Category: Recent Post

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senior Vice President Khawaja Shahzeb Akram on Tuesday called for equal taxation for imported and locally-produced liquefied petroleum gas (LPG) to provide local industry a level playing field. “The FPCCI is not against the import of LPG. Still, it is against disparities in taxation,” he said while talking to the Pakistan LPG Marketers Association (PLPGMA) delegation at the FPCCI Regional Office Lahore. LPG imports should continue until local producers meet the demand in full. Local industry was under tremendous pressure against…

Read More

Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, has signed an MoU for the first-ever implementation of SAP Ariba DSN (Digital Supplier Network) and Sourcing Suite in Pakistan. The initiative will automate the procurement process enabling a paperless process, significantly eliminating errors and unnecessary delays, as encountered in traditional procurement to the payment process.The MoU was signed by Mr. Azfar Saeed Baig, Vice President Information – Byco Petroleum Pakistan and Mr. Wasil Amjad, CEO – Excellence Delivered Pvt. Ltd. The ceremony was attended by Mr. Fayaz Ahmad Khan, Vice…

Read More

Special Assistant to Prime Minister (SAPM) on Power and Petroleum Tabish Gauhar has said that the government is developing the first-ever Integrated Energy Plan to address various structural challenges in the energy sector. The SAPM tweeted this on Tuesday as detailed consultative sessions on the National Electricity Plan started following the National Electricity Policy 2021 recently approved by the Council of Common Interests (CCI). Gauhar tweeted, “We are also developing Pakistan’s first Integrated Energy Plan (Power & Petroleum), including a transmission & distribution expansion plan, to address various structural challenges…

Read More

Minister for Energy Hammad Azhar has expressed the commitment to work for further enhancing energy cooperation with Iran as per the memorandum of understanding (MoU) signed during the recent visit of Prime Minister Imran Khan to Iran. Hammad Azhar said this during a meeting with Ambassador of Iran Seyed Mohammad Ali Hosseini, according to an official statement. Hammad Azhar while underscoring the importance of Iranian electricity import to districts of Balochistan especially Gawadar, said that it is playing a pivotal role in provision of electricity to these areas. He also…

Read More

The State Oil Company of Azerbaijan Republic (Socar) on Tuesday appeared to be back-peddling its diplomatic push for oil and gas deals with Pakistan’s public sector firms under government-to-government arrangement after an aggressive public snub by the Petroleum Division. A Socar spokesman said that various media reports appearing in the last several days did not represent the reality of successful cooperation between state entities of brotherly Pakistan and Socar. As in all sectors of political and economic life, relationships between Pakistan and Azerbaijan in the energy sphere are also built on principles…

Read More