Month: September 2023

Fuel prices may finally come down after two months

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Petroleum-prices

ISLAMABAD: The prices of high-speed diesel (HSD) and petrol are estimated to be reduced by about Rs5-19 per litre for the Oct 1-15 period, in what could be the first decrease in two months, mainly because of the rupee’s appreciation. The prices of the two essential fuels were last cut in mid-July when petrol was reduced by Rs9 per litre to Rs253 and diesel by Rs7 per litre to Rs253.50. Sources told Dawn that based on the existing tax rates and other overheads, the petrol price could come down by Rs15-19 per litre in…

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Pakistan welcomes Russia LPG shipment

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lpg.png

ISLAMABAD: Pakistan has received its first shipment of liquified petroleum gas (LPG) from Russia, Moscow’s embassy in Islamabad said on Tuesday, marking Islamabad’s second major Russian energy purchase. The shipment, which the embassy said was delivered with Iranian help, comes after Pakistan received its first-ever delivery of Russian crude under a deal struck between the two countries earlier this year. Russia delivered 100,000 metric tonnes to Pakistan through Iran’s Sarakhs Special Economic Zone, the Russian embassy said in a post on social media. The embassy said consultations on a second…

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Rs10bn recovered amid crackdown on power theft, Senate panel told

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crackdown-power

ISLAMABAD: The countrywide crackdown on power theft has yielded positive results as so far Rs10 billion have been recovered while the Power Division is expecting to collect up to Rs150 billion in the next five months. It was revealed by a representative of the Power Division in the Senate Committee on Energy’s meeting on Tuesday. The committee received a report from the Power Division indicating that the ongoing anti-theft efforts had yielded results with daily recoveries reaching Rs1 billion. It is projected that the total collection will reach Rs150 billion…

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KCCI seeks import ban on recycled plastic from neighbouring countries to protect local industry

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KCCI-Import

Karachi: The Karachi Chamber of Commerce & Industry (KCCI) has called on the government to stop the import of recycled plastic from neighboring countries, saying it causes huge revenue losses and undermines the local recycling industry. In a letter to Dr. Gohar Ejaz, the caretaker minister for commerce, industries, and production, KCCI president Mohammad Tariq Yousif said that smuggled and misdeclared imports of plastic raw materials, particularly polyethylene, had cost the national exchequer Rs10 billion to Rs12 billion in customs duty, sales tax, withholding tax, and other levies in the…

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Pakistan receives first shipment of Russian LPG, Russian embassy says

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LPG-Air-Mix-Plant

Shipment, which the embassy says was delivered with Iranian help, comes after Pakistan received its first-ever delivery of Russian crude under a deal struck earlier this year ISLAMABAD: Pakistan has received its first shipment of liquified petroleum gas from Russia, Moscow’s embassy in Islamabad said on Tuesday, marking Islamabad’s second major Russian energy purchase. The shipment, which the embassy said was delivered with Iranian help, comes after Pakistan received its first-ever delivery of Russian crude under a deal struck between the two countries earlier this year. Pakistan Gasport seeks country’s…

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