Month: January 2023

Private Power & Infrastructure Board (PPIB) has sought viewpoints of CPPA-G and NTDC on estimated Liquidated Damages (LDs) in case of termination of Letter of Support (LoS) of M/s Siddiqsons Energy Limited (SEL). In a letter to Chief Executive Officer (CEO) and Managing Director NTDC, Managing Director PPIB, Shah Jahan Mirza has said that Siddiqsons Energy Limited, after obtaining seven…

While it is unlikely that Pakistan would default on its debt, not due to the economic health and cost but rather the anticipated social and strategic backlash that the stakeholders are concerned with. However, in case of default, following is an anticipated scenario. First day: It would be total standstill in the country except the national media running continuous news…

The national exchequer has to bear a whopping Rs 170 billion financial loss on account of low collection of revenues due to poor governance/ management by some of the distribution companies (Discos) for the financial year 2021-22 (FY21-22). Around Rs. 2.517 trillion were collected against the billed amount of Rs. 2.686 trillion in the year under review, depicting a total…

A judicial commission should be formed to inquire into corrupt practices and people behind black marketing of LPG as it has touched a historic high of Rs300/kg across the country. Although the fixed price of LPG by Ogra is Rs204 per kg, but on the contrary, the government-owned SSGC has increased the price of LPG per kg to Rs300 with…

A petition was filed on Monday in the Lahore High Court (LHC) challenging the recent petroleum. The petitioner argued the petroleum prices have decreased in the international market but it was different in Pakistan. The petition further added it was an act of exploitation and the federal government has increased suffering of the people instead of providing relief. Finance Minister…

Petrol and high speed diesel price up by rs 35/litre, Kerosene oil is now available at rs 189.83/litre and light diesel oil rs 187/litre n finance minister ishaq dar explains petrol prices in international market have increased by 11 per cent, recalls on Pm’s instructions petrol prices remained unchanged during the last four months n terms fiscal discipline vital for…

Commerce Ministry has been empowered to impose country or commodity specific conditions or restrictions for imports/ exports of goods under the B2B Barter Trade Mechanism, official sources told Business Recorder. Sharing the details, sources said that pursuant to the decision of the ECC/ Cabinet, Commerce Ministry issued SRO 484(1) 2022 and SRO 485(1)/2022 on April 1, 2022 whereby provisions with respect…