Petroleum report for the second quarter ending December finds gas production follows in the fall as its growth saw a 4 pc drop as well
The privatization board meeting decided to sell 10 percent shares of OGDCL and PPL.
Federal government increased petrol price by Rs25.58 after decreasing it a short while back resulting in a countrywide scarcity
He was talking to media after appear before the Peshawar High Court in a case related to petrol shortage.
The policy amendments recommended by the PM's Task Force on Energy were approved by the federal authorities.
The sale prices of petroleum products were fixed in paisas along with rupee as per standard international practice, the minister said.
Sources said the OGRA had forwarded its summary on petroleum prices on the basis of increased rates of general sales tax (GST) and petroleum levy.
ISLAMABAD: Pakistan is offered by Azerbaijan to attain an open credit line worth $100 million for the purchase of petroleum related goods, without any superior guarantees. According to report, a senior government official said at present the offer proposed by Azerbaijan will be a helping hand to Pakistan. Previously, immense pressure is being built on the government related to balance of payments & falling foreign exchange reserves, for which it is decided that Pakistan will soon originate talks over a bailout…
ISLAMABAD: The Senate Standing Committee on Petroleum in its meeting on Monday called for undertaking a probe into the of under-utilization of LNG Terminal 2 at Port Qasim Authority, ARY News reported. According to details, the Senate committee questioned as to why the Pakistan GasPort Consortium (PGPC) terminal is under-utilized and why power division doesn’t give adequate demands for gas production to the terminal. The committee expressed serious concerns as to why such a huge terminal was built and wrong assumptions…