Day: September 15, 2021

The production of iron and steel, with billets/ingots mainly used in the construction industry, in the last 10 years swelled by 196 per cent to 4.777 million tonnes in FY21 from 1.616m tonnes in FY12. H/CR sheets/strips, coils/plates, also known as flat steel products for production of electronics, surged to 3.296m tonnes in FY21 from 1.850m tonnes in FY12, Pakistan Bureau of Statistics (PBS) data of Large-Scale Manufacturing (LSM) showed. Rising production of steel related products has led to higher imports of raw materials. For making steel bars, the country’s…

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he Federal Government is likely to amend Second Schedule of Petroleum Products (Petroleum Levy) Ordinance, 1961 aimed at including the name of PLL in it and allow Oil and Gas Regulatory Authority (Ogra) to determine RLNG price on behalf of the company for 900 MW RLNG-fired plant of Karachi Electric (KE), sources close to Secretary Petroleum told Business Recorder. Sharing the details, the sources said, the ECC on June 14, 2016 while considering the recommendations made by the constituted committee approved the revised policy guidelines to Ogra for determination of…

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Senate Standing Committee on Petroleum Tuesday directed the state-owned Oil and Gas Development Company Limited (OGDCL) to expedite hydrocarbon exploration activities in potential areas aimed at meeting the country’s growing energy needs in a more effective manner. The committee meeting, chaired by Muhammad Abdul Qadir, was given a detailed briefing by the company’s top management about working, production and field operations of the OGDCL in different exploration blocks. The chairman expressed his firm resolve to start work in some Exploration and Production (E&P) blocks where no work could be carried…

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The Chairman of Ogra stated that there’s no chance of taking down gas utility prices any time soon as the energy assets in the country are running out. In a session conducted by the Senate standing committee of cabinet secretariat chairman Oil and Gas Regulatory Authority (OGRA) Masroor Khan stated Pakistan’s resources of natural gas are running out and as a result, reducing the utility prices is not a possibility. Chairman OGRA stated, OGRA measures the numbers and statistics and ranges a supposition on what prices the utility should be…

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The government will revise prices of petroleum products on Wednesday (today). The prices may be increased by up to Rs10.5 per litre for the next fortnight if the calculations of the Oil & Gas Regulatory Authority (Ogra) are accepted by the government. However, a senior official told Dawn that the government might pass on a partial impact of increase in imported price and rupee depreciation to avoid inflationary pressure. A final decision would be announced by the ministry of finance after consultations with the prime minister. Petroleum Division sources said…

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