FBR expresses reservations at PD’s policy guideline ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly expressed reservations at Petroleum Division’s policy... Updated 07 Jun, 2023 08:55am
Pakistan Stipulation in agreement cannot override plain meaning of a provision of law, says law ministry ISLAMABAD: Ministry of Law and Justice has held that stipulation in an agreement cannot override the plain meaning ... Published 05 Jun, 2023 03:27am
Business & Finance Govt approves Rs4bn SG for Punjab’s export-oriented sectors ISLAMABAD: Federal government on Wednesday approved a supplementary grant of Rs4 billion for a further gas subsidy ... Published 01 Jun, 2023 03:34am
Print Cabinet may ratify deal between UPL, govt entities ISLAMABAD: The long-awaited deal between Uch Power (Pvt) Limited (UPL) and entities of Power Division and Petroleum... Updated 29 May, 2023 09:02am
Markets Refineries forced to export products as power plants not lifting FO ISLAMABAD: Power plants are reportedly not lifting furnace oil as per firm demand due to which refineries are... Published 24 May, 2023 05:57am
Print Petroleum sector: Govt plans to curtail circular debt to Rs600bn ISLAMABAD: The Petroleum Division has devised a strategy for curtailing Rs1.7 trillion petroleum sector circular... Updated 21 May, 2023 02:55pm
Print Comments sought for settling PSO’s dues in non-cash way ISLAMABAD: Petroleum Division has urged Power Division to furnish comments on Pakistan State Oil’s (PSO’s) proposed... Updated 10 May, 2023 08:57am
Print PD prepares concept note to develop roadmap for green hydrogen ISLAMABAD: Petroleum Division (PD) has prepared a concept note to develop a wide roadmap for green hydrogen in the... Updated 09 May, 2023 09:14am
Print PM directs PD, KP to assess potential of hydrocarbon seepages ISLAMABAD: Prime Minister Shehbaz Sharif has directed Ministry of Energy (Petroleum Division) and Khyber Pakhtunkhwa... Updated 05 May, 2023 09:05am
Markets Incentive to refineries: Petroleum Div for Rs3/litre hike in prices of petrol, diesel ISLAMABAD: Petroleum Division has reportedly proposed increase of rates of Motor Spirit (MS) and High Speed Diesel... Published 03 May, 2023 06:35am
Print Terms for test Russian oil cargo under discussion ISLAMABAD: The terms of the draft commercial contract for the test oil cargo from Russia are under discussion... Updated 03 May, 2023 08:50am
Business & Finance Dar asks PD, gas cos, PSO to improve their liquidity position ISLAMABAD: Finance Minister Ishaq Dar Saturday asked the relevant authorities in the Petroleum Division, gas... Updated 30 Apr, 2023 09:26am
Print 3 more LNG spot cargoes: Power Div silent on purchase proposal ISLAMABAD: Power Division is reportedly silent on Petroleum Division’s proposal to purchase three additional... Updated 25 Apr, 2023 09:06am
Print Used bowsers: PPRA quizzes SLL on purchase plan ISLAMABAD: The Board of Public Procurement Regulatory Authority (PPRA) has quizzed Sui Southern Gas Company LPG Pvt... Updated 23 Apr, 2023 10:05am
Business & Finance NA body told how country can avail oil facility from Russia ISLAMABAD: Pakistan is bound to avail discounted oil facility only under the sanctioned cap of $60 per barrel from... Published 14 Apr, 2023 05:59am
Print Govt terms previous deal with IMF ‘poisonous’ ISLAMABAD: Minister for Power Khurram Dastgir Khan said Tuesday that Prime Minister Shehbaz Sharif-led government... Updated 12 Apr, 2023 08:45am
Print Setting up of big refinery in Balochistan: proposals sought CSG and a Chinese consortium are coordinating to setup a 10 million MTPA refinery project in Pakistan Updated 12 Apr, 2023 12:54pm
Print Spot LPG cargoes: Govt decides to exempt SLL from PPRA rules Exemption to be granted from April 2023 to March 2024 Updated 08 Apr, 2023 09:16pm
Print NA told: Oil being imported on deferred payment only from KSA ISLAMABAD: The National Assembly was informed on Friday that crude oil is being imported on a deferred payment basis... Updated 08 Apr, 2023 01:48pm
Print With effect from Jan 1 2023: Category-wise consumer gas prices revised by govt ISLAMABAD: The federal government revised the category-wise consumer gas prices with effect from January 1, this... Updated 05 Apr, 2023 08:57am
Print SNGPL told to supply gas to 2 urea plants for interim period sans subsidy ISLAMABAD: The Directorate General of Gas (Petroleum Division) has directed Sui Northern Gas Pipeline Limited ... Updated 01 Apr, 2023 08:45am
Print Reko Diq dispute: ECC approves Rs6.2bn mark-up payment ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a mark up payment of Rs6.238 ... Updated 28 Mar, 2023 08:49am
Print Ogra discusses exchange rate adjustment mechanism with OMCs ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) convened a meeting with the oil marketing companies (OMCs) on... Published 25 Mar, 2023 06:25am
Print Financing fuel subsidy: Rich to pay Rs100 more per litre: govt ISLAMABAD: The government will finance the fuel subsidy (discounted fuel) by charging Rs100 per litre more from the... Updated 23 Mar, 2023 09:31am
Print 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