Islamabad, September 27, 2023: The Federal Minister of Finance, Revenue and Economic Affairs Division Dr. Shamshad Akhtar held a meeting with the Provincial Finance Ministers at the Finance Division, on Wednesday. The meeting was held in a hybrid format, where the respective Provincial Ministers joined through the video link. The meeting was attended by the…
Islamabad, July 15, 2020: Pakistan’s Oil and Gas Regulatory Authority (OGRA) has determined prescribed prices for FY21 at PKR 623.31/mmbtu and PKR 750.90/mmbtu for Sui Northern Gas Pipelines Limited (SNGP) and Sui Southern Gas Company Limited (SSGC), respectively. This translates to a reduction of 6 percent and 2 percent against last year, while SNGP and…
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Karachi, January 23, 2020: The Government’s decision to withdraw GIDC on fertilizer sector will result in a lot of ambiguity pertaining to future urea prices since the GIDC is not payable on the complete gas mix of all the fertilizer manufacturers. Fatima Fertilizers has GIDC payable on none of its Feed gas whereas Engro Fertilizers’…
Karachi, August 19, 2019: Imported coal prices in Pakistan track the South African Richard’s Bay Index which has displayed weakness recently. Prices have come down under USD 60/ton, (at USD 59.55/ton at present), by 45percent from a one year high of USD 109.05/ton (Jul’18). According to a research report, pertinently, waning demand from the largest export…