Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the Regasified Liquified Natural Gas (RLNG) prices for sui companies with effective from January st, 2024 as under: The decrease in RLNG prices is due to decrease in DES price. The RLNG price notification for the month of January, 2023 is readily available at OGRA website www.ogra.org.pk.(Imran Ghaznavi)Spokesperson
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KARACHI: The Information technology (IT) exports surged to a record high of $303 million in December, up 17 percent month-on-month and 23 percent year-on-year, industry data showed on Wednesday. The IT exports in December were also higher than the last 12-month average of $222 million, reflecting the strong performance of the sector, brokerage Topline Securties said in a report. The jump in IT exports was attributed to two main factors: the relaxation of the permissible retention limit by the State Bank of Pakistan (SBP) for IT exporters, and the stable…
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ANKARA – Oil prices dipped on Wednesday amid concerns over China’s economic growth and the strength of the US dollar. The international benchmark crude Brent traded at $77.68 per barrel at 0723 GMT, a 0.77% decrease from the closing price of $78.29 a barrel in the previous trading session on Tuesday. The American benchmark, West Texas Intermediate (WTI), traded at the same time at $71.85 per barrel, down 0.92% from Tuesday’s close of $72.52 per barrel. The US dollar’s strength, following the Federal Reserve’s hints at less aggressive interest rate cuts,…
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ISLAMABAD: Private Power and Infrastructure Board (PPIB) has decided to conduct International Competitive Bidding (ICB) for an Independent Auction Administrator (IAA) for the 330 MW Thar coal power project for sale of electricity to K-Electric (KE) as a private power purchaser without GoP guarantee, official sources told Business Recorder. Sharing the details, sources said, M/s Siddiqsons Energy Limited (SEL), the developer of 330 MW Thar coal power project, was accorded eight extensions in Financial Closing (FC) date (last of which expired on December 31, 2021), through amendments to Letter of Support…
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In early hours of 18 January 2024, Pakistan carried out effective strikes against hideouts inside Iran used by terrorists responsible for recent attacks in Pakistan. The precision strikes were carried out using killer drones, rockets, loitering munitions and stand-off weapons. Maximum care was taken to avoid collateral damage. Hideouts used by terrorist organisations namely Balochistan Liberation Army and Balochistan Liberation Front were successfully struck in an intelligence based operation, code name ‘Marg Bar Sarmachar’. The targeted hideouts were being used by notorious terrorists including Dosta alias Chairman, Bajjar alias Soghat,…
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