In a recent development, the government has given the green light to a substantial increase petrol price, leaving consumers grappling with the impact on their daily lives. According to official notifications, the price of petrol per liter has witnessed a staggering rise of Rs. 13.55 taking it to the new price of Rs. 272.89. This move has sparked a wave…
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Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the maximum price of Liquified Petroleum Gas (LPG) effective from February 1st, 2024 as under:Notified LPG Producer prices Rs. / Ton Rs / 11.8 kg CylinderFebruary -2024 ( w.e.f 01-02-2024) 216,295.72 2,552.29January -2024 215,129.58 2,538.53Increase / (Decrease) 1,166.14 13.76 Notified…
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MASOOD AHMED SIDDIQUI-KARACHI: President FPCCI Mr. Atif Ikram Sheikh has appointed a person with expertise in the field of energy, Mr. Malik Khuda Bakhsh, as the convener of FPCCI Central Standing Committee “Energy” for the year 2024-2025. Malik Chairman/Chief Executive of Khuda Bakhsh Malik Group of Companies, Leader of Petroleum and CNG Industry, Member of UBG Core Committee, Director of…
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Significant threats like climate change cannot be overlooked Neglecting climate danger termed collective suicide: Mian Zahid Hussain Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that most political parties have disregarded climate change in their manifestos. A significant threat like climate change…
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Karachi: In a monumental shift, Engro Corporation, a prominent player in Pakistan’s corporate landscape, is ushering in a new era of leadership as Ghias Khan, President & CEO, announces his departure after seven transformative years. Expressing gratitude for the privilege of contributing to Engro’s mission of instigating far-reaching positive change in Pakistan, Khan credited the organization’s success to its exceptional…
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Islamabad, January 31, 2024:Federal Minister for Energy, Mr. Muhammad Ali inaugurated the first-ever national level ‘Fuelling Futures Career Expo 2024’ on January 31 at Pakistan China Friendship Centre, Islamabad. The two-day Career Expo has been organised by the Ministry of Energy (Petroleum Division) in collaboration with Pakistan Petroleum Limited (PPL).The event witnessed an overwhelming attendance of students, faculty and company…
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ISLAMABAD: An Iranian team, comprising legal and technical experts, is due to arrive in Pakistan soon after the general election to discuss the Iran-Pakistan (IP) gas pipeline project with the political government, an official of the Petroleum Division told Business Recorder on condition of anonymity. The official said the dates of the visit by the technical team from Iran are yet not…
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ISLAMABAD: Power Distribution Companies (Discos) have sought positive adjustment of up to Rs. 4 per unit to recover additional amount of Rs 81.5 billion from consumers for second quarter (Oct-December) of FY 2023-40 under Quarterly Tariff Adjustment (QTA) mechanism. National Electric Power Regulatory Authority (Nepra) is scheduled to conduct a public hearing on February 14, 2024 on the petition of…
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ISLAMABAD: Caretaker Minister for Power and Petroleum, Muhammad Ali, has set an extremely ambitious circular debt reduction plan amounting to Rs 1,268 billion for caretaker Finance Minister Dr Shamshad Akhtar for onward sharing with the International Monetary Fund (IMF) for its concurrence, well informed sources in Finance Ministry told Business Recorder. “Concurrence from IMF shall be required highlighting a rare opportunity…
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Aims to rein in swelling energy import bill that will double in seven years ISLAMABAD: Pakistan on Tuesday made a pitch for a $30 billion foreign and local investment in gas production aimed at puncturing a ballooning energy import bill projected to nearly double to $31 billion in seven years in a business-as-usual scenario. The appeal was made to foreign…
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