Category: Highlights

ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to revise upwards the margins of oil marketing companies (OMCs) and dealers on petroleum products, which would increase the oil prices in the country. Petroleum Division updated the ECC about the recommendations firmed up by a sub-committee established in line with the earlier decision of the ECC dated Jan 28, 2021 regarding review of oil marketing companies (OMCs) and dealers margins on petroleum products. After detailed discussion, the ECC approved to revise OMCs and dealers margins on the basis…

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Mr. Babar spoke about the global inequalities prevalent among nations in the economic, technological and energy consumption space. He said that technology has tremendously enhanced the production, conversion and usage efficiencies in the energy sector and that it will continue to transform the ways in which energy is produced and utilized. “World is moving away from fossil fuels to clean energy resources and we cannot pursue the opposite direction”, he said; “however, apart from electricity generation, we could also utilize coal for production of chemicals, synthetic diesel and fertilizers”. Speaking…

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Pakistan LNG Limited (PLL) and Pakistan LNG Terminal Limited’s (PLTL) report on supply chain standards reflect an overstressed system that has been working beyond its capacity. With the focus now primarily being on shoring up the terminals, all relevant authorities are scrambling to create a new strategy that will provide some relief. In its own regard, this is something that had to be done. However, the sooner we make the shift towards more sustainable sources of energy, the better—for the long-term at least. The report further elaborated on how Pakistan’s…

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BEIJING (APP – UrduPoint / Pakistan Point News – 8th Mar, 2021 ) :China’s gas sector exhibited a strong performance in the latter half of 2020 and medium-term growth will remain solid, according to the latest report from Fitch Ratings. A recovery in industrial activity following coronavirus pandemic lockdowns and an exceptionally cold winter triggered a gas-supply shortage in late 2020, with strong demand leading to higher gas imports, the ratings agency noted. However, last year’s gas-supply crunch was less severe than that seen in 2017, as national oil companies had moved some long-term contract deliveries to the winter to close the gap, according to the…

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Justice (retd) Sheikh Azmat Saeed, the head of an inquiry commission to investigate the Broadsheet issue, has informed the government that he did not desire any salary or perks for his work as the commission head. The matter of the salary for the former Supreme Court judge is part of the agenda of the federal cabinet meeting, which will be chaired by Prime Minister Imran Khan on Tuesday (today). The government proposes pay and perks of Justice (retd) Azmat equal to that of a Supreme Court judge. According to a…

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