Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the maximum price of Liquified Petroleum Gas (LPG) effective from September 1st, 2023 as under:Notified LPG Producer prices Rs. / Ton Rs / 11.8 kg CylinderSeptember -2023 ( w.e.f 01-09-2023) 198,826.33 2,346.15August -2023 159,855.79 1,886.30Increase / (Decrease) 38,970.54 459.85 Notified…
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Karachi . Irfan Iqbal Sheikh, President FPCCI, has unequivocally stated that the government has no clue that what will be the socioeconomic repercussions of the third massive hike in petroleum prices as FPCCI can see the inflationary pressures to mount beyond the control of any sector or industry to absorb. Industrial shut downs; decline in exports; dwindling domestic demand; social…
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• Says judges, armed forces do not enjoy free electricity• Kakar promises relief in future bills• Says ECP enjoys authority to announce poll date, caretakers can only assist it• IMF urged to help Pakistan uphold right to electricity ISLAMABAD: As the nation grapples with bloated power bills and backbreaking inflation, interim Prime Minister Anwaarul Haq Kakar told people to pay…
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KOHAT: The authorities have asked the gas consumers of Darmalak area in Lachi tehsil to pay a fixed bill of Rs1,000 per month instead of using the fuel through illegal connections. The offer was made at meeting held here on Thursday between the district administration and representatives of Darmalak consumers. The consumers complained about low gas pressure. They were told…
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ISLAMABAD: Briefing caretaker Prime Minister Anwaar-ul-Haq Kakar on Russian crude’s impact on POL prices, the Petroleum Division said that the maximum benefit of Russian crude is quite nominal of Re1 per liter petrol and diesel. It added that importing Russian crude involved two risks, including 30-36 days of transportation and 60 percent production of furnace oil that has to be…
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KARACHI: Dr. Gohar Ejaz, Minister of Commerce, Production & Industry, stated that it is imperative that Pakistani exporters, especially textile related, must comply with all ILO International Labor Standards including Occupational Safety and Health Standards(OSH), in order to manifest their progressive march towards achieving the objectives of huge increase in exports. He was talking to a delegation of Employers Federation…
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KARACHI: Pakistan needs to adopt sustained and consistent energy policies to provide cheap and reliable electricity to its people, a panel of experts and stakeholders said. The panel discussion, organized by the Policy Research Institute for Equitable Development (PRIED), focused on the challenges and opportunities of using solar power in high-loss feeder areas, where load shedding and electricity theft are…
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• Elected govt can review accords with IPPs, caretakers unable to withdraw free power quotas: finance minister• SBP deputy chief says market-based exchange rate followed, refuses to intervene• Senators express concerns over inflation, high policy rate, inflated bills; demand remedies ISLAMABAD: In a reality check following almost week-long consultations, caretaker Finance Minister Dr Shamshad Akhtar on Wednesday told senators and…
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ISLAMABAD: Amid public criticism over efficiency and regulatory standards in the power sector resulting in unbearable electricity costs, the Central Power Purchasing Agency (CPPA) on Wednesday slightly lowered its demand for additional fuel cost adjustment (FCA) to Rs1.58 per unit — instead of Rs2.07 —for electricity consumed in July. At a public hearing organised by the National Electric Power Regulatory…
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KARACHI: China Machinery Engineering Corporation (CMEC), the operator of a Chinese coal mine in Thar block-II, has issued a warning that it will cease coal extraction activities unless its outstanding receivable of $50 million is settled by September 10, 2023. CMEC conveyed its concerns to Sindh Engro Coal Mining Company (SECMC) in a letter, revealing that it has not received…
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