BUSINESS

  • CPPs gas tariff raised to Rs 3500 per mmbtu

    Islamabad (Jan 25) The Economic Coordination Committee was chaired by Federal Minister for Finance Senator Muhammad Aurangzeb with Federal Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmed Khan Leghari, Minister of State for Finance and Revenue Mr. Ali Parvez Malik, Chairman OGRA, Chairman SECP, Federal Secretaries, and senior officers from…

  • MOL accused of gas sale to a single bidder

    ISLAMABAD (Jan 20): The Prime Minister Office and the Khyber Pakhtunkhwa government asked clarity from the Petroleum Division over the proposed sale of natural gas from a field in Kohat without bidding to CNG company. The newly developed Razgir field had finalised the sale of gas to a third party through negotiations instead of open…

  • SNGPL: All gas fields are at optimum levels.

    ISLAMABAD (Dec 26)The recent claims regarding the closure of indigenous gas fields in favor of imported RLNG require clarification. The gas was closed in some part of December when Power was not off taking RLNG per its demand. All the gas producing fields are OPEN and producing gas per optimum production. Power has started picking…

  • SSGC profit surges July-Sept 2023-24

    ISLAMABAD – The Sui Southern Gas Company (SSGC) announced a massive consolidated profit of Rs4.5 billion during the quarter ended September 30, 2023. The profit is a complete turnaround from a loss of Rs5.6 billion incurred by SSGC in the same period of the preceding year, according to a announcement of the Pakistan Stock Exchange…

  • OGDCL’s new Discovery

    ISLAMABAD (Dec 16) – Oil and Gas Development Company Limited (OGDCL) has successfully revived a heavy oil well in the Rajian Oil Field, Chakwal, increasing production from 1,500 to 2,500 barrels per day (BPD). This achievement is part of OGDCL’s strategic efforts to boost energy production. Using innovative technologies like Electrical Submersible Pumps (ESP), the…

  • Govt adjusted Rs 2.92 IFEM to maintain POl prices Dec 16, 2024

    ISLAMABAD (Dec 16) – Federal government made recommended Rs 2.92 per litre raise in petrol price in inland freight equalisation margin (IFEM) to mitigate the impact on general masses in petroleum products review commencing from December 16. On Sunday government decided to keep the price of petrol unchanged and reduced prices of high speed diesel…