Author: Admin

RLNG price cut by 8pc for January

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LNG-import

ISLAMABAD: With system losses touching a massive 14.5 per cent, the Oil and Gas Regulatory Authority (Ogra) on Thursday notified up to 8pc reduction in the sale price of regasified liquefied natural gas (RLNG) for two Sui gas companies — SSGCL and SNGPL — for the current month with effect from Jan 1 owing to lower international prices. The RLNG sale price for Karachi-based Sui Southern Gas Company Ltd has been cut at the transmission stage by 7.8pc to $12.229 per million British thermal unit (mmBtu) from $13.264 per mmBtu…

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IMF debt dilemma looms after Pakistan election

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IMF-board

Baqir served as governor of the State Bank of Pakistan (SBP) from 2019 till 2022 LONDON: The International Monetary Fund (IMF) faces tough choices on how to deal with Pakistan after the February 8 general election and how to assess the country’s debt situation, former central bank governor Reza Baqir said. The government secured a $3 billion loan programme with IMF in July that helped pull the cash-strapped nation back from the brink of a sovereign debt default. However, the programme was a nine-month standby arrangement, set to expire this…

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Ban on plastic bags being enforced across Sindh, claim officials

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plastic-bags

They said Sepa’s regional and district officers visited markets and bazaars to reprimand vendors dealing in banned plastic bags On the directives of caretaker environment minister Arshad Wali Muhammad, the Sindh Environmental Protection Agency (Sepa) has started implementing the ban on non-degradable plastic bags in the province, while action is also being taken against hospitals violating environmental laws, officials said on Thursday. They said that Sepa’s regional and district officers visited markets and bazaars to reprimand vendors dealing in banned plastic bags, and asked them to replace the prohibited bags…

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Pakistan, Dubai ink $3 billion pacts at Davos

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Pakistan-Dubai

ISLAMABAD: Pakistan and Dubai on Thursday inked two agreements worth over $3 billion on cooperation in railways, economic zones and infrastructure projects. According to an official press release, the inter-governmental framework agreements were signed to strengthen relations in the marine and logistics sectors, including the establishment of a dedicated freight corridor and economic zone near Karachi. “The rail-based dedicated freight corridor (DFC) was planned to run from Karachi Port on the Arabian Sea, passing through Karachi to the Pipri Marshalling Yard, approximately 50 kilometres away. This will reduce traffic congestion…

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Petroleum Division strongly denounces vilification campaign in media against SSGC Chairperson, Board of Directors

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SSGC

This is about recent news items circulating in electronic, print and social media concerning Sui Southern Gas Company and its Board of Directors.The Petroleum Division condemns the malicious campaign against the SSGC, its chairperson and its board of directors.Dr. Shamshad Akhter along with the Board members has successfully led the organization since her initial appointment in 2019. Under her visionary leadership, SSGC has achieved significant milestones in crucial areas such as upgrading the technology, improvement of business operations, Human Resources, policy formulation, discipline, risk management and significant reduction of Unaccounted-for…

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