Govt decrease Petrol prices by Rs.8.47 per liter
The government decreased the price of Motor Spirit (MS) Petrol by Rs.8.47 per liter and high speed diesel (HSD) by Rs.6.70 per liter.
Adil Aziz
It can cost more to power a house than rent it in Pakistan: Bloomberg
The average per-unit electricity price for residential users rose 18 per cent in July, when the country secured a new US$7 billion loan from the IMF. Many residents have since seen electricity bills – typically a fraction of household expenses – surpass rents that range from US$100 to US$700 a month, said Samiullah Tariq, head of research at Pakistan Kuwait Investment.
Editor
Pakistan, Turkmenistan agree to expedite TAPI pipeline project
Pakistan and Turkmenistan have agreed to expedite the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, affirming their resolve for continuous engagement.
Govt. to increases petrol prices by Rs.9.99 per liter
The government on Monday (June 15) increased the prices of petrol by Rs.9.99 per liter, from Rs.265.61 to Rs.275.60.
Saudi group to invest in retail Oil Sector in Pakistan
Saudi Group Asyad Holding through UAE-based Wafi Energy Holding Limited has acquired 77.42% shareholdings and control of Shell Pakistan Limited.
Government announce tax relief on import of solar
The government proposed tax relaxation on import of raw materials for solar panel and aquaculture industry in the country.
Mehfooz
SNGPL, SSGCL expand gas transmission network: Survey
Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) laid 156 km of gas transmission network, 3,614 km of mains, and 76 km of service lines, connecting 56 villages and towns to the gas network during July-March Financial Year 2023-24.
LONGi Green Energy to setup solar manufacturing plant in Pakistan
Minister for Power Division Sardar Awais Ahmed Khan Leghari invited the LONGi Green Energy Technology Co. Ltd. to set up solar PV manufacturing plant in Pakistan.
FPCCI’s demand to bring retail tax on final stage, cut in mark-up and power tariff
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demanded of the government to reduce the interest rate to 12 percent. The electricity price should be reduced to 9 cents for all industries. Contracts with Independent Power Producers (IPPs) should be revisited. Cross subsidies of Rs 240 billion should be eliminated and tax on the retail sector should be taken at the final stage.
KCCI, SAI urge KE to fully restore electricity to Site industries
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh and President Site Association of Industry (SAI) Mohammad Kamran Arbi, while expressing deep concerns over delays in restoration of electricity supply to industries in Site, stated that 07 days have passed so far since a fire incident occurred at Haroonabad Grid Station but K-Electric (KE) has failed to fully restore electricity supply to industries in site area, which has resulted in causing grave losses to industrialists.