By NewzTodays Editorial Team | May 23, 2023

The LPG Industries Association of Pakistan has appealed to Prime Minister Shahbaz Sharif to grant third-party access for the commercial use of SSGC LPG (Pvt) Limited at Port Qasim to parties interested in building LPG storage facilities in Pakistan. In a letter addressed to the Prime Minister, Irfan Khokhar, Chairman of the LPG Industries Association…

By NewzTodays Editorial Team | May 18, 2023

The National Electric Power Regulatory Authority (Nepra) has held the National Transmission Dispatch Company (NTDC) responsible for the partial blackout in the country on October 13, 2022. In its inquiry report, it stated that the receiving of a false DTT signal at the 500kV Gatti G/Station from the Ghazi Barotha end initiated the tripping of…

By NewzTodays Editorial Team | May 10, 2023

Hamburg, 10 May 2023: A survey with 1200 supply chain professionals aimed to understand the biggest challenges they foresee for their business in the second half of the year showed that recession in the US remains the top concern, followed by geopolitical risks and rising operating costs. The survey was conducted by Container xChange, an online container…

By NewzTodays Editorial Team | May 6, 2023

The Oil and Gas Regulatory Authority (Ogra) has set a transportation tariff for LNG shippers, opening the market for the private sector. Gas utilities currently have a monopoly over the LNG market in Pakistan. Ogra has determined the transportation tariff of SNGPL for FY 2019-20 & FY 2020-21 under OGRA Gas Third Party Rules, 2018….

By NewzTodays Editorial Team | May 4, 2023

Shell Pakistan Limited (SPL) has turned into loss making oil marketing company (OMC) that has recorded a loss of Rs 4.762 billion during first quarter results. It had posted a profit of Rs 2.079 billion during the same period last year.Shell oil company Posts a profit of Rs 2.1 billion The first quarter’s financial results…

By NewzTodays Editorial Team | April 30, 2023

The government has reduced the diesel price by Rs 5 per liter effective from May 1, 2023 due to fluctuation in global oil prices. Therefore, today diesel price is Rs 288 per liter. High speed diesel is widely used in transport and agriculture sectors. The Kharif crop season is going and therefore decrease in price…

By NewzTodays Editorial Team | April 20, 2023

Consumers of K-Electric (KE) are likely to face an increase of PKR 4.49 per unit in electricity rates due to fuel adjustments for the month of March 2023. K-Electric has submitted a petition to the National Electric Power Regulatory Authority (NEPRA) to increase electricity rates in response to higher energy prices used for electricity generation…

By NewzTodays Editorial Team | April 18, 2023

Uzbek Ambassador to Pakistan, Aybek Arif Usmanov, called on Federal Minister for Commerce Syed Naveed Qamar on Tuesday and expressed keen interest in investing in e-commerce, trade and industry in Pakistan. During the meeting, Syed Naveed Qamar acknowledged the enormous potential for trade between the two countries and stated the need to identify new sectors…

By NewzTodays Editorial Team | April 18, 2023

Pak Suzuki’s Quarterly Loss has Jumped to highest ever quarterly loss of Rs12.9 billion (LPS of Rs157) in comparison to a loss of Rs460mn (LPS of Rs5.6) in 1Q2022 and a loss of Rs3.8bn (LPS of Rs47) in 4Q2022. As a result, PSMC’s equity decreased to around Rs7bn in 1Q2023 from Rs20bn in 4Q2022. The…

By NewzTodays Editorial Team | April 16, 2023

The recent hike in petrol price in April has caused an uproar among consumers. The government increased the price of petrol by Rs 10 per liter, which is being considered an ‘Eid gift’ by the government, just before the festive season. The government says that petrol price was up due to hike in global oil…