Month: April 2022

Mr. Irfan Iqbal Sheikh, President FPCCI, has said that the economic and business environment has reached a point where the business community finds the demand of imposing an economic emergency justifiable to put an end to the economic uncertainty. He added that businesses cannot operate profitably under such harsh and unfavorable conditions. Mr. Irfan Iqbal Sheikh emphasized that the policy rate must be aggressively brought down to 7 percent from its current level of 12.25 percent to make access to finance affordable for the private sector to keep the economic…

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As the national flag bearer, PSO remains committed to fueling the nation under all circumstances, ensuring an uninterrupted supply of fuel at its retail outlets nationwide. In view of the increasing demand of diesel, mainly due to harvesting season and limited product availability/imports by other market players, PSO has arranged 05 additional high-speed diesel (HSD) cargoes from March till May 2022. PSO’s Financial Burden Worsens as it Grapples With Supply Management IssuesThese cargoes are over and above the 11 cargoes planned in accordance with PSO’s usual market share as committed…

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Oil Companies Advisory Council (OCAC) has reported that ample stocks of Motor Spirit (MS) & High-Speed Diesel (HSD) are available in the country owing to the support of refineries in providing locally produced fuel products, and to OMCs for planning imports and meeting volume commitments timely despite the limited product availability in the international market due to geopolitical tension. Since HSD sales have drastically soared in the country due to the harvesting season, OCAC is actively playing its role in effectively managing the surged demand in consultation with the industry,…

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