Category: Recent Post

The Economic Coordination Committee (ECC) that met here on Wednesday under Finance Minister Shaukat Tarin did not approve the Pakistan Refinery Policy 2021, as Asad Umar, Federal Minister for Planning and Special Initiatives, opposed it arguing that the Cabinet Committee on Energy (CCOE) was the right forum to take up refining policy. Expressing his annoyance over not being given the policy draft by the Petroleum Division, Asad asked how can he give his input for the policy without going through the document first, a senior official who attended the meeting…

Read More

Delay in floating tenders for import of the LNG spot cargoes and awarded contracts at higher rates by Pakistan LNG Ltd (PLL) resulted in losses of Rs10.6 billion in the financial year 2020-21. High prices of the LNG and gas shortages recently witnessed by the country is a result of poor planning for procurement of spot LNG cargoes by the PLL. This has been revealed in the audit report of the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) for the audit year 2020-21. During the audit of…

Read More

Oil and gas exploration companies in Ahdi and its nearby areas in Gujar Khan are polluting water reservoirs by draining untreated chemicals into Narali Dam. This is putting the health of residents of the area at risk, former prime minister MNA Raja Pervez Ashraf said while talking to Dawn on Tuesday. Mr Raja said Pakistan Petroleum Limited (PPL) in Ahdi village released untreated waste chemicals into the Narali Dam situated in Nirali village. “This is destroying the health of both residents and aquatic life and the government should take notice…

Read More

The Auditor General of Pakistan (AGP) is said to have raised serious objections over what it said that no clause regarding international sanctions on Iran was incorporated in the Gas Sale Purchase Agreement (GSPA) under Iran-Pakistan Gas Pipeline Project (IPGP), which resulted in a risk of penalty at $3 million per day from January 2015 onwards. This has been revealed in the performance audit report on the accounts of Inter State Gas Systems Limited (ISGSL) for the financial years 2015-20. The audit report pointed out that the ISGSL and the…

Read More

On the one hand, he said UN Secretary General António Guterres issued a red alert on the Inter-governmental Panel on Climate Change’s report indicating a sharp rise in temperature in next ten years, while on the other, PM Imran Khan was personally leading tree plantation drive in the country to help control soaring temperatures. Farrukh said the prime minister inaugurated the world’s biggest Miyawaki urban forest at Lahore the other day, while Mangroves drive in Balochistan, Lasbela and drone tree plantation drive at Lal Sohnara were to be launched on…

Read More