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MD PPL accused of irregular appointment
Auditor General of Pakistan (AGP) accused Managing Director (MD) Pakistan Petroleum Limited (PPL) for giving undue favour in appointment of head of legal and commercial by violating Hiring Policy (HR) of the company. The Audit Report on the Accounts of Petroleum Division and Oil and Gas Regulatory Authority 2023-24 revealed this which was laid in…
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Monsoon flooding Punjab ‘KP
ISLAMABAD – The National Disaster Management Authority (NDMA) on Wednesday warned of monsoon flash floods and urban flooding in Punjab, Khyber Pakhtunkhwa and other parts. Monsoon rains and thundershowers, as per NDMA’s Emergencies Operation Centre, are expected in Azad Jammu and Kashmir (AJK), Islamabad, KP and central and northeastern Punjab from July 17 to 21…
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NA approves Finance Bill 2024-25
Islamabad, Pakistan – Pakistan’s National Assembly approved a controversial tax increase bill on Friday. This move aims to meet ambitious revenue targets set for the upcoming fiscal year and secure a crucial loan from the International Monetary Fund (IMF). The government, led by Prime Minister Shehbaz Sharif, faces a sluggish economy and mounting debt. The…
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SNGPL payment of Rs 85 billion to PSO
Islamabad (May 27): Sui Northern Gas Pipelines Limited (SNGPL) has asked the federal government for the payment of Rs 85 billion to clear the scheduled payment of Pakistan State Oil (PSO) till May 31, 2024, besides equalization of gas rates at par with Sui Southern Gas Company (SSGC). Severing financial challenges being faced by SNGPL…
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New custom rules on imported milk
Islamabad (May 27): Pakistan’s Directorate General of Customs Valuation in Karachi has established new customs values for importing skimmed milk powder and instant milk powder. These changes apply to imports from countries like New Zealand, Australia, Europe, Canada, the USA, Turkey, and Iran. The new values are implemented through Valuation Ruling 1880 of 2024. This…
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PSO allows change rate adjustment on HSD import (May 16-31)
KARACHI (May 16): The Oil and Gas Regulatory Authority (OGRA) has endorsed Pakistan State Oil’s (PSO) claim for an exchange rate adjustment of Rs1.43 per litre on high-speed diesel (HSD) and 32 paisa per litre on petrol. This adjustment will be applied in the price review of petroleum products for May 16-31. During the first…