Day: December 27, 2022

The government on Monday decided to use all the administrative and legal resources to recover Rs447 billion Gas Infrastructure Development Cess (GIDC) from commercial and industrial entities which had blocked due payments through high courts despite standing orders of the Supreme Court of Pakistan for recoveries. The decision was taken at a GIDC meeting presided over by Finance Minister Ishaq Dar. Minister of State for Finance and Revenue Dr Ayesha Ghous Pasha, Minister of State for Petroleum Musadik Masood Malik, SAPM on Finance Tariq Bajwa, Secretary Finance, Deputy Attorney General…

Attock Refinery Limited (ATRL), a subsidiary of the Attock Oil Company Limited, said on Monday that it has commenced operations at its main distillation unit, which was shut down on a temporary basis amid low demand for Furnace Fuel Oil (FFO). In its notice to the Pakistan Stock Exchange (PSX), ATRL said: “We wish to inform you that refinery’s main distillation unit which was previously shut down has been re-started and working satisfactorily. “The ullage constraint resulting from low demand of furnace fuel oil is being monitored closely,” it added. Earlier this…

Special Task Force of Sui Northern Gas Pipelines Limited (SNGPL), during its ongoing operation to stop the illegal use of compressors in the islamabad region, has removed more than 27 gas metres, detected 18 theft cases and lodged six First information reports (Firs) over direct tapping and causing loss to the national exchequer. Sharing some details, spokesperson for the SNGPL islamabad region Shahid akram told media that the inspection teams had recently disconnected 27 gas metres on use of compressors in different localities including Tarlai, chatta Bakhtawar, G-7 and G-9…

Pakistan may surprise in next revision of petroleum prices scheduled on December 31, 2022 amid political uncertainty and mounting inflationary pressure. Experts believed that the government may resort to another sharp cut in prices of petroleum products as part of popular decision and cool down the high prices. Although the prices of benchmark Brent crude oil recorded an increase international market during past week and reached to $83 per barrel but still recorded a significant decline when compared with $130 in March 2022. READ MORE: Attock Refinery restarts distillation unit…