Year: 2022

Attock Petroleum Limited (PSX: APL) was Incorporated in 1998 an oil marketing company It has a has a strong retail network with over 700 retail outlets nationwide and is engaged in the marketing and distribution of numerous petroleum products including High Speed Diesel, Premier Motor Gasoline, Furnace Oil, Bitumen, Kerosene and Lubricants etc. along with a range of automotive and industrial grades lubricants. APL is part of the vertically integrated Attock Oil Group. Its sponsor, Pharaon Investment Group Limited Holding s.a.l holds the largest shareholding at 34 percent, whereas other…

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The Sui Northern Gas Pipeline Limited (SNGPL) on Monday said that it will distribute 100,000 Liquefied Petroleum Gas (LPG) cylinders amid an expected gas shortage in the upcoming winter. The gas distribution company, in a notice to the Pakistan Stock Exchange (PSX), said that in view of potential gas shortfall in the forthcoming winter, the Ministry of Energy (Petroleum Division) has advised to explore all possible options to meet the energy needs of consumers, including supplying LPG cylinders. “Accordingly, the Board of Directors of SNGPL in their meeting dated September…

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During the panel discussion, Former Federal Minister, Population Planning and President Emeritus FPAP, Dr Attiya Inayatullah said the German Watch Report of 2020 ranked Pakistan as the fifth most vulnerable country due to climate change which was also the fifth largest country in terms of population. She suggested that a policy framework was required to recognise multiple factors contributing to climate change in Pakistan, adding, “We need to tackle climate change issues in a holistic and inter-sectoral manner.” Dr Attiya said it was a priority of every discourse that linked…

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The shortfall in collection of petroleum levy against the budgeted target was Rs93 billion in July and August 2022 – with actual collection in July amounting to Rs 15 billion and in August Rs 17 billion against the target of Rs 62.5 billion every month. The federal government has been unable to achieve Rs 125 billion projected target of petroleum levy (PL) for July-August 2021-22 due to low consumption of two major petroleum products – Motor Spirit and High Speed Diesel. Sources in the Petroleum Division told Business Recorder that the sale…

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K-Electric (KE) management has sought a few weeks’ time for definitive comments on the draft of proposed Arbitration Agreement (AA) with the Federal Government, hinting at some internal changes in the management. According to a communication of Ahmad Irfan Aslam, Head, International Dispute Unit, Attorney General Office with Bilal Azhar Kayani, Coordinator to Prime Minister on Energy and Economy, a meeting was held at the Energy Division on August 3, 2022 concerning several issues related to settlement of disputes between K-Electric and different federal and provincial governmental agencies wherein he…

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