Exchange losses: ECC approves Rs27bn TSG for Kuwait Petroleum ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, Tuesday, approved an immediate technical... Updated 22 Mar, 2023 09:00am
Print Results of GDMP/GDMO: EPQL advised to submit detailed assumptions ISLAMABAD: M/s Engro Power Gen Qadirpur Ltd (EPQL) has reportedly not submitted feasible assumptions for ... Updated 22 Mar, 2023 09:00am
Print Kuwait Petroleum receivables: PD seeks Rs27bn from MoF ISLAMABAD: Petroleum Division has sought Rs 27 billion from Finance Ministry to clear outstanding receivables of... Updated 22 Mar, 2023 09:09am
Print Too tight fiscal space: MoF bans SGs, subsidies Cites limited fiscal space and cap on expenditures as reasons Updated 21 Mar, 2023 09:02am
Print Petrol subsidy to bikers: two options under study ISLAMABAD: On an average consumption of 17.5 litres per month, the two options under consideration for petrol... Updated 21 Mar, 2023 08:58am
Print No subsidized gas for fertilizer plants after May Decision taken at a recent meeting of the ECC when supply of subsidized gas to two urea fertilizer plants in Punjab came under discussion Updated 21 Mar, 2023 01:05pm
Business & Finance Ogra convenes meeting on exchange rate mechanism ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has convened a meeting to brief and align all the ... Published 18 Mar, 2023 06:14am
Print Urea production: Fertiliser plants to get gas till May 31st: ECC ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to supply indigenous gas to urea... Updated 16 Mar, 2023 10:00am
Print Mar-Sept key imports: govt needs $8.5bn Petroleum Division submits financing requirements to government for the seven months so that appropriate arrangements may be made in time Updated 14 Mar, 2023 11:12am
Print Recovery of actual gas cost: Petroleum Div proposes amendments to law ISLAMABAD: Petroleum Division has proposed amendments to the Natural Gas (Development Surcharge) Ordinance, aimed at... Updated 13 Mar, 2023 09:13am
Print LNG import: ECC may allow PLL to execute FA with Azeri firm ISLAMABAD: The Economic Coordination Committee (ECC) may allow Pakistan LNG Limited (PLL) to execute a proposed... Updated 12 Mar, 2023 09:54am
Business & Finance Recovery of Rs445bn GIDC: Petroleum Div seeks help of AGP ISLAMABAD: The Petroleum Division has sought the Attorney General of Pakistan (AGP)’s assistance in recovering Rs... Published 07 Mar, 2023 03:16am
Print PL: Govt projects Rs175bn revenue shortfall The government expected to raise rate of PL on high-speed diesel by Rs 5 to Rs 50 per litre Updated 04 Mar, 2023 09:03am
Print IP gas project: Govt has sought relaxation from US, PAC informed ISLAMABAD: Federal government has sought relaxation from the US administration on Iran-Pakistan (IP) Gas Pipeline... Updated 02 Mar, 2023 09:13am
Print PD’s help sought for settlement of PPL receivables of Rs132.11bn against Genco-II ISLAMABAD: Directorate General of Gas of the Petroleum Division (PD) has sought help from the division for the... Updated 19 Feb, 2023 02:49pm
Print OGDCL asked by ECC to give Missa Keswal D&PL extension ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Oil and Gas Development Company... Updated 17 Feb, 2023 08:48am
Print Ogra tasked to carry out audit of OMCs ISLAMABAD: Federal government has tasked the Oil and Gas Regulatory Authority (Ogra) to carry out the audit of oil... Updated 10 Feb, 2023 08:57am
Print PL on POL products target: IMF-govt talks hamstrung by disconnect Final figure of actual petroleum levy collection on POL products in the first half of financial year will be released in the current month Updated 08 Feb, 2023 09:17am
Print Tariff of indigenous gas-run CPPs likely to be reviewed Government to allow new CPPs with cogeneration technology to get RLNG connections at notified tariff Updated 06 Feb, 2023 09:06am
Print PM directs PD to recover Rs1.13bn royalty amount from 2 oil, gas cos Islamabad: Prime Minister Shehbaz Sharif has directed the Petroleum Division to recover an outstanding royalty... Updated 05 Feb, 2023 09:15am
Print Saudi Arabia links oil refinery’s setup with political consensus Saudi Minister of Investment had suggested that in order to develop across the board political consensus and ownership of the oil refinery project the matter may also be tabled before the Parliament Updated 03 Feb, 2023 09:20am
Print Panel asks PD to broker agreements between govt, gas producing provinces ISLAMABAD: A parliamentary panel, on Thursday, asked the Petroleum Division to provide gas sale and purchase... Updated 03 Feb, 2023 08:57am
Markets Minister opens gas transmission project LAHORE: Minister of Energy (Petroleum Division) Senator Dr Musadik Malik inaugurated gas transmission project in... Published 28 Jan, 2023 06:20am
Business & Finance TAL JV allowed to sell Mamikhel gas ISLAMABAD: The government has allowed TAL Joint Venture to sell gas from Mamikhel South discovery to third party... Updated 28 Jan, 2023 08:44am
Business & Finance SNGPL says has reduced UfG losses by 23,348mmcf ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) has claimed to reduce the unaccountable for gas (UfG)... Updated 28 Jan, 2023 08:43am
Print Loss-cutting targets: PM Secretariat seeks report on gas utilities’ failure ISLAMABAD: Prime Minister Secretariat asked the Petroleum Division about the actions being taken by the two gas... Updated 26 Jan, 2023 09:15am
Markets PD seeks extension in D&PL for Hala Block ISLAMABAD: Petroleum Division has sought extension in Adam X-1 Development and Production lease (D&PL) for Hala... Published 25 Jan, 2023 06:25am
Print Gas recovery in Guddu: EWT: Govt likely to allow OGDCL extension ISLAMABAD: The government is likely to allow one-year extension to Oil and Gas Development Company Limited (OGDCL) ... Updated 25 Jan, 2023 08:55am
Business & Finance POL products: additional Rs76bn revenue can be generated thru PL maximization to Rs50 per litre ISLAMABAD: The government has projected to collect Rs 76 billion additional revenue if it maximizes the petroleum... Updated 25 Jan, 2023 08:56am
Print Two fertiliser plants: PD seeks Rs25.6bn for RLNG supply Petroleum Division follows instructions of the Economic Coordination Committee of the cabinet Updated 21 Jan, 2023 11:40am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’