated: TI Pakistan
The Trading Corporation of Pakistan (TCP) on Wednesday postponed opening of urea import tender as the Transparency International Pakistan has accused it of violating Public Procurement Rules 2004. more... (BR)
Rs 220 billion subsidy may prove inadequate
The budgeted subsidy of Rs 220 billion for the power sector may not be adequate for the current fiscal year if no decision on rationalisation of tariff structure, improved efficiency in the system through reduced transmission and distribution losses and better fuel mix is taken as soon as possibl. more...(BR)
Rs 5.271bn proposed for employment generation schemes
An amount of Rs 5.271 billion is proposed for the year 2013-14 to fund 10 ongoing projects of Ministry of Education and Training including Rs 350 million to National Vocational and Technical Training Commission (NAVTTC) to fund 134 development projects.
Iran to take wheat for power in barter with Pakistan
Iran has agreed to take wheat worth $9 million from Pakistan in exchange for settling part of payment owed by Pakistan for electricity supply, Iranian Deputy Energy Minister Mohammad Behzad was quoted by the MEHR news agency as saying. more...(DT)
EOBI scam: DHA given two days to deposit Rs 22 billion
Hearing a suo motu notice case of alleged corruption of Rs 40 billion in the Employees' Old-Age Benefit Institution (EOBI) on Wednesday, the Supreme Court granted two days to Defence Housing Authority (DHA) to deposit Rs 22 billion with the Registrar's office; or, have its accounts frozen. more...(BR)