Author: Admin

SNGPL Receivables Mount as Govt Seeks Payment Plan from Power Division

Admin
SNGPL-Office

# SNGPL Receivables Mount as Govt Seeks Payment Plan from Power Division **ISLAMABAD:** The Petroleum Division has sought a workable payment plan from the Power Division, including clear timelines, to address mounting outstanding dues owed to **Sui Northern Gas Pipelines Limited (SNGPL)** for indigenous gas and imported RLNG supplies. Sources close to the Petroleum Minister told *Business Recorder* that the Power Division had been asked to submit the payment plan by **June 30, 2026**, subject to reconciliation of the outstanding amounts. SNGPL operates under an integrated licence issued by the…

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Govt Moves to Amend Gas Surcharge Law as Sector Circular Debt Surpasses Rs3.5tr

Admin
OGRA-GAS

# Govt Moves to Amend Gas Surcharge Law as Sector Circular Debt Surpasses Rs3.5tr **ISLAMABAD:** The federal government is seeking comprehensive amendments to the decades-old **Gas Development Surcharge (GDS)** law to strengthen recovery from defaulting consumers, address instances where gas is sold below cost and close regulatory gaps that have contributed to the gas sector’s circular debt exceeding **Rs3.5 trillion**. Petroleum Minister **Ali Pervaiz Malik** is scheduled to present the **Natural Gas (Development Surcharge) (Amendment) Bill, 2026** in the National Assembly on Monday, according to the assembly’s agenda for August…

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LPG Auction Results Delayed Amid Legal Challenges, Policy Disputes

Admin
New-LPG

LPG Auction Results Delayed Amid Legal Challenges, Policy Disputes **ISLAMABAD:** The Petroleum Division has delayed the announcement of results from a recent auction of locally produced liquefied petroleum gas (LPG) amid legal challenges and policy disagreements, raising concerns that the new pricing mechanism could increase retail LPG prices by around **15 per cent** ahead of the winter season. The auction, conducted on **August 10** by three major public-sector LPG producers, attracted a highest bid of **Rs205 million** for a five-tonne-per-day lot over a three-year period. The proposed auction mechanism was…

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Pakistan Embassy in Ankara Marks 79th Independence Anniversary

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New-Project6

# Pakistan Embassy in Ankara Marks 79th Independence Anniversary **ANKARA:** The Embassy of Pakistan in Ankara observed Pakistan’s 79th Independence Anniversary with a dignified flag-hoisting ceremony attended by embassy officials, members of the diplomatic community and Pakistani citizens residing in Türkiye. The ceremony began with the recitation of verses from the Holy Quran, followed by the national anthem and the hoisting of the Pakistani flag. During the ceremony, Deputy Head of Mission **Shaiq Ahmed Bhutto** read out the special message of the President of Pakistan, highlighting the historic struggle for…

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Admin
New-NBP

# NBP Marks 79th Independence Day with Flag-Hoisting Ceremony in Karachi **Karachi:** The National Bank of Pakistan (NBP) celebrated Pakistan’s 79th Independence Day with a ceremony at its Head Office in Karachi, attended by President & CEO **Rehmat Ali Hasnie**, senior management and employees from across the Bank. The celebrations featured the hoisting of the national flag by the NBP President, the national anthem and a cake-cutting ceremony. Addressing the gathering, Rehmat Ali Hasnie paid tribute to the sacrifices of Pakistan’s founders and the Armed Forces, emphasizing the Bank’s role…

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