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The Energy Minister says the government and independent power producers are on the same page to bring down energy prices – Trendy Blogger

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The Energy Minister says the government and independent power producers are on the same page to bring down energy prices – Trendy Blogger

Federal Minister of Energy (Energy Department) Awais Leghari on Sunday said there is consensus between the government and independent power producers (IPPs) to reduce electricity prices, as financially challenged consumers struggle with unaffordable tariffs and little hope of immediate relief. Legari, along with sector officials and an economist, addressed the controversial issue of agreements with … Read more

Shares surpassed an all-time high of 84,900 supported by rising energy – Trendy Blogger

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Shares surpassed an all-time high of 84,900 supported by rising energy – Trendy Blogger

Stock brokers watch news on TV in a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. – Reuters Stocks on Monday surpassed a record high of 84,900, driven by a massive rally in the energy sector and growing optimism about potential interest rate cuts, traders said. The … Read more

Stocks closed at 83,000 as economic optimism increased – Trendy Blogger

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Stocks closed at 83,000 as economic optimism increased – Trendy Blogger

  A broker takes a picture of the trading screen at the Pakistan Stock Exchange. – Reuters/File After a day of flat close, stocks jumped on Thursday, testing the 83,000 resistance level as easing inflation pressures and hopes of further interest rate cuts, coupled with improving economic indicators, prompted investors to snap up high-yielding stocks. … Read more

Five independent power producers “agreed” to the government’s request to terminate the “power purchase” contract. – Trendy Blogger

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Five independent power producers “agreed” to the government’s request to terminate the “power purchase” contract. – Trendy Blogger

  A power transmission tower in Karachi on January 24, 2023. — Reuters IPPs must terminate contracts once the modalities are finalized. The government will provide up to Rs 150 billion in terms of capacity payments. The current administration is negotiating the dues owed to independent energy buyers. ISLAMABAD: At a time when the current … Read more