Volatility marred the outgoing week at PSX as sharp ups and downs punctuated the daily trading session amid uncertainty stemming from budget announcement.
Power generation rises 30% in March
Increase seen due to shift of industries from own power generators to national grid
Privatisation Commission has geared up for the sale of power distribution companies and will do its best to complete the task while remaining within its legal mandate, said privatisation ministry spokesperson. PHOTO: FILE
KARACHI:
Power generation soared by a record 30% to 8,965 gigawatt hours (GWh) in March partly due to industries shifting from own power generators to the national grid in the wake of growing domestic gas crisis.
Simultaneously, the cost of fuel component in the overall electricity production climbed almost 14% to Rs5.55 per unit due to power producers increased reliance on expensive imported fuels like RLNG and coal amid low supplies of the locally produced gas to power producers.
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Pakistan Helping Turkey to Develop Nuclear Weapons and Control Afghanistan
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In a major development, Pakistan’s Chairman of Joint Chiefs of Staff Committee (CJCSC), General Nadeem Raza, visited Turkey from 27th March to 2nd April.
Turkey’s Chief of General Staff, General Yaşar Güler, hosted Raza at the Turkish General Staff Headquarters on 30th March, where both the sides discussed collaborations on several military projects and existing geopolitical issues.
During the get-together, Güler conferred Turkey’s top military award ‘Legion of Merit’ to Raza for his “services for promotion of Pakistan-Turkey defence ties.”
Though the award ceremony and enhancement of military ties were quoted as the official reasons for the visit, many believe that actual reason might be entirely different.