ISLAMABAD: The smuggling of petroleum products from Iran on a sustainable basis is not only detrimental to the country’s refineries, oil marketing companies and exploration & production companies but also to the national exchequer in terms of revenue.
During March-April 2024, the influx of smuggled petroleum products increased to 4,000 metric ton day as confirmed by the Oil and Gas Regulatory Authority (Ogra), causing a loss of $35.6 million (Rs9.941 billion) per month to the oil industry and government.
The Oil Companies Advisory Council (OCAC) wrote letters in March and April to the Interior Ministry, petroleum secretary and SIFC (Special Investment Facilitation Council) and later the prime minister chaired a special meeting to curb the smuggling of petroleum products in the country apart from stopping other items.
Move by Washington could affect more than 11,000 Afghans, many of whom supported United States
PTI leader says that Hindutva supremacist regime, despite facing repeated humiliation, continued to beat drums of war
Senator Chris Murphy has also pledged to force votes to block weapons sales to Qatar
Promotion notifications of officers of PAS, Police Service of Pakistan and Secretariat Group are likely to be issued...
Justice Aminuddin Khan asked counsel as to why objection to bench was being raised only during third hearing
Visit of Dar to Bangladesh that was postponed late last month due to Indian aggression was being rescheduled
