Category: Shortcode

The Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef held on Wednesday evening a number of bilateral meetings with the ministers concerned with mining affairs in their countries. The meetings were held on the sidelines of the activities of the International Mining Conference, which kicked off earlier Wednesday at King Abdulaziz International Conference Center in Riyadh, under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The Minister of Industry and Mineral Resources met respectively with the Secretary of State for business, Energy and Industrial Strategy of the United…

Read More

Sindh Energy Minister Imtiaz Ahmed Sheikh, on Wednesday, directed to expedite electrification work in rural areas of Sukkur region and resolving right-of-way issues on priority. The minister was chairing a meeting of Sukkur Electric Power Company (SEPCO) here that was attended by Chairman SEPCO board Agha Laal Bakhsh, Chief Executive Officer SEPCO and other relevant officers. Expressing dissatisfaction over the pace of electrification work in Sukkur region, Imtiaz Sheikh directed that the electrification work should be expedited in the villages of Sukkur region by removing obstacles as Sindh government in the projects of development and prosperity of rural areas attached importance to provision of electricity to villages and wanted to carry out such…

Read More

The Oil and Gas Regulatory Authority (Ogra) on Wednesday allowed two gas companies — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) — to hike their prices by 74.42pc and 75.35pc, respectively. In its decision on the two companies’ petitions, Ogra allowed SNGPL to raise its average prescribed gas prices for the current fiscal year by Rs406.28/mmBtu and SSGCL to increase its average prescribed gas rates by Rs499.28/mmBtu. The two companies had asked the regulator for a hike of Rs1,294.02/mmBtu and Rs667.44/mmBtu, respectively, effective from…

Read More

As Pakistan eagerly awaits the delayed IMF review, it is almost certain that it won’t come without the authorities agreeing on revised targets on petroleum tax revenues for the rest of the year. With the petroleum demand going down by 20 percent year-on-year in 1HFY23, largely due to increased retail prices, the tax collection on HSD and petrol is expected to have stayed around Rs220 billion for the first half of the fiscal year. This is around a quarter of the annual revised target agreed with the IMF in November…

Read More

A three-member official delegation of the petroleum division headed by State Minister Musadik Malik has left for Saudi Arabia to attend the Future Mineral Forum (FMF), which will be held on January 10–12 in Riyadh. The petroleum secretary is also part of the delegation, a senior official of the energy ministry told The News, here on Monday. Saudi Arabia is seeking to attract SR63.7 billion ($170 billion) worth of investment in the mining industry by 2030 to help the country capitalise on its wealth of mineral resources, the total value…

Read More