contracts
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Electricity tariff cut on the horizon as contracts ended with five IPPs
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[ad_1] Energy Minister Awais Leghari addresses press conference in Islamabad, October 10, 2024. — Radio Pakistan ISLAMABAD: The federal government is aiming to cut the electricity tariff by up to Rs10 after the termination of power purchase agreement with five…
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Government cancelling contracts with 5 IPPs, says PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addressing the federal cabinet in Islamabad, on October 9, 2024. — Screengrab/Geo News The federal government has decided to terminate its contract with five independent power producers (IPPs) in the first phase, Prime Minister Shehbaz Sharif…
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Five IPPs ‘voluntarily’ terminating contracts with govt, says PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addressing the federal cabinet in Islamabad, on October 9, 2024. — Screengrab/Geo News After extended deliberations with the authorities, the five independent power producers (IPPs) have agreed to cancel their power purchase agreements (PPAs) with…
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Leghari rules out unilateral termination of IPPs contracts
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[ad_1] Federal Minister of Energy Sardar Awais Ahmad Khan Leghari. — APP/File Federal Minister for Power Awais Leghari has said that it is not possible for the government to unilaterally terminate agreements with the independent power producers (IPPs) as such…
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Energy czar, ex-minister trade barbs over IPPs contracts
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[ad_1] Federal Minister for Energy, Awais Leghari (left) and former federal interior and commerce minister Gohar Ejaz. —Radio Pakistan/AFP/File Federal Minister for Energy Awais Leghari has asserted that the government was not in a position to act unilaterally against independent…
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Mobile operators’ revenue contracts sharply | The Express Tribune
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[ad_1] ISLAMABAD: user (ARPU), a key tool for gauging the financial health of cellular mobile operators (CMOs), has declined sharply, setting off alarm bells for the telecom companies in Pakistan. The ARPU per month has dropped from $9 in 2003…
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Foreign investment contracts 29% | The Express Tribune
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[ad_1] KARACHI: Evaluating the risks of investment losses due to the persisting political and economic uncertainty in Pakistan, foreign investors were hesitant as the flow of investment into different sectors of the economy remained sluggish. Foreign direct investment (FDI) in…
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Engro Fertilisers’ profit contracts 4% to Rs5.5b | The Express Tribune
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[ad_1] KARACHI: Engro Fertilisers reported a 4% decline in profit after tax to Rs5.5 billion for the first quarter (January-March) of calendar year 2022 in the wake of a significant increase in finance cost. According to a notice sent to…
