ISLAMABAD: The interim government may sustain the prices of petroleum products in the first half of January 2024 following a marginal increase in the prices of Brent globally. According to the estimates of Oil Marketing Companies (OMCs), the prices of petrol and kerosene oil (SKO) would go down by Re1 per litre, whereas, the prices of high-speed diesel (HSD) and light diesel oil (LDO) may go up by Rs2 per litre. The estimates of OMCs are based at zero adjustment in exchange rate and current petroleum levy (PL) rates and…
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OGDCL Organizes Three-Day Free Surgical Eye Camp at Chak Naurang Oil Field in Chakwal
ISLAMABAD, December 28, 2023: The Oil and Gas Development Company Limited (OGDCL), as part of its Corporate Social Responsibility (CSR) initiatives, organized a three-day Free Surgical Eye Camp at its CSR Dispensary in Chak Naurang, located in the Chakwal district of Punjab in collaboration with the Al-Shifa Eye Trust Hospital. The eye camp, held from December 24 to 26, aimed to provide essential eye care services to the local community.During the free eye camp, a total number of 1290 patients were screened at the OPD and received essential preliminary assessments.…
Read MoreNEPRA considers hike of Rs4.66/unit
Attributes rise to FCA; will put additional burden of Rs33b on consumers ISLAMABAD: As the calendar flips to 2024, consumers are bracing themselves for yet another blow to their household budgets. The National Electric Power Regulatory Authority (Nepra) has signalled a potential surge in electricity prices, with a proposed increase of up to Rs4.66 per unit in the electricity bills for January 2024. This anticipated hike, attributed to the fuel adjustment for the month of November, could collectively burden power consumers with an additional Rs33 billion. Nepra held a public…
Read MoreCPEC further strengthens Pak-China ties: Alvi
China is largest trading partner of Pak, also important source of FDI in country, says President President Dr Arif Alvi on Wednesday said the China Pakistan Economic Corridor (CPEC) had helped further expanding and strengthening the bilateral relations between the two countries. He expressed these views while talking to Pakistan’s Ambassador to China, Khalilur Rahman Hashmi who called on him at Aiwan-e-Sadr. The president said under CPEC, a network of roads had been laid across the country whereas infrastructure projects of strategic importance were also included in the mega project.…
Read MoreENI confirms LNG cargo in January after initial doubt
ISLAMABAD: Pakistan, which is facing a severe gas shortage that has crippled its power sector and industries, will receive a liquefied natural gas cargo from Italy’s ENI SpA on Jan. 18 as scheduled, averting a potential supply disruption, government offcials said on Wednesday. ENI, one of the long-term LNG suppliers to Pakistan, had earlier indicated that it might not be able to deliver the cargo. However, the company later confirmed that it would honor the contract as per the LNG term agreement. “Some days back, ENI communicated to Pakistan LNG…
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