Filling Stations Postpone Strike After Assurance

However, the dealers warned that they would go on strike for an indefinite period from November 20 if the government did not honour its commitment. Speaking at a news conference, Sarhad Petroleum and Cartage Dealers Association Chairman Abdul Majid Khan said the government had promised to raise their profit margin, therefore, the association was going to postpone its strike for now. He said a delegation of the All Pakistan Petroleum Dealers Association led by its Chairman Abdul Sami Khan held a meeting with Federal Minister Hammad Azhar, secretary Petroleum, officials…

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Pakistan Still Has The Cheapest POL Prices In The Region: PM

imran-khan

Prime Minister Imran Khan claimed again on Friday that Pakistan still had the cheapest petrol prices in the region. The Prime Minister said that there was uproar in India too over petrol prices as there is Rs150 price of per litre petrol as compared to Pakistan where it is the lowest at Rs146. He expressed these words while addressing a gathering at Attock after ground-breaking ceremony of a Maternal and Child Hospital on Friday. The PM said that per litre petrol price in Bangladesh is Rs200. He stated that Pakistan…

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Jokes and desperation

THAT is what things have now been reduced to: jokes and desperation. Wednesday saw an example of each. It was a joke when the National Accountability Bureau (NAB) told a Senate committee that it had recovered up to Rs821.5 billion “since its inception” while the finance ministry told the same committee in the same hearing that only Rs6.5bn had been deposited in the account set up specifically for the purpose of receiving all recovered amounts. Immediately a question arose: where did all the money NAB is claiming it recovered, go?…

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Several major countries pledge to phase out coal use

In the fight to curb climate change, several major coal-using nations announced steps on Thursday to wean themselves at times slowly off the heavily polluting fossil fuel. The pledges to phase out coal came on top of other promises made at the UN climate summit in Glasgow, Scotland, that the head of an international energy organisation said trimmed a few tenths of a degree from projections of future warming. Optimism also abounded in relation to the promises on coal, which has the dirtiest carbon footprint of the major fuels and…

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Natural Gas Price Forecast – Natural Gas Markets Continue to Grind Higher

Natural gas markets have pulled a little bit higher during the trading session on Wednesday to reach towards the $5.65 level. This is a market that I think continues to see a lot of noisy behavior, but it is bullish in general. The 50 day EMA sits at the $5.21 level and offers significant support multiple times in the past as you can see. The market has been rallying quite nicely, and it looks as if we are going to go looking towards the $6.00 level soon, especially as temperatures…

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