Author: Admin

Petroleum Minister’s Absence Stalls Key Gas Reform Decisions

Admin
Musadik-Malik

ISLAMABAD: The absence of Petroleum Minister Musadik Malik has delayed a crucial decision on allocating 35% of future gas discoveries to the private sector, hindering progress in the 20-member Task Force on Gas-Related Issues, led by Deputy Prime Minister Ishaq Dar. Sources revealed that Malik, despite assurances of joining Monday’s meeting via video link from Russia, missed his second consecutive session, preventing the task force from finalizing the 35% gas allocation proposal. Malik had suggested phasing in the 35% target by 2031, increasing by 5% annually from the current 10%.…

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Govt reduces petrol and diesel prices 1 October

Admin
Petroleum-price

ISLAMABAD: The government has announced a reduction in petroleum prices, offering some relief to the public, Energy Update reported on Monday. As per the notification, the price of petrol has been decreased by Rs 2.7 per liter, bringing the new price to Rs 247.03 per liter. High-speed diesel saw a reduction of Rs 3.40 per liter, while light diesel has been lowered by Rs 1.30 per liter. Kerosene oil prices have also been reduced by Rs 3.57 per liter. This decision aims to ease inflationary pressure on consumers amidst rising…

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Jawed Bilwani, Zia ul Arfeen, Faisal Khalil elected as President, SVP, VPBMG, KCCI Leadership vow to fight aggressively for business community’s rights

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New-KCCI

KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were announced elected as President, Senior Vice President and Vice President of the Karachi Chamber of Commerce & Industry (KCCI) respectively for 2024-26 at the 63rd Annual General Meeting held at KCCI’s Auditorium.Chairman Businessmen Group (BMG) Zubair Motiwala, Vice Chairmen BMG Anjum Nisar and Mian Abrar Ahmed, General Secretary BMG AQ Khalil, newly elected President Jawed Bilwani, newly elected Senior Vice President Zia ul Arfeen, newly elected Vice President Faisal Khalil, Retiring President Iftikhar Ahmed Sheikh, Retiring Senior Vice President…

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OIL AND GAS REGULATORY AUTHORITY

Admin
oil price

Islamabad, September 30, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective October 01 2024, as under; 2.  The LPG price Notification for the month of October 2024 is readily available at OGRA website www.ogra.org.pk. 3. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month Saudi Aramco-CP has increased by 3.84%. The average Dollar exchange rate has slightly decreased by 0.125% resulting to increase in LPG consumer price by Rs.86.28/11.8 kg cylinder (2.99%).…

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Power Outages in Gilgit Following Damage to Naltar Power Station

Admin
Naltar-Power

GILGIT: Gilgit city has been experiencing severe power outages for the past four days due to a boulder striking the water channel of the 18-megawatt Naltar power station. The Water and Power Department reported that the power supply has been suspended since Wednesday and will likely remain disrupted until October 2 as maintenance efforts continue. The prolonged outages have significantly impacted daily life, with residents facing over 20 hours without electricity. Locals attribute the crisis to poorly designed power stations, outdated machinery, and mismanagement within the department. Residents like Nazakat…

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