Day: September 19, 2021

After the latest hike petrol is selling at Rs123.30 per litre, but CNG still provides a saving of 5pc,” claims Ghayas Paracha, group leader of the All Pakistan CNG Association (APCNGA). In Punjab and Islamabad, CNG is being sold at an average price of Rs121 per litre. Despite very low savings commercial transport owners and 20pc private car owners still rely on CNG, he added. Mr Paracha said the influx of used imported 660cc vehicles with EFI engines and high mileage benefit has also given a major blow to the…

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The revolutionary steps for the betterment of mining sector have enabled government to collect a record revenue of more than Rs 10.19 billion for the fiscal year 2020-21. Chief Minister Usman Buzdar said that better utilization of mining resources will be ensured in Punjab. The Chief Minister said restrictions/limitations on the cement industry have been lifted/removed for the development of the construction sector and 22 NOCs are being issued for new cement factories. Usman Buzdar said that NOCs for the installation of 10 cement plants have so far been issued…

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The Punjab government has regulated the cement sector and issued 22 no-objection certificates (NOCs) for the setting up of new cement factories while ensuring that no more unit is established in the areas declared “negative”. A study earlier conducted declared areas around Kallar Kahar as “negative” for the setting up of cement factories as the underground water had fast depleted. Mines and Minerals Department Secretary Amir Ijaz Akbar told Dawn the salt range had been found as an ideal location for the setting up of cement factories as almost all…

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Connor Albrecht is in the Oil & Gas Engineering Division at Texas Railroad Commission in Austin. Previously heworked on the engineering teams with Halliburton HAL -1.6% in the Eagle Ford, Parsley Energy in the Permian, and at Ameredev in the Delaware basin of New Mexico. He graduated from Texas Tech in 2017 with a degree in Mechanical Engineering. Connor is unafraid to spell out the rewards as well as the difficulties of changing jobs within the oil and gas industry. He spoke about his career path, personal prospects, and where he thinks the industry is…

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The federal government has imposed additional sales tax ranging between 5 and 17 per cent on supply of electricity and gas to the non-filer industrial and commercial entities in an attempt to broaden the tax base. The additional taxation on the industrial and commercial entities that did not exist on tax roll — income tax and sales tax — was one of the budgetary proposals given by the Pakistan Business Council. According to a notification (SRO1222 of 2021), the additional sales tax will be levied on the total billed amount…

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