Sui companies’ non-payment to Exploration and Production companies have increased to Rs1,500 billion as of March 15, 2024
APTMA also drew the attention of the finance minister toward high taxes and persistent delays in refunds have squeezed out all liquidity from...
Ogra determines the natural gas tariff for domestic sector consumers and LNG price separately for power sector
This photo shows the flames of a lit burner of a gas stove. — AFP/FileISLAMABAD: In a major development, the sitting regime has decided to...
The Saudi FM and FM Ishaq Dar held comprehensive talks to lend a positive impetus to bilateral cooperation
He was received by his counterpart Mohammad Ishaq Dar and Ambassador of Saudi Arabia Nawaf bin Saeed Ahmad Al-Malkiy
The Refining Policy, which took four years in the making, with its final approval in February 2024
IRSA hopes that the water inflows in the Indus, Kabul and Jhelum rivers will increase manifold in the days to come
The Sui Southern had asked for an increase in gas price by Rs274.4
Iran had asked Pakistan in Nov-Dec 2022 in its second notice to construct a portion of gas line project
“The Iranian president may visit after April 20, with tentative dates set for April 22-24
During early Kharif from April 1 to June 10, there will be no water available for below Kotri water releases which are essential to stop the sea...
Authorities would also restructure the existing tariff by increasing the fixed charges and reducing the variable changes
Indus River and Wapda’s opposition against the water releases from low-level outs of Tarbela Dam
The government will end this subsidy to domestic consumers for the next financial year 2024-25 under the head of RLNG use
Sources said that this change in the import policy of vehicles has raised eyebrows
The top official said that the power sector placed the demand for 480 mmcfd RLNG for March and 470 mmcfd for April
In the IRSA technical committee meeting, Sindh has already shown its concerns over the Wapda’s failure to complete its tunnel projects
All provinces in the technical committee were in agreement about the water inflows in the system
The work by Wapda on T-3 and T-4 was to be completed by October-November 2023
The decision on the matter would be made by Ogra after conclusion of the public hearing in Peshawar
Both the Sui firms are also using the costly RLNG in their system but failed to pay back to Pakistan State Oil
Officials termed the projections in the petitions as highly exaggerated that need to be rationalized
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
