Cabinet approves implementation roadmap of CTBCM: Senate told

MG News | February 01, 2022 at 01:52 PM GMT+05:00

0:00

February 01, 2022: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Tuesday informed the Senate that the Federal Cabinet has approved the design and implementation roadmap of the Competitive Trading Bilateral Contract Market (CTBCM).

Responding to various questions during the questions hour, Ali Muhammad Khan said that the CTBCM is a complete framework that would initially provide the enabling mechanism for the sale by private generators and purchase of electric power by the Bulk power consumers (consumers having more than 1MW electric power connection).

In a written reply by the Ministry of Energy said that it is envisaged that operations of CTBCM will start by May 1, 2022, which will mark the commencement of the multi-buyer and seller market in Pakistan.

APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%