Category: Shortcode

Petroleum Minister’s Absence Stalls Key Gas Reform Decisions

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Musadik-Malik

ISLAMABAD: The absence of Petroleum Minister Musadik Malik has delayed a crucial decision on allocating 35% of future gas discoveries to the private sector, hindering progress in the 20-member Task Force on Gas-Related Issues, led by Deputy Prime Minister Ishaq Dar. Sources revealed that Malik, despite assurances of joining Monday’s meeting via video link from Russia, missed his second consecutive session, preventing the task force from finalizing the 35% gas allocation proposal. Malik had suggested phasing in the 35% target by 2031, increasing by 5% annually from the current 10%.…

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Jawed Bilwani, Zia ul Arfeen, Faisal Khalil elected as President, SVP, VPBMG, KCCI Leadership vow to fight aggressively for business community’s rights

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New-KCCI

KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were announced elected as President, Senior Vice President and Vice President of the Karachi Chamber of Commerce & Industry (KCCI) respectively for 2024-26 at the 63rd Annual General Meeting held at KCCI’s Auditorium.Chairman Businessmen Group (BMG) Zubair Motiwala, Vice Chairmen BMG Anjum Nisar and Mian Abrar Ahmed, General Secretary BMG AQ Khalil, newly elected President Jawed Bilwani, newly elected Senior Vice President Zia ul Arfeen, newly elected Vice President Faisal Khalil, Retiring President Iftikhar Ahmed Sheikh, Retiring Senior Vice President…

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OIL AND GAS REGULATORY AUTHORITY

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oil price

Islamabad, September 30, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective October 01 2024, as under; 2.  The LPG price Notification for the month of October 2024 is readily available at OGRA website www.ogra.org.pk. 3. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month Saudi Aramco-CP has increased by 3.84%. The average Dollar exchange rate has slightly decreased by 0.125% resulting to increase in LPG consumer price by Rs.86.28/11.8 kg cylinder (2.99%).…

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Power Outages in Gilgit Following Damage to Naltar Power Station

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Naltar-Power

GILGIT: Gilgit city has been experiencing severe power outages for the past four days due to a boulder striking the water channel of the 18-megawatt Naltar power station. The Water and Power Department reported that the power supply has been suspended since Wednesday and will likely remain disrupted until October 2 as maintenance efforts continue. The prolonged outages have significantly impacted daily life, with residents facing over 20 hours without electricity. Locals attribute the crisis to poorly designed power stations, outdated machinery, and mismanagement within the department. Residents like Nazakat…

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Pakistani Delegates Arrive in Moscow for Business-to-Business Trade Deals

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Pak-Moscow

ISLAMABAD: A delegation of 50-55 Pakistani business representatives has arrived in Moscow today for a series of business-to-business (BtB) trade meetings, aiming to boost bilateral trade across various sectors. Federal Minister for Petroleum Division, Musadik Malik, who is already in Moscow for the Russian Energy Week, will lead the delegation during the meetings with Russian counterparts. The BtB interactions will span three days, from September 30 to October 2, 2024. Organized by Pakistan’s Ministry of Commerce in collaboration with the Board of Investment and the Trade Development Authority of Pakistan,…

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