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Imports of petroleum group contract by 17.96pc in 10 months  

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petroleum-group

ISLAMABAD – The imports of the overall petroleum group contracted by 17.96 percent during the first ten months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-April (2022-23) stood at $13,974.610 million, as against the imports of $17,033.574 million during the same period of last year, according to PBS data. Among petroleum commodities, the import of petroleum products declined by 28.07 percent, from $8,549.224 million last year…

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Pakistan faces default by October without IMF bailout, says former finance minister

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Miftah Ismail says IMF programme is “essential” for Pakistan if it is to avoid default KARACHI: Pakistan faces default by October this year without a bailout from the International Monetary Fund (IMF), former finance minister Miftah Ismail said on Thursday. Ismail, who was finance minister from September to October last year, said the delay in the IMF programme had pushed the country’s economy into “current troubles”. “It is clear that Pakistan would default without an IMF programme in the last quarter of this financial year, if not by the end…

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OGRA Webinar on LNG

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LNG-1

slamabad. The Oil & Gas Regulatory Authority on 18th of May 2023 conducted the 1st Session of the knowledge sharing Webinar on LNG. The participants included Ministry of Energy, Engro Elengy Terminal Limited, Pakistan Gasport Consortium Limited, Tabeer Energy Private Limited, Energas Terminal Private Limited, Port Qasim Authority and Karachi Port Trust. The session started with the recitation of the Holy Quran followed by the National Anthem.Chairman OGRA Mr. Masroor Khan gave the opening remarks highlighting the importance of LNG sector in the energy mix of Pakistan. He pointed out…

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Dastgir inaugurates 500kV transmission line between Thar and Matiari

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Transmission-Line

HYDERABAD: Federal Minister for Energy Khurram Dastgir on Thursday inaugurated the 500-kilovolt Thar-Matiari transmission line.He visited Noh Hotiani village in Matiari district where he inaugurated the 500KV Thar-Matiari transmission line.According to a spokesperson for the National Transmission & Despatch Company (NTDC), the project was completed in a record period of two-and-a-half months. The 220-kilometre-long transmission line connecting Thar with the national grid cost around Rs20 billion. Earlier, Dastgir spoke at a ceremony organised by the NTDC in connection with the inauguration of the transmission line at a hotel in Hyderabad.…

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