Flames from a gas stove. — Reuters/File Implementation involves a cap of 100 million cubic feet of gas to be sold to the private sector. Circular debt must be reduced through timely advance payments to E&P companies. The notified decision of the government has virtually liberalized the upstream oil and gas sector. ISLAMABAD: The monopoly … Read more
Brokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, October 17, 2024. — PPI The market opened the week in the red and fell 1.13% at the end of the session. The KSE-100 index fell 1,331.86 points, closing at 116,255.12. The intraday high of 118,735.09 reversed to hit the low … Read more
An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more
A flare stack burns excess natural gas in an exploration field. — Reuters/File Pakistan Oilfields Limited (POL) has raised objections to a proposed gas sales agreement without a tender process between a Hungarian gas company and a private company at the Razgir field in Kohat which owns 65% of the state-owned entities ( state enterprises). … Read more
Listen to the article Khyber-Pakhtunkhwa (KP) local government workers staged a protest in front of the KP Assembly building, demanding release of municipal funds which have not been provided by the provincial government. But the protest became tense when police used baton blows and tear gas to disperse protesters, according to Express News. The protesting … Read more
A representative image of the flames of a lit gas stove. — AFP/File A 50% cutoff replaces a complete disconnection during the peak winter months. GSA Clause 1 invoked for supply on “as available” basis. Industries are encouraged to maintain double shot agreements. KARACHI: The Sui Southern Gas Company (SSGC) has announced a 50% reduction … Read more
A representative image showing the lit burner of a gas stove. — Reuters/File Ogra approves 8.71% increase for Sui Northern users. Approves a 25.78% increase for Sui Southern consumers. The hike will be finalized after advice from the government, says Ogra. ISLAMABAD: As citizens continue to suffer from high bills during the winter season, the … Read more
Representative image showing two employees working on a gas pipeline. — AFP/File SNGPL began reducing its gas outputs from November 13. The country’s main gas pipeline is now used for storage. The data shows that the pipe pack pressure is still not reduced. ISLAMABAD: Amid fiscal challenges facing the country’s energy sector, it has been … Read more