Month: October 2023

Gas tariff hike on cabinet meeting agenda today

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Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar will chair an important meeting of the federal cabinet today (Monday) in which some significant decisions are likely to be taken in light of the recommendations of the Economic Coordination Committee. As the deadline of repatriation of undocumented, illegal foreigners in Pakistan is expiring on Oct 31, the cabinet will also be informed about the results of ongoing operations against illegal or unregistered immigrants and unlawful economic activities, like smuggling, hoarding and the US dollar’s flight. The cabinet will also be apprised about the agenda…

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Petrol, diesel prices may drop again as rupee strengthens

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Petroleum-prices

ISLAMABAD: Petroleum prices are expected to drop for the third consecutive fortnight with a reduction of Rs5-18 per litre for diesel and petrol, respectively, later this week, mainly due to exchange rate gains. Official sources told Dawn that the price of High-Speed Diesel (HSD) is likely to decrease by about Rs5-6 per litre, falling to less than Rs300 per litre, unless the caretaker government further increases the petroleum levy. On the other hand, petrol would be cheaper by about Rs18 per litre. This is mainly due to the rupee’s gain of about Rs3 against the dollar…

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Nov 23 to March 24: PPRA grants SLL exemption on LPG purchases

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ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has granted exemption to SSGC-LPG (Pvt.) Limited (SLL) for procurement of up to five cargoes of Liquefied Petroleum Gas (LPG) for five months (November 2023 to March 2024) and procurement of LPG with the condition of lower prices, sources close to Secretary Finance told Business Recorder. Sharing the details, sources said on October 20, 2023, Managing Director PPRA informed the Board that Ministry of Energy (Petroleum Division) in a letter of October 03, 2023 requested PPRA to allow exemption under section 21 of PPRA…

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Irregularities in Guddu thermal power station: NAB seeks details of GHCL CEO, others

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ISLAMABAD: National Accountability Bureau (NAB) has reportedly started probe against officials, retired or in service including former Chief Executive Officer (CEO) Genco Holding Company Limited (GHCL) Mian Muhammad Imran, in a case related to Guddu thermal power station irregularities, well informed sources told Business Recorder. NAB, in a letter to Power Division, sought information “under rule 19 of NAO, 1999 – Inquiry against Mian Imran, MD PEPCO, Management of Guddu Thermal Power Station and others.” According to sources NAB has sought details regarding award of maintenance contract of 747 MW of…

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