Pakistan to facilitate S. Arabia’s investment
ISLAMABAD: The government is likely to draft new policy framework to facilitate investment from Saudi Arabia’s energy giant M/s Aramco, which has now shown interest in establishment of crude to chemical/ plastic complex. The…
Rs 3.01 exchange rate adj on HSD
ISLAMABAD – Pakistan State Oil (PSO) has allowed to pass on an exchange rate adjustment on high speed diesel (HSD) at Rs 3.01 per litre and 10 paisa on petrol to general public for current fortnight (February 1-29). Date available with Business Recorder…
OGRA excludes from revised refinery committee
ISLAMABAD: The Cabinet Committee on Energy (CCoE) has excluded Chairman Oil and Gas Regulatory Authority (OGRA) from the Committee which will address anomalies in implementation of revised Refinery Policy.During discussion in CCoE on “Pakistan oil…
HSD/petrol price go up
ISLAMABAD: Interim government may increase the price of high speed diesel (HSD) by Rs 8 per litre with keeping the price of petrol unchanged fortnight starting from February 16, 2024. The government may sustain the price of kerosene oil (kero) and…
New MD NESPAK gets huge salary
ISLAMABAD : The Board of NESPAK (National Engineering Services Pakistan ) has fixed Rs 1 million salary of newly appointed Managing Director, in addition to six annual bonuses of six million and other perks and privileges. According to information, the…
COMMENCEMENT OF TRADING IN THE UNPAID RIGHTS OF GATRON(INDUSTRIES) LIMITED
All market participants are hereby informed that Pakistan Stock Exchange Limited has approved the schedule for the issue of Right Shares of Gatron (Industries) Limited (“Company”) vide our notice no. PSX/N – 128 dated February 09th 2024. In this respect,…
UAE to built Freight Corridor at KPT
ISLAMABAD : The Federal Government has constituted seven member Committee to negotiate the terms and conditions of the commercial agreement with UAE based on the price discovery mechanism for construction of Dedicated Freight Corridor at KPT. According…
OGRA asked govt to again increase average 23 pc raise in gas tariff
Islamabad- Oil and Gas Regulatory Authority (OGRA) has increased the gas prices from January 1, which has been increased by 8.57% for Sui Southern and 35.13% for Sui Northern, through which the deficit of 98 billion Rs will be met.Ogra has allowed gas…
PL collection in first half current FY
ISLAMABAD – The federal government has collected Rs472.77 billion petroleum levy (PL) during the first six months of fiscal year 2023-24, which is 54 per cent of the total budgetary estimates of PL on petroleum products for the current fiscal…
Salt industry ask the government for Refunds
ISLAMABAD: The salt exporters warned the federal board of revenue (FBR) that delay in sales tax refunds would result in total closure of the industry.Salt Manufacturers Association of Pakistan (SMAP) raised serious concerns over the exclusion of the salt…
