Day: March 17, 2024

Sui Southern Gas Company (SSGC) Limited has formally approached the Oil and Gas Regulatory Authority (OGRA) to endorse an escalation in gas tariffs for consumers in Sindh and Balochistan. According to sources, SSGC has lodged a formal request with OGRA, urging for a further increase of Rs274.40 per MMBTU, effective retrospectively from July 1, 2024. The company’s objective is to establish a new average gas rate at Rs1740.80, contrasting with the current average of Rs1696.39 per MMBTU. The application underscores SSGC’s revenue deficit, amounting to a staggering Rs79.63 billion. Specifically,…

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Prime Minister Shehbaz Sharif made a significant cabinet reshuffle on Sunday, appointing Sardar Awais Ahmad Khan Leghari as the Minister of Power, replacing his previous role as Minister of Railways. A notification issued by the Cabinet Division disclosed the change, indicating that Musadik Masood Malik, who recently assumed the additional portfolio of Power, would be succeeded by Leghari. The cabinet, formed under Shehbaz’s leadership earlier this month, comprises Khawaja Muhammad Asif as Defense Minister, Mohammad Ishaq Dar as Foreign Minister, and Muhammad Aurangzeb as Finance Minister.

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