Year: 2021

Gas utility prices will not be reduced: OGRA

Admin

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…

Read More

Ogra proposes up to Rs10.5 per litre hike in petroleum prices

Admin
ogra

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…

Read More

Repair work on LNG terminal to cut supplies

Admin

Engro’s liquefied natural gas (LNG) import terminal is scheduled to shut down for four days (Tuesday-Friday) for repair and maintenance work and the suspension is expected to halve LNG supplies to power plants, CNG stations, commercial, industrial and residential consumers. LNG supply from the terminal will remain suspended for the first two days of repair work, which is being undertaken to replace temporarily installed floating storage and regasification unit (FSRU) Sequoia with a permanent one, Exquisite, which had gone to Qatar for overhaul in June. “Engro Elengy’s own FSRU Exquisite…

Read More

19 bureaucrats get three housing units each in Islamabad under govt schemes

Admin

As the Islamabad High Court ruled against allotment of more than one plot to top bureaucrats at public expense, documents reveal that 588 senior officers in grades BS-20 to BS-22 have acquired luxury double-storey houses at subsidised rates. The IHC had on Monday temporarily suspended the allotments in Islamabad’s new sectors and referred the matter to the federal government to examine whether the allotment of plots to bureaucrats and judges was justified. The federal government intended to examine the ‘entitlement’ of such allottees to ensure observance of Article 25 of the Constitution…

Read More

Tripartite Cooperation Conducive To Sustainable Development Of CPEC: Badar Uz Zaman

Admin

As China Pakistan Economic Corridor (CPEC) has entered the second phase, the new energy cooperation between Pakistan, ASEAN and China will still play an important role under the frame, said Badar uz Zaman, Commercial Counsellor of Embassy of Pakistan in China. “Sustainable development will be an unavoidable important agenda in the triangle cooperation,” he said in an interview during the 18th China-ASEAN Expo which concluded on Monday. At the 70th Anniversary of Establishment of Diplomatic Relations between China and Pakistan & Bilateral Trade and Investment Forum, a sub-activity of the Expo, representatives of Chinese energy enterprises shared their successful experience of participating in CPEC. Ren Hongbin,…

Read More