Five candidates shortlisted for OGRA chief slot

ISLAMABAD: A committee formed by Prime Minister Imran Khan has shortlisted five candidates, majority of whom are from the Oil and Gas Regulatory Authority (Ogra), for appointment as Ogra chairman. The committee has completed interviews and finalised five names for the position. As many as 26 candidates were earlier shortlisted for the position. The committee was reconstituted after objections were raised over its earlier nominations as it had a conflict of interest. Committee Chairman Shehzad Akbar removed two members and brought professionals to conduct interviews for the post of Ogra…

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ECC allows import of 300,000 tons of sugar to meet likely shortage

ISLAMABAD: The government on Tuesday allowed import of 300,000 tons of sugar in anticipation of its shortage and also decided to change petroleum product prices on a fortnightly basis to help the oil sector to increase its profits. The Economic Coordination Committee (ECC) of the cabinet took these decisions. The ECC also approved the upgrade of Habib Bank Limited’s representative office in Beijing to a branch and remittance of RMB 300 million as the capital of proposed branch from Pakistan. The ECC approved a technical supplementary grant of Rs340 million…

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Power privatisation stalls as IPP talks drag

KARACHI: Two of the parties that remained interested in the privatisation of two RLNG-based power plants have signaled their refusal to place any equity bids for the projects at the moment. They have told the government that they are watching the ongoing tariff renegotiations with the independent power producers (IPPs) that were launched shortly after the release of the inquiry report on the IPPs. At issue are two power plants — Haveli Bahadur Shah and Balloki, both in Punjab — owned by the federal government. Both plants were built with…

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