Year: 2021

Demands of LPG producers go unheeded

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ISLAMABAD: A sub-committee constituted to make recommendations for a new liquefied petroleum gas (LPG) policy has turned down major demands of state-run LPG producers that called for imposing regulatory duty on LPG imports and maintaining advance income tax to end price distortion. Oil and Gas Development Company (OGDC), Pak Arab Refinery Limited (Parco) and Pakistan Petroleum Limited (PPL) are the state-run companies that are producing LPG. They said that the government should maintain the prevailing advance income tax on LPG imports as this is an advance tax and is adjustable against final…

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CCoE asks for assessment before reducing port charges for LNG

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ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday did not immediately allow reduction in port charges on handling of liquefied natural gas (LNG) demanded by the Petroleum Division and ordered an independent assessment to reach a decision on charges competitive in the region. At a meeting of the CCoE presided over by Minister for Planning and Development Asad Umar, the Petroleum Division complained that Port Qasim Authority (PQA) had been handling charges on LNG vessels that were the highest in the region and yet was not spending these funds…

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Govt to privatise 44 entities by 2025

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ISLAMABAD: The International Monetary Fund (IMF)-backed first review of Pakistan’s bleeding public sector enterprises has identified 44 entities for privatisation, including the power companies that are causing big losses, despite a 50% reduction in losses in the first year of current government. The review of 84 commercial state-owned enterprises (SOEs) has been completed as part of the structural benchmarks set by the IMF and supported by the World Bank and the Asian Development Bank (ADB), according to the “SOEs Triage: Reforms and Way Forward” report that the Ministry of Finance released on Thursday.…

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Clean up activity at Pir Sohawa Road

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Islamabad: Volunteers including men, women and children collected 120 large bags of garbage and trash from three viewpoints of Margallah Hills on Thursday. The spring cleanup activity at Pirsohawa Road was organised under the Prime Minister’s campaign of ‘Clean and Green Pakistan’ by the SMEC Oil & Gas in collaboration with Islamabad Wildlife Management Board (IWMB). The Margallah Hills National Park is the hallmark of Islamabad’s beauty. There are many viewpoints established on the Pirsohawa Road from where one can witness breathtaking views of twin cities. Unfortunately, due to apathy…

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Pakistan tops in providing low-priced petroleum products among regional countries

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ISLAMABAD: Despite financial constraints and substantial increase in the prices of petroleum products at the international market, the Pakistan Tehreek-i-Insaf (PTI) government has not passed on its impact to the common man by maintaining the rates at lowest level as compared to regional countries. Pakistan is standing atop in providing the low-priced petroleum products for the welfare of its masses among regional countries, and on the 18th position in a list of 167 countries of the world, according to an official document available with APP. The present petroleum rates in…

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