Karachi, August 11, 2024 – In a move that is likely to raise eyebrows, the Federal Board of Revenue (FBR) has extended tax concessions worth a staggering Rs 41 billion to the power sector for the tax year 2024.
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You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
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Mari Petroleum Achieves Record Annual Earnings in FY24
Karachi, August 8, 2024 – Mari Petroleum Company Limited announced on Thursday that it achieved its highest-ever annual earnings for the fiscal year 2023-24, marking a significant milestone in the company’s history.
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Finally, KE Extends Electricity Bill Payment Deadline
Karachi, August 6, 2024 – Karachi Electric (KE) has announced an extension for electricity bill payments, responding to consumer demands and following directives from Prime Minister Shehbaz Sharif. This move comes as a relief to many residents grappling with the recent surge in power costs.
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OGDCL Announces Major Gas Discovery in Pakistan
Karachi, August 6, 2024 – The Oil and Gas Development Company Limited (OGDCL), a prominent player in Pakistan’s energy sector, has announced a significant new gas discovery in the country.
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High Petroleum Prices Cut Sales 11% YoY in July 2024
Karachi, August 2, 2024 – High petroleum prices have significantly impacted the oil sector, reducing sales by 11% year-on-year (YoY) in July 2024, according to research analysts at Arif Habib Limited. Total petroleum sales for the month stood at 1.20 million tons, reflecting the challenging market conditions.
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President Zardari Seeks Viable Solution to IPPs Capacity Charges
Islamabad, August 2, 2024 – President Asif Ali Zardari has urged for a collaborative and effective solution to address the rising energy costs in Pakistan. He proposed that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) should form a committee to work with the President’s office in developing a viable strategy to manage the payment of capacity charges to Independent Power Producers (IPPs).
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Minister Assures Capacity Payment Issues Will Be Resolved Soon
Islamabad, August 1, 2024 – Federal Minister for Power Awais Ahmad Khan Laghari has assured that the ongoing capacity payment issues affecting electricity tariffs will be resolved soon.
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Pakistan Slashes Petroleum Prices for Half of August 2024
Islamabad, July 31, 2024 – In a move set to provide much-needed respite to citizens grappling with high electricity bills and taxes, Pakistan announced a significant reduction in petroleum prices for the first half of August 2024. This development comes as a response to the recent decline in global oil rates.
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Pakistan May Cut Petroleum Prices for First Half of August 2024
Islamabad, July 31, 2024 – Pakistan is poised to provide much-needed relief to consumers with an anticipated decrease in petroleum prices for the first half of August 2024.
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FBR Clarifies 100% Tax Credit for Sindh Coal Mining
Karachi, July 30, 2024 – The Federal Board of Revenue (FBR) has issued a crucial clarification regarding tax credits for coal mining operations in Sindh. According to the latest Circular No. 1 of 2024-25, which outlines amendments made to the Income Tax Ordinance, 2001 through the Finance Act, 2024, a 100% tax credit is available for income exclusively derived from coal mining activities in Sindh.
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