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.
Court directed relevant authorities to submit paragraph-wise comments on Marwat’s petition and sought details of...
Maryam directed authorities to prepare a plan for setting up a value-added industry for pink salt
Parliamentary committee will also propose measures for full implementation of Democratic Charter
Pakistan to learn from Egypt, which successfully eliminated Hepatitis C
Reko Diq is considered one of world’s largest undeveloped copper and gold resources
Former PM was questioned on Sat by a three-member FIA team in connection with a threatening post made from his X account
