Fund asked government to increase sales tax on POL products to 18 percent instead of 1-2 percent.
Right now, two units generated through roof solar panels are equal to one unit of grid electricity
If government wants meaningful results it should reduce electricity rates under the winter package
Implementation Framework will to be submitted in today's meeting of Ecnec for approval
"When pressure in the system reaches 5bcf, it can burst anytime, depriving whole country of gas availability," say officials
Federal Minister for Petroleum Division Musadik Malik took part in the meeting from Baku via video
Government has already managed to shift 5 LNG cargoes to 2026, earlier destined to reach Pakistan in 2025
Price of kerosene oil is also likely to increase by Rs5.54 per litre to Rs167.08 from Rs161.54 per litre
Competitive regime provisions system of multi-sellers and multi-buyers of electric power
Government assures IPPs that it would pay annual expenditures enough to keep power plants afloat to ensure their existence in system
On July 6, 2024, PM established committee, headed by Ishaq Dar, to address all gas-related issues
Govt official reveals Qatar accommodated Pakistan’s request, which is why authorities finalised annual delivery plan of LNG cargos for 2025
Turkmenistan will be having 85% share, while Afghanistan, Pakistan and India would have 5pc share of $200 million
Cutting off the gas-supply would lead to the closure of over 1,400 large units and unlimited smaller units
The Federal minister said that issue of captive power plants is sensitive which are being connected to national grid
Top functionaries have been directed to present comprehensive plan for elimination of illegal petroleum outlets
The first Pak-Uzbekistan Business Forum was held on July 15-16, 2021 at Tashkent
Earlier, Member Balochistan Abdul Hameed Mengal was the Irsa chairman for one year term
Study ‘The Great Solar Rush in Pakistan’ highlights Pakistan’s growing prominence in renewable energy landscape
Govt official says huge loss would multiply financial miseries of gas sector
Once Arbitration Court gets completed, case is likely to be decided in one year’s time
Sui Northern has asked for the prescribed tariff of Rs1711.73 per MMBTU for each category of consumers
Petrol price may go down by Rs3.29 per litre and high speed diesel by Rs3.13 per litre
PM Shehbaz, during his forthcoming visit to Qatar, may take up issue of rescheduling five LNG cargos
This has been disclosed by Transparency International, Pakistan in its letter dispatched on October 22
Letter also discloses names of experts that Petroleum Division wants from OGDCL, PPL and ISGS
Budgetary measures in Finance Bill for FY25 has hampered initiation of $6b investment for projects
Decision was made by task force on power after talking with bagasse-based IPPs of 225 MWs on Tuesday
This impasse puts the $6 billion investment for refinery upgrades at risk
Country has integrated Islamic banking but conventional banking still holds significant share
Now Deputy PM Senator Ishaq Dar would head both these committees, official sources told The News
Sources have confirmed that CPPA has already started working on making payments to IPPs before 90 days
An oil well seen in this image. — AFP/file ISLAMABAD: The oil industry has voiced serious concerns over the government’s deviation from the...
A representational image of an oil refinery. — Reuters/FileISLAMABAD: The oil industry has expressed serious concern over deviation from the...
Trade data shows that Pakistan gained considerable benefits from this multilateral platform
Board members are required to reject all forms of corruption—whether direct, indirect, public, or private
Consumers in Pakistan will face hike in price of POL products because of Middle East situation
Saudi Arabia's Minister of Investment Khalid Al-Falih to hold official, B2B meetings in Islamabad
Deputy Prime Minister Ishaq Dar heads the 20-member task force
However, pervious capacity payments and cost of electricity would be paid
RLNG supplies the four RLNG-based power plants for electricity generation
Former caretaker minister Gohar Ejaz says some IPPs raking in Rs260 million each without generating power
IPPs would not be paid future payments, but they would be paid previous dues, says govt official
The crackdown targets pumps abandoned or surrendered by oil marketing companies , officials say
Main challenge for Pakistani businessmen remains how to execute trade deals through banking channels
The volume of capacity payments of 23 IPPs comes up with an impact of Rs1.65 per unit
Federal Minister for Petroleum Division Musadik Malik will lead the country’s business delegates
petroleum minister may attend meeting through video from Moscow
