ISLAMABAD: The government directed the minister for petroleum and natural resources to ensure uninterrupted fuel supplies to Wapda, Hubco and Kapco to avoid power crisis in the country, a minister said on Wednesday.
Shahid Khaqan Abbasi, minister for petroleum and natural resources said ministry of water and power could not make timely payments to the Pakistan State Oil against supplies, which resulted in an inconsiderable accumulation of receivables against these entities.
Abbasi told the National Assembly that the petroleum ministry has been regularly following up the matter with the ministries of finance and water and power for the settlement of circular debt.
He said total receivables from 2013-17 amounted to Rs 272.3 billion. Minister said the government is providing gas connections to domestic consumers on merit basis. Currently, Pakistan is not importing liquefied natural gas (LNG) from Iran due to international sanctions.
He said consumers have to face shortage of gas due to its supply to factories and industries. He informed the lower house that presently around five million consumers are using LNG in the country.
On a question, the minister said Sui Northern Gas Pipelines laid long service line measuring one inch dia x 2,000 meters and 16 combing cases measuring one-inch dia x 3,908 meters and two-inch dia x 3,380 in Mardan during the fiscal year of 2015/16.
Abbasi said the processing of long service line and combing cases has been carried out solely on the basis of maturity of applications as per turn/merit of each case according to the company’s policy.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March