Category: Recent Post

Sui Northern Gas Pipelines Limited (SNGPL) suspended the gas supply to compressed natural gas (CNG) stations across Punjab and Khyber Pakhtunkhwa on Monday for an indefinite period in a bid to meet the increasing demand of over six million domestic consumers. The CNG sector has taken exception to the SNGPL’s decision, describing the suspension of gas as an illegal act. On the other hand, domestic users in some areas of Punjab and KP have started facing a gas shortage as the temperature falls, with many service areas in major cities,…

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ON the heels of the sudden surge in inflation beyond expectations and a record trade deficit, Prime Minister’s adviser on finance and revenue Shaukat Tarin came out in the public to pump possible confidence to the markets that were seen rapidly shedding value of rupee and share prices. He expects the foreign exchange reserves to reach $20.5 billion in a couple of weeks from about $16bn at present with $3bn inflows from Saudi Arabia, replacement of a recently matured $1bn Sukuk bond and some Eurobonds soon. In his view, the…

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South Korean technology giant Samsung Electronics has operationalised its first TV line-up plant in collaboration with a local firm in Karachi, Commerce Adviser Razak Dawood announced on Monday. Taking to Twitter, Mr Dawood shared photos of the facility and tweeted: “We congratulate Samsung Electronics on operationalising its first TV Line-up plant in Pakistan at Karachi in collaboration with R&R Industries. Initially, the unit will produce 50,000 TV sets and increase the capacity to 100,000 units within 2 years.” Mr Dawood said the collaboration was in line with Make-in-Pakistan policy of…

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The Oil and Gas Regulatory Authority (Ogra) has directed gas utilities to cut provisional payments to gas producers by 25%, leaving exploration and production (E&P) companies high and dry. In a letter to managing directors of the country’s two gas utilities, Ogra advised them that payments to producers of natural gas should be made strictly on the basis of price notifications. “In case provisional payment is justified, it may be restricted to 75% of the last notified price till such time producers submit the requisite notification for the relevant period…

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We, the Pakistani American community, are extremely saddened by  the barbaric death of Sri Lankan factory manager Priyantha Diyawadana,  at the hands of a violent mob in Sialkot, Pakistan.  This is totally against the teachings of our beloved Prophet, and Islam.  We condemn this heinous act, and hope to get full justice for the victim and his family.  We are now collecting funds for the benefit of Mr. Diyawadana’s widow and family.  Please donate generously.  Fundraising is organized by Rizwan Samad, Dr. Nasrullah Khan, and many others.  Please feel free to call me, if you have any…

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