Govt brings much-need reforms to streamline energy matters: Hammad Azhar

News Image

MG News | January 14, 2022 at 01:17 PM GMT+05:00

0:00

January 14, 2022: Minister for Energy Hammad Azhar Friday said the government has brought the much-needed reforms to streamline the matters related to pricing of the imported gas for the domestic sector, new electricity generation contracts through a competitive and transparent process.

Elaborating the two key energy reforms, the minister tweeted that the law allowing “the government to price in imported gas for domestic supplies has been passed by the National Assembly and now it will be sent to the Senate.” Describing the law as a ‘historic and much-needed reform,’ he said it would help ensure the energy security of the country.

Besides, the minister said a few months ago the government passed the IGCEP (Indicative Generation Capacity Expansion Plan) framework from the Council of Common Interests.

The framework, he said “ensures that the government will only sign new contracts for electricity when required and only through a competitive and transparent process. This too is a key reform away from the previous practice of controversial procurements.”

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 163,806.22
499.25M
-0.39%
-638.50
ALLSHR 99,845.79
1,964.98M
-0.42%
-417.42
KSE30 50,123.85
152.89M
-0.68%
-343.31
KMI30 238,530.50
71.07M
-0.36%
-850.63
KMIALLSHR 65,898.10
540.65M
-0.37%
-245.35
BKTi 46,380.96
92.03M
-0.49%
-229.01
OGTi 31,857.40
12.24M
-1.20%
-387.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 104,900.00 109,470.00
103,745.00
-3545.00
-3.27%
BRENT CRUDE 60.75 61.11
60.14
-0.31
-0.51%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-0.75
-0.92%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.35
0.38%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 56.76 57.09
56.15
-0.23
-0.40%
SUGAR #11 WORLD 15.71 15.88
15.65
-0.09
-0.57%

Chart of the Day


Latest News
October 17, 2025 at 04:14 PM GMT+05:00

PKR strengthens 1.21 paisa against USD


October 17, 2025 at 04:01 PM GMT+05:00

Pakistani Shariah-Compliant Insurer plans $3.9m IPO


October 17, 2025 at 04:00 PM GMT+05:00

Sindh Govt unveils major Rs56bn wheat support plan


October 17, 2025 at 03:52 PM GMT+05:00

Pakistan opens 5th Africa trade conference in Addis Ababa


October 17, 2025 at 03:45 PM GMT+05:00

Fertilizer offtake increases 2.4% YoY



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg