July 4, 2024 -

Petroleum products will be available nationwide, says govt after dealers strike call

July 4, 2024July 4, 2024 Admin

Petroleum products would remain available across the country, the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) said on Thursday amid the petroleum dealers’ decision to shut down petrol pumps from Friday (tomorrow) morning. In a joint statement, the two government organisations directed oil marketing companies to ensure the supply of petroleum products. The Petroleum Division also instructed oil marketing…

All DISCOs to be privatized in one & half year period: Minister Power

July 4, 2024July 4, 2024 Admin

ISLAMABAD, Jul 4 (APP):Federal Minister for Power Awais Ahmed Khan Laghari on Thursday said that all DISCOs companies would be privatized in one and half year period. There had been flaws in the “distribution companies” and we are determined to rectify the system to provide relief to consumers, he said while talking to a private television channel. Economic growth had…

Mari Mining Secures Exploration Licenses in Chagai District

July 4, 2024July 4, 2024 Admin

KARACHI: The Directorate General of Mines and Minerals Balochistan has granted Mari Mining Company (Pvt) Limited (MMC) two exploration licenses for mineral exploration in Chagai District, Balochistan. In a notice sent to the Pakistan Stock Exchange (PSX) on Wednesday, MMC, a wholly owned subsidiary of Mari Petroleum Company Limited (MPCL), announced that it has been awarded exploration licenses EL-322 and…

Sindh Inks Landmark Deal for 40 MW Power Supply to National Steel Complex

July 4, 2024July 4, 2024 Admin

Karachi, July 3: Provincial Energy Minister Syed Nasir Hussain Shah announced that K-Electric, through the Sindh Transmission and Dispatch Company (STDC), will supply 40 MW of electricity to the National Steel Complex (NSCL) via a 132 kV transmission line. This announcement was made during a memorandum of understanding (MoU) signing ceremony held at the Sindh Energy Department office. Minister for…

Millions Hit by Record 51% Electricity Tariff Hike

July 4, 2024July 4, 2024 Admin

ISLAMABAD: The government on Wednesday approved a staggering 51% increase in electricity tariffs, forcing millions of poor households to bear an additional cost of Rs580 billion in this fiscal year. The hike, effective from July, is the highest in terms of percentage for lower-income groups. A total of 32.5 million consumers, primarily households, will face this unprecedented increase due to…

Pakistan Meets All IMF Bailout Requirements, Finance Official Confirms

July 4, 2024July 4, 2024 Admin

ISLAMABAD: Pakistan is on track to secure a staff-level agreement (SLA) for an International Monetary Fund (IMF) bailout exceeding $6 billion this month, having fulfilled all the lender’s requirements in its annual budget, the state minister for finance announced to Reuters. The country has introduced stringent revenue targets in its budget to gain IMF approval for the loan, crucial for…

Petrol Dealers to Proceed with Nationwide Strike Tomorrow Talks with Government Deadlocked; Over 13,000 Petrol Stations to Shut Down

July 4, 2024July 4, 2024 Admin

Monitoring Cell Established to Manage Fuel Supply During Strike ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) announced on Wednesday that negotiations with provincial and federal governments and other stakeholders had reached an impasse, prompting a nationwide shutdown of petrol stations starting July 5. PPDA Chairman Abdul Sami Khan stated, “They asked us to call off the strike and promised to…