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The price of compressed natural gas (CNG) has further gone up by Rs6.89 per litre in Punjab and Rs10.30 per kg in other provinces following an increase in sales tax by the Federal Board of Revenue (FBR), stakeholders said on Tuesday. In the first week of October, CNG price in Sindh was raised by Rs15 per kg, followed by an increase of Rs8 per litre in Punjab. “The new price of CNG in Karachi has swelled up to Rs200 per kg,” All Pakistan CNG Association (APCNGA) Coordinator for Sindh Zone…

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The receivables of the Pakistan State Oil (PSO) have gone up to a whooping figure of Rs 398 billion the highest ever in the entity’s history with a major chunk of Rs 192.539 billion from the power sector However, the Sui Northern owes Rs 161.025 billion to the PSO in the head of RLNG and the PIA is required to pay Rs 21.979 billion for using jet fuel. The non-recovery of Rs 398 billion receivables has triggered the rise in the cash flow situation, resulting in financial miseries for the…

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The Ministry of Energy (Petroleum Division) has reportedly hinted at occasional disruptions in supply of gas/RLNG to exporters during the winter, due to increase in demand by domestic, power and fertilizer sectors, well informed sources told Business Recorder. These apprehensions were expressed at a recent meeting of federal cabinet during which concerns over under invoicing by the industry and misuse of subsidy were also expressed by the authorities. The Petroleum Division stated that the ECC of the Cabinet in its meeting held on September 17, 2018, while considering a summary on…

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Special Assistant to Chief Minister (SACM) Punjab and Spokesperson for the Punjab Government Hasaan Khawar has said that without sincere cooperation of people, keeping environment clean will remain a dream only. Talking to the media at the office of Provincial Disaster Management Authority (PDMA) on Monday, he said people should play their role by registering complaints on the helpline 1716 and on Deputy Commissioner Office’s complaints helpline 0307-0002345 regarding violations of government orders on smog. He said that Lahore, the city of gardens, is the heart of Punjab, and steps…

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The Cabinet Committee on Energy (CCOE) has directed the Oil and Gas Regulatory Authority (Ogra) to implement end-to-end automation and digitisation of reporting to record all transactions in future and have accurate data collection. The directive came in a CCOE meeting held on Thursday under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar. On the occasion, Ogra presented the revision in rules regarding punitive measures and fines. The meeting was informed that fines would be imposed for non-compliance with licence conditions and violation of Ogra…

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