Day: December 27, 2022

The government on Monday decided to use all the administrative and legal resources to recover Rs447 billion Gas Infrastructure Development Cess (GIDC) from commercial and industrial entities which had blocked due payments through high courts despite standing orders of the Supreme Court of Pakistan for recoveries. The decision was taken at a GIDC meeting presided over by Finance Minister Ishaq…

Attock Refinery Limited (ATRL), a subsidiary of the Attock Oil Company Limited, said on Monday that it has commenced operations at its main distillation unit, which was shut down on a temporary basis amid low demand for Furnace Fuel Oil (FFO). In its notice to the Pakistan Stock Exchange (PSX), ATRL said: “We wish to inform you that refinery’s main distillation unit…

Special Task Force of Sui Northern Gas Pipelines Limited (SNGPL), during its ongoing operation to stop the illegal use of compressors in the islamabad region, has removed more than 27 gas metres, detected 18 theft cases and lodged six First information reports (Firs) over direct tapping and causing loss to the national exchequer. Sharing some details, spokesperson for the SNGPL…

Pakistan may surprise in next revision of petroleum prices scheduled on December 31, 2022 amid political uncertainty and mounting inflationary pressure. Experts believed that the government may resort to another sharp cut in prices of petroleum products as part of popular decision and cool down the high prices. Although the prices of benchmark Brent crude oil recorded an increase international…

The Sui Southern Gas Company (SSGC) has yet to share the action plan with the Auditor General of Pakistan (AGP) on the reduction in the unaccounted for gas (UfG) targets in Interior Sindh and Balochistan. The UfG losses at the overall company level remained at around 17 percent, which was beyond allowable UfG benchmark of 7.6 percent by the Ogra…

The National Electric Power Regulatory Authority (NEPRA) will conduct a public hearing on Tuesday (today) over a petition submitted by K-Electric on account of fuel charges adjustments (FCA) for November 2022, a statement said on Monday. For November, K-Electric has filed a petition for a reduction in FCA at the rate of Rs7.04/kwh (per unit). November’s FCA was lower primarily…

The National Transmission and Despatch Company (NTDC) that runs the country’s national grid has sought approval for a Rs370 billion investment plan for system expansion and loss reduction over the next three years (2023-25). In a petition to the National Electric Power Regulatory Authority (Nepra), the transmission system operator stated that the proposed investment was required to meet the needs…