News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

Saudi Arabia, Malaysia offer LNG at cheaper rates: minister

The price of Liquefied Natural Gas (LNG) as per the 2016 deal signed with Qatargas for 15 years at 13.37 percent of Brent is considerably more expensive than what is available at spot rates today. Saudi Arabia and Malaysia offered LNG at relatively cheape

Published 30 Mar, 2019 12:00am

RLNG-based power plants: Senate panel voices concern over financial adviser's selection criteria

A parliamentary panel has shown reservations over hiring process of financial adviser (FA) as transaction manager for privatisation of two RLNG-based power plants, i.e, 1230MW Haveli Bahadur Shah and 1223MW Balloki. The Senate Standing Committee on Privat

Published 29 Mar, 2019 12:00am

Business & Finance

Parliamentary panel raise concerns over privatisation of RLNG power plants

ISLAMABAD— A parliamentary panel has shown reservations over hiring process of Financial Advisor (FA) as transaction man

Published 28 Mar, 2019 10:02am

Gas utilities to reimburse consumers for inflated bills

Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) would reimburse to gas consumers against inflated gas bills due to application of gas pressure factor but those consumers who paid higher gas bills due to revision in

Published 27 Mar, 2019 12:00am

Gas utilities to reimburse consumers for inflated bills

Published 27 Mar, 2019 12:00am

Gas utilities to reimburse consumers for inflated bills

Published 27 Mar, 2019 12:00am

Business & Finance

Petroleum division completes restructuring of five BoDs: Ghulam Sarwar Khan

ISLAMABAD: Federal Minister for Petroleum, Ghulam Sarwar Khan, has announced that the Board of Directors of five pu

Published 21 Mar, 2019 03:52pm

IMF's possible tax-to-GDP demand: Tough decisions await government in forthcoming budget: Pasha

Former finance minister and prominent economist Dr Hafeez Pasha Tuesday said that the government will have to take tough decisions in the next financial year budget 2019-20 in case the International Monetary Fund (IMF) asks it to enhance the tax-to-GDP ra

Published 20 Mar, 2019 12:00am

Private sector defaulters: Proposal to recover GIDC dues in six instalments under study

Ministry of Petroleum is considering a proposal to recover the outstanding gas infrastructure development cess (GIDC) in six installments from private sector defaulters, sources said. On January 24, 2019, Finance Minister Asad Umar announced that the cabi

Published 19 Mar, 2019 12:00am

'Francophonie Festival' held at Centre Culturel Francais

Embassies of Argentina, Austria, Belgium, France, Switzerland and Tunisia jointly arranged 'Semaine de la Francophinie' or 'Francophonie Festival' here at Centre Culturel Francais on Saturday. This included screening of three feature films, language readi

Published 17 Mar, 2019 12:00am

SNGPL, SSGC directed to adjust inflated gas bills by June 30

The federal government has given June 30, 2019 deadline to gas companies - Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) - to reimburse/adjust Rs 2.5 billion to consumers against inflated gas bills. A parliamentary panel w

Published 16 Mar, 2019 12:00am

PMRA Act: Revised concept paper on proposed legislation sought

A parliamentary panel sought on Tuesday a revised concept paper on proposed legislation "The Pakistan Media Regularity Authority (PMRA)" with more clarity amidst objections raised by lawmakers from Pakistan Muslim League-Nawaz (PML-N).

Published 13 Mar, 2019 12:00am

Two RLNG plants: border tensions delay FA''s appointment

The Privatization Commission (PC) has delayed the process of appointment of Financial Advisor (FA) for privatization of two RLNG power plants, well-informed sources told this correspondent. A senior Board member told Business Recorder that the proc