PM directs to ease process for investment in energy sector

By MG News | September 05, 2019 at 10:38 AM GMT+05:00

0:00

September 05, 2019 (MLN): Prime Minister Imran Khan has directed to prepare a timeline based strategy to further ease the process for investors and investment in the energy sector.

He was chairing a briefing on creating easements, resolving people's problems, and simplifying the process and procedure for investment in the energy sector.

The meeting was informed that target for the transmission of 23,000 megawatt of electricity was achieved for the first time in country's history.

It was briefed that common people are allowed to purchase transformers from approved companies without seeking any No Objection Certificate to solve their problems at the earliest.

The meeting was informed that a pilot project has been started by Lahore Electric Supply Company (LESCO) to further ease the process for new electricity connection.

It was told that incidents of power failures in LESCO have been reduced to 108 this year from 1379 last year.

The Prime Minister appreciated the measures taken by the Energy Ministry to bring improvements in the power sector.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,055.00	109,565.00 107,195.00	570.00 0.53%
BRENT CRUDE	66.72	67.20 65.92	-0.08 -0.12%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.97	65.82 64.50	-0.55 -0.84%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%