ISLAMABAD: The Petroleum Division issued directives to both gas companies – Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for withdrawal of imposition and collection of levy under Grid (Captive Power Plants) Levy Ordinance 2025. In a letter to both gas companies, the Petroleum Division states, “A letter of division dated April 11, 2025 on…
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LAHORE: The proposed average prescribed price for FY 2025-26 is Rs 2,485.72 per MMBTU. Approximately 51 percent of the increase is attributable to the diversion of costly Re-gasified Liquefied Natural Gas (RLNG) to system gas consumers. This diversion has primarily resulted from reduction in power off-take of committed RLNG volumes. Decline in consumption by Captive Power Plants (CPPs), has also…
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LONDON: European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday. Fatih Birol was speaking at the International Energy Week conference in London. “Europe has been importing a lot of Russian LNG to help its economies,” he said. “It may be high time to…
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Islamabad — Pakistan and Azerbaijan have signed agreements and memorandums of understanding (MOUs), chiefly about trade and energy, during a visit to Azerbaijan by Pakistani Prime Minister Shehbaz Sharif. Sharif arrived Sunday in the Azerbaijani capital, Baku, for a two-day visit to hold talks with President Ilham Aliyev and other top officials. In a post on social media, the Pakistani…
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Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles weighed on sentiment. Brent futures were up 20 cents at $76.24 a barrel by 0600 GMT. U.S. West Texas Intermediate crude dropped 30 cents to $71.95. The March contract expires on…
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Islamabad February 17, 2025: The Oil and Gas Regulatory Authority (OGRA) conducted a seminar on regulatory framework and safety in CNG Sector, emphasizing the importance of safety to minimize incidents at CNG stations. The event held at OGRA’s Auditorium, was graced by the presence of the senior government officials alongwith DG Gas, Chief Engineer HDIP and All Pakistan CNG Association.…
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KARACHI (Feb 18): Sindh Chief Minister Syed Murad Ali Shah chaired a follow-up meeting of the Business Facilitation Coordination Committee (BFCC) and took certain decisions, including the resolution of the longstanding issue of the Infrastructure Cess to unlock Rs 180 billion currently tied up in court for l infrastructure development of the city and removal of soft encroachments/ land grabbing…
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PESHAWAR: Pakistan took a significant step toward modernizing its power distribution networks with the signing of a grant agreement at the Center for Intelligence Systems and Network Research (CISNR), University of Engineering & Technology (UET) Peshawar. The agreement is part of the GIZ-commissioned project “Digitalization and Decarbonization of Power Distribution Networks,” funded by the Federal Ministry for Economic Cooperation and…
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Pakistan and China signed multiple memorandums of understanding (MoUs) Thursday to enhance cooperation in different fields, including renewable energy, fertiliser and construction. An MoU was signed between Pakistan’s Thatta Cement Company and China’s Qing Gong Construction Group, under which a production line will be set up in Pakistan to increase cement production by 5,000 tonnes per day. Another MoU was…
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Gold prices have surged to historic levels in Pakistan, driven by increases in both the international and local markets. In the global bullion market, the price of gold rose by $29 per ounce, reaching $2,772, Express News reported. Locally, gold prices hit record highs on Friday. The price of 24-karat gold climbed by Rs2,900 per tola to reach Rs289,600, while…
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