Islamabad [Pakistan], February 16 (ANI): Petroleum transporters have announced that they will hold an indefinite protest from Wednesday onwards if the government does not increase fares of fuel transportation that have remained unchanged since 2011 and warned to cut fuel supplies across the country.
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Increasing production cost making difficult to run factories, Abdul Rasheed SITE chief demands to withdraw recent increase in POL prices KARACHI: President, Site Association of Industry, Abdul Rashid, has declared the recent increase in POL prices disastrous for the economy and has appealed the Prime Minister Imran Khan to withdraw the recent increase in POL products otherwise, it will become more difficult to run factories due to constantly increasing cost of production. In an appeal to Prime Minister Imran Khan, Energy Minister Hammad Azhar and Advisor for Commerce and Investment…
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Islamabad February 16 2022: Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a virtual meeting with Saudi Investment Minister Engr.Khalid Al-Falih, today. Chairman Board of Investment Mr. Muhammad Azfar Ahsan and other senior officers also participated in the meeting. Both sides highlighted deep-rooted bilateral ties and cordial relationship between the two countries. The two sides discussed about the potential for increased collaboration and investment in the various sectors including agriculture, food security, Information Technology, infrastructure development, Refinery and vowed to extend business and economic ties. The Saudi Minister…
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In a major development for the power sector, the Senate passed on Thursday the Weighted Average Cost of Gas (WACOG) bill. The development was announced by Federal Minister for Energy Hammad Azhar who said the bill is a “historic reform”, which will ensure Pakistan’s energy security. “WACOG bill has been passed today by Senate as well. It is a historic and long-pending reform that will ensure the energy security of Pakistan,” said Azhar in a tweet. The federal minister was of the view that the development would allow the government…
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The government has reinstated the rates of Unaccounted for Gas (UFG) losses on the distribution of RLNG (Regasified Liquid Natural Gas) to pre-August 2020 levels, which analysts said would help reduce buildup of circular debt in the days to come. According to Oil & Gas Regulatory Authority’s (OGRA) latest notified prices of RLNG for January and February 2022, the rates of UFG losses of gas companies i.e., Sui Northern Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) now stand at over 12 percent and 18 percent respectively. UFG rates…
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