Category: Shortcode

The Sui Southern Gas Pipeline (SSGPL) has stopped the gas supply for the Kepco and industry for the third consecutive day as gas crisis hits the port city of Karachi. The gas authorities said that the gas supply would be stopped to Gepco and the general industry on Sunday. It has been notified that provision of gas would be available from Monday 8am. he CNG stations in Karachi are also closed for the third consecutive day. Meanwhile, “Assuring a sustainable continuity of gas supply will go a long way for…

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If there’s one lesson Pakistan’s policymakers can learn from the ongoing tumult in the international energy markets, it is to look for economical and reliable substitutes to the expensive import-based fuel mix for tackling longstanding power sector challenges: availability, affordability and accessibility.Energy prices have shot through the roof and suppliers cancelled their long term contracted LNG shipments on Covid-related supply chain disruptions exacerbated lately by the Russian-Ukraine conflict, underlining how vulnerable Pakistan’s energy security is to the global price and supply volatility. The previous Nawaz Sharif government had attempted to…

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Cnergyico Pk Limited (formerly Byco Petroleum), one of Pakistan’s largest petroleum companies, today announced the signing of a memorandum of understanding (MoU) with the financial wellness platform Abhi that provides salary advance service. Cnergyico plans to use Abhi’s innovative financial technology to facilitate its employees located all across Pakistan. With Abhi, employees can access their earned salary, at any time of the month. Speaking on the occasion, Mr. Azfar Saeed Baig, Cnergyico’s Vice President for Information said, “taking care of employees has been the number one priority at Cnergyico. The…

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Mr. Irfan Iqbal Sheikh, President FPCCI, has said that the economic and business environment has reached a point where the business community finds the demand of imposing an economic emergency justifiable to put an end to the economic uncertainty. He added that businesses cannot operate profitably under such harsh and unfavorable conditions. Mr. Irfan Iqbal Sheikh emphasized that the policy rate must be aggressively brought down to 7 percent from its current level of 12.25 percent to make access to finance affordable for the private sector to keep the economic…

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As the national flag bearer, PSO remains committed to fueling the nation under all circumstances, ensuring an uninterrupted supply of fuel at its retail outlets nationwide. In view of the increasing demand of diesel, mainly due to harvesting season and limited product availability/imports by other market players, PSO has arranged 05 additional high-speed diesel (HSD) cargoes from March till May 2022. PSO’s Financial Burden Worsens as it Grapples With Supply Management IssuesThese cargoes are over and above the 11 cargoes planned in accordance with PSO’s usual market share as committed…

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