Month: June 2020

Aviation Minister Ghulam Sarwar on Friday announced that 262 pilots would be barred from flying because their credentials were “dubious”. The pilots in the line of fire include 141 from Pakistan International Airlines (PIA), 10 from Serene Airline and nine from Air Blue. The rest belong to flying clubs or chartered plane services. The issue of pilots possessing suspicious licences came to surface when an initial inquiry into a PIA plane crash in Karachi on May 22 was presented before parliament. “All the airlines and the clubs have been conveyed…

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K-Electric Chief Executive Officer (CEO) Moonis Alvi has said that the ongoing electricity crisis in Karachi, will ease down in 48 hours. Talking to media CEO KE Alvi said that the authorities have assured him that KE will be provided furnace oil from some Independent Power Producers (IPP) and the situation will normalize. “From the start of June, we were facing issues regarding the supply of furnace oil, and there were many reasons to it, as we can see there is a shortage of petroleum in the country, as the…

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As China imported its highest-ever volume of crude oil in May, its imports from the world’s top oil exporter, Saudi Arabia, nearly doubled to the highest on record after fuel demand in the world’s top oil importer recovered and refiners purchased crude at bargain prices in April. Chinese imports of crude oil from OPEC’s largest producer, Saudi Arabia, surged by 94.9 percent on the year and by 71 percent on the month in May, to reach 2.16 million barrels per day (bpd), according to data from China’s General Administration of…

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KARACHI: In a bombshell development, Federal government increased petrol price by Rs25.58 after decreasing it a short while back resulting in a countrywide scarcity, ARY News reported. According to a notification issued by the government on the matter, new price for a litre of petrol is now Rs100.10. Read More: Won’t tolerate petroleum shortage at any cost: PM Imran High Speed Diesel’s new price is now Rs101.46 per litre with an increase of Rs21.31. Light diesel’s new price is Rs55.98 per litre registering an increase of Rs17.84 whereas kerosene oil’s…

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ISLAMABAD: The Economic Coordination Committee (ECC) that met here on Wednesday with Dr Hafeez Sheikh in the chair approved flat tariff regime at Rs11.97 per unit for electricity consumers of domestic, commercial and industrial sectors using ToD (Time of Day) meters for four months of winter season to be effective from November 1, 2019 to end February 2020. It is pertinent to mention that The News in its edition of October 25, 2019 already published the story with headline’ Flat tariff regime: Massive relief for power consumers on the cards’…

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