Category: Shortcode

The Premier Shehbaz led Federal Government has stepped back from the agreed condition with the International Monetary Fund (IMF) by reducing Petroleum Levy gradually due to political gains. The Shehbaz Government had agreed with the IMF to collect Rs850 billion during the current fiscal year by gradually enhancing Petroleum Levy to Rs50 per litre up to April 2023 to revive the stalled loan program. According to the Finance Ministry, the government has collected Rs47.4 billion (5% of total estimated target) PL during the first three months. Sources said that the…

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Domestic consumers are bracing for long hours of gas outages as they are receiving supplies for only eight hours a day to meet cooking needs amid growing demand of gas in current winter season and non-availability of expensive imported LNG on spot purchase. The gas deficit in the country for the winter season 2022-23 has been worked out at 1.35 bcfd (billion cubic feet per day). The gas deficit would stay at 900-1,000 mmcfd in the SNGPL system that covers Punjab and KPK. The gas availability in the SNGPL system…

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The district administrations of Peshawar and Mardan divisions on Saturday imposed bans on opening of all CNG stations in the districts from January 1 to January 31. In separate notifications, the decision has been made on the recommendation of Sui-Northern Gas Pipeline Limited (SNGPL) and Home and Tribal Affairs Department. All the CNG stations situated in both divisions would be closed to ensure a sufficient supply of gas to minimize the suffering of the domestic consumers. The ban has been imposed under section 144 of Cr.PC and strict action would…

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The long-awaited project of connecting the Thar coal deposit by railway to the Pakistan Railway network is set to soon receive financing.  PC-I of the project has reportedly been prepared and is expected to be approved soon”. The total project cost of Rs 58.240 billion would be supported on an equal cost sharing basis through the Public Sector Development Programme and the Annual Development Plan. Background information  Prime Minister Shehbaz Sharif had instructed on October 5th that the Thar Coal Mines be linked to the country’s railway network by March…

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The National Accountability Bureau (NAB) has initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly, ARY News reported on Saturday.   According to details, the accountability watchdog initiated an investigation against ‘illegal’ recruitment and promotion in Sindh Assembly and sought details from Secretary Sindh Assembly Umar Farooq. As per a statement, the NAB has sought details from Secretary Sindh Assembly Umar Farooq and his 14 family members. The watchdog has also sought details of assets possessed by Secretary Sindh Assembly’s family – Wife, two sons and three daughters. The details…

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