Category: Recent Post

KARACHI: Sui Southern Gas Company (SSGC) has jacked up procurement of imported liquefied petroleum gas (LPG), and issued 15 tenders for supply of locally available imported LPG with delivery windows ranging January to June 2021. The southern gas utility supplies synthetic natural gas during high demand as an alternate to piped gas. SSGC would procure at least 37,500 metric tons LPG with the option to double or triple the procurement. “Sealed quotations are invited for supply of imported LPG locally available in parcel size up to 2,500 tons. The company…

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The government has constituted a committee to address Sui Southern Gas Company’s (SSGC) repeated claim of recovering RLNG losses worth Rs7.7 billion from consumers of imported gas after the Oil and Gas Regulatory Authority (Ogra) rejected the claim. “As per directives of the adviser on finance and revenue, a two-member committee comprising Ministry of Finance secretary and Ministry of Energy (Petroleum Division) secretary has been mandated to resolve the issue in consultation with the stakeholders,” SSGC stated in a detailed report sent to the Pakistan Stock Exchange (PSX) on Tuesday.…

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Despite rising COVID-19 cases, Pakistan’s industrial sector shows a recovering trend due to the Government’s smart lockdown policy, according to a recent tweet on the State Bank of Pakistan’s (SBP) official twitter page. SBP reports that easing of lockdowns has resulted in growth in power generation and petroleum product sales during the first quarter of FY21. Power generation witnessed a negative trend during the last three quarters of FY20, however power generation increased by almost 2% in 1Q FY21. Similarly, sales of petroleum products also started improving due to the…

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Ali Zaidi, a Pakistani born 33-year-old will be serving as a climate policy advisor to Biden’s administration. He will be named as deputy to the president of the Natural Resources Defense Council (NRDC), Gina Mc Carthy, who will be spearheading the Biden administration’s domestic climate policy. NDRC is an international nonprofit environmental advocacy group based in New York. Zaidi came to the US from Pakistan when he was five years old. He was serving as a deputy secretary for New York’s energy and environment before this key decision. He has…

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There is no other way to summarize the rather shocking findings of the “Report of the Inquiry Commission on Shortage of Petroleum Products in Pakistan.” Some of the harrowing details pointed out by the commission should send shivers down the collective spines of those responsible. But the fact that it is only an inquiry report, will offer collective comforts to those named. It still has to withstand the test of the court of law – and that could take ages for the culprits to face the music. Let us leave…

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