The post of vice chairman will also be created
Officials said out of Rs2.9 trillion circular debt, Rs1 trillion had been added just because of no increase in gas prices in the last 10 years
Under the LNG agreement with Qatar, PSO is the nominated entity of the government that will import LNG and pay back for the product
A file photo of a liquefied natural gas tanker. — AFP/FileISLAMABAD: The Pakistan State Oil will not borrow loans from commercial banks from now...
The government would re-engage the IMF on its circular debt reduction plan which the Fund on February 12, 2024 rejected
The Fund earlier on February 12, 2024 refused to support the tariff rationalisation plan
A water customer will have the right to file an appeal to the Authority against a final notice
China is Pakistan’s largest trading partner and biggest source of foreign direct investment. In 2022
Now the government will allow E&P companies to sell 35 percent of gas to the private sector and 65 percent to public sector gas companies
A worker can be seen loading the LPG cylinder. — AFP/FileISLAMABAD: The outgoing caretaker regime has prepared a draft of the LPG policy for 2024...
The role of the Petroleum Division shall be limited to policy-making with Ogra having a more effective regulatory role
The milestones and timelines will be firmed up in front-end engineering design of the Upgrade Project
Iran has already extended the 180-day deadline till September 2024 to Pakistan for showing seriousness towards the much-delayed IP gas line project
RLNG cost of over $12 per MMBtu will fully be recovered from the dwellers of the housing societies
High power tariffs in Pakistan have placed an enormous burden on energy-intensive industrial sectors that are the backbone of the economy
Special Investment Facilitation Council to this effect has approved the changes in the gas merit order, source says
The officials said, the 81-kilometer pipeline will connect Gwadar with the IP gas line project and gas will be used in Gwadar initially
In both the references, the court held that the accountability court lacked jurisdiction as no offense was made under the NAB laws
Research by WB shows that 10% import duty in Pakistan increases profits from selling domestically relative to exporting by 40% on average
The government increased the system 'local' gas prices with an immediate effect from February 1, 2024
JJVL management also suggested to government’s top mandarins that if a discovery is made where extraction of LPG is possible
Textiles and apparel sector are at high risk of shutting down over coming weeks which will cause widespread unemployment and social unrest
Tariff was hiked to meet deadline of for hiking the gas prices under structural benchmark criteria till February 15, 2024
Official says caretaker setup is bound to implement OGRA’s decision to achieve Rs100bn by Feb 15 under IMF directives
The private sector would have full control of Discos’ affairs with the right to change the board of directors
Amount of incentive package on behalf of govt for upgrade of existing refineries has been enhanced to 27.5% from 25% to compensate loss in incentives
Earlier on June 2 OGRA announced a 50 percent increase for the consumers of SNGPL
Circular debt came down in the management plan through a one-time cash injection of Rs745 billion
NEPRA is scheduled to come up on July 1, 2024, with the rebased tariff for the next financial year 2024-25
Irteza Qureshi had also rendered his service in OGDCL as Chief Financial Officer
Top mandarins of Finance Ministry would seek Fund’s nod on tariff rationalisation plan, prepared by Power Division think-tank
Telemetry system was first installed in 2003 at cost of Rs340m, which faced complete failure and IRSA disowned it
Policy aims to promote activities in this sector by offering a significant 40% premium on zonal price, defined in Petroleum Policy 2012
At present the government is charging Rs60 per liter on petrol as a petroleum development levy
Decided that funding for completion of development projects on which 80 percent progress had been made would be completed on priority basis
Iranian technical jointly work out win-win strategy before end of 180-day deadline so that project is materialised
Forum will also take up for approval tight gas policy under which 500mmcfd to 1bcfd gas will be explored in two to three years period
After IRSA gets restructured, the representation of the federal government would increase in IRSA in numbers
The industry has an installed export capacity of approximately $25 billion per year
The SIFC also approved that the authorities must send the proposed circular debt management plan to the IMF
Earlier, MoUs were signed with 47 IPPs as a consequence of negotiations during 2020
Cabinet argued that these steps were diversions from real sustainable solutions a senior official of Energy Ministry told The News
For inclusion of TAPI gas line project in FIPPA Act 2022, they said, draft summary to ECC was circulated by Petroleum Division on Oct 3, 2023
The refinery will be allowed to export surplus petroleum products, subject to approval from Ogra
All producers are to develop a transparent pre-qualification criterion for the auction of LPG, to be followed by all marketing companies
Top officials of SBP informed this welcoming development to Special Investment Facilitation Council
Plant can be used as an import substitution industry against LPG import and save precious foreign reserves being used for import of liquid gas