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National Electronic Power Regulatory Authority (NEPRA) on ratified the government s decision to increase the price of electricity paving way for increase in the basic price of electricity. The NEPRA has decided to increase the price of electricity by Rs 1.68 paisa for domestic consumers and Rs 1.39 paisa for commercial and industrial consumers. According to officials, the increase will not apply to consumers up to 200 units per month, while the increase in electricity prices will be applicable from November 1, 2021. The increase is applicable for the entire country,…

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The state-run Pakistan LNG Limited (PLL) on Friday received yet another set of most expensive bids for two cargoes of liquefied natural gas (LNG) for delivery in third and last week of the current month. Earlier this week, PLL had invited emergency bids to make up for the sudden gas shortage caused by default on the part of two long-term suppliers — ENI of Italy and commodity trader Gunvor — and sought bids for two replacement cargoes for November 19-20 and November 26-27 latest by November 5 (Friday). This was…

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However, the dealers warned that they would go on strike for an indefinite period from November 20 if the government did not honour its commitment. Speaking at a news conference, Sarhad Petroleum and Cartage Dealers Association Chairman Abdul Majid Khan said the government had promised to raise their profit margin, therefore, the association was going to postpone its strike for now. He said a delegation of the All Pakistan Petroleum Dealers Association led by its Chairman Abdul Sami Khan held a meeting with Federal Minister Hammad Azhar, secretary Petroleum, officials…

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Prime Minister Imran Khan claimed again on Friday that Pakistan still had the cheapest petrol prices in the region. The Prime Minister said that there was uproar in India too over petrol prices as there is Rs150 price of per litre petrol as compared to Pakistan where it is the lowest at Rs146. He expressed these words while addressing a gathering at Attock after ground-breaking ceremony of a Maternal and Child Hospital on Friday. The PM said that per litre petrol price in Bangladesh is Rs200. He stated that Pakistan…

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THAT is what things have now been reduced to: jokes and desperation. Wednesday saw an example of each. It was a joke when the National Accountability Bureau (NAB) told a Senate committee that it had recovered up to Rs821.5 billion “since its inception” while the finance ministry told the same committee in the same hearing that only Rs6.5bn had been deposited in the account set up specifically for the purpose of receiving all recovered amounts. Immediately a question arose: where did all the money NAB is claiming it recovered, go?…

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