Year: 2021

Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar on Wednesday told officials of the Petroleum Division to ensure supply of re-gasified liquefied natural gas (RLNG)/ locally produced gas to fertiliser plants to enable them to meet the urea production target. “This will ensure timely availability of fertilisers to farmers and enhance the agricultural output to meet the requirement of food crops in the country,” the minister said while chairing a meeting to discuss the demand for urea during the upcoming Rabi sowing season. Representatives of the fertiliser industry and…

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Industries and Production Minister Makhdum Khusro Bakhtiar has said that addition of 900MW in power generation capacity for Karachi is a gift for people and the industries. He said Prime Minister Imran Khan will inaugurate K-Electric’s Bin Qasim Power Station III project as soon as it’s completed. Mr Bakhtiar on Thursday met members of the KE’s senior management at the company’s Bin Qasim Power Complex to review the progress on K-Electric’s mega-project Bin Qasim Power Station 3 (BQPS-III), which will add 900MW to K-Electric’s generation capacity and bolster the future…

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The Oil Marketing Companies (OMCs) have decried their ‘unending audits’ ordered by the government as anti-investment and demanded improved security and better vigilance to check the menace of oil smuggling reportedly causing over Rs250 billion per annum revenue loss. Reacting to a letter from the Ministry of Energy Petroleum Division to 25 OMCs, including refineries, for audit of their 2020-21 accounts, the Oil Marketing Association of Pakistan (OMAP) said the unending audits were sending the wrong signals to potential investors and had already harmed Pakistan’s image. “This must stop forthwith,”…

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The Economic Coordination Committee of the cabinet on Thursday allowed about 13 paisa per litre increase in port charges for oil products at Fauji Oil Terminal Company (Fotco) and approved an import tender for procurement of 120,000 tonnes of wheat, having a landed cost of about Rs2,470 per 40kg. A meeting of ECC, presided over by Minister for Finance and Revenue Shaukat Tarin, exempted import of auto disposable syringes and raw material for their local manufacturing from taxes and duties. The committee also extended exemption to 19 subsidiary entities —…

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