Category: Highlights

Leading industrialists/ exporters have demanded that first priority in respect of gas supply must be given to industries of Karachi which contribute more than 54 percent to national exports, provide highest urban employment and generate highest taxes for the Government, besides being the highest subsidy provider. They demanded that the Government must give industry total preference and top priority and cross subsidies should be reduced drastically and done away with. The gas charges for the domestic sector, fertiliser and other sectors should be rationalised. There should be some other mechanism…

Read More

The Punjab government’s liabilities have bulged by Rs 77 billion in the third quarter of the calendar year 2021 mainly due to the depreciation of the Pak rupee, escalating it to Rs1.032 trillion from earlier Rs955 billion. As per a report released by the Punjab Finance Ministry for the period between July 1 and September 30, the debt stock of September 30 has shown an increase by eight percent from the debt stock of June 30. Although domestic loans showed a decline from Rs 5.192 billion to Rs 4.787 billion,…

Read More

Turkmenistan-Afghanistan-Pakistan-India gas pipeline is a regional connectivity project for supplying gas to fulfill the public demand from Turkmenistan to India’s Fazilka (Punjab). It is a great regional initiative proposed by the ADB and taken by four regional countries. The TAPI pipeline seems a bridge between South Asia and Central Asia. We know Central Asia is a huge source of natural gas. Pakistan and India need the gas. The project aims to monetise Turkmenistan’s gas reserves and supply them to neighbouring countries to promote the use of natural gas and improve…

Read More

The federal government will have to raise the petroleum levy (PL) to Rs 30 per litre, the maximum levy allowed under the existing legislation, if it is to minimise the shortfall of Rs 203 billion that it incurred under this head during July-October 2021. Prime Minister Imran Khan while chairing Pakistan Tehreek-e-Insaf core committee meeting on 20 October pledged to not only provide support to the less-privileged under the Ehsaas programme but also to provide subsidised petrol to motorcycle and rickshaws. The Rs-120 billion relief package is targeted to provide…

Read More

Natural gas markets have pulled a little bit higher during the trading session on Wednesday to reach towards the $5.65 level. This is a market that I think continues to see a lot of noisy behavior, but it is bullish in general. The 50 day EMA sits at the $5.21 level and offers significant support multiple times in the past as you can see. The market has been rallying quite nicely, and it looks as if we are going to go looking towards the $6.00 level soon, especially as temperatures…

Read More