By NewzTodays Editorial Team | July 30, 2022

200 retailers in this high-end Karachi mall enjoy full relief from taxes and tariff hikes as they are supplied power produced using precious low-priced natural gas. Rs800 billion FCA burden on the public can be halved in half if power plants ran on singular-priced gas. The Economic Coordination Committee of the Government of Pakistan has…

By NewzTodays Editorial Team | July 29, 2022

The shareholders of Sui Northern Gas Pipeline Limited (SNGPL) have approved a 70% cash dividend for the financial year 2020-21. The 57th Annual General Meeting of shareholders of Sui Northern Gas Pipelines Limited (SNGPL) was held on Friday, July 29, 2022, at the Pearl Continental Hotel, Lahore. The shareholders of the Company Approved the Annual…

By NewzTodays Editorial Team | July 26, 2022

Dr. M. Ilyas Fazil The Country’s Financial Challenges are well known and the subject of daily Media discussions: the pressures from IMF, the volatile prices of energy in the international marketplace, and the depleting indigenous natural resources, all impact the prices of commodities that are consumed by the common man who is hard put to…

By NewzTodays Editorial Team | July 25, 2022

The cabinet has decided to introduce the government to the government (G2G) Commercial Transactions Ordinance to sell 10 per cent of state-owned companies to friendly countries. The companies included OGDCL, PPL, Mari Gas, PSO, SSGC, SNGPL, PTCL and PIA. Sources said that no one would be able to challenge the sale of 10 per cent…

By NewzTodays Editorial Team | July 22, 2022

Pakistan and Iran are in talks to pay for LPG import in the Pakistan rupee amid US sanctions against Iran. Due to US sanctions against Tehran, Pakistan has not been able to pay for LPG imports from Iran. Pakistan has also been importing oil from Iran since 2010. However, Pakistan halted the oil trade in…

By NewzTodays Editorial Team | July 22, 2022

The Oil and Gas Regulatory Authority (OGRA) on Friday slashed the prices of imported re-gasified Liquefied Natural Gas (LNG) by up to 20.57 percent for the consumers of Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipeline Limited (SNGPL).  The notification issued by the Oil and Gas Regulatory Authority (OGRA) said that for…

By NewzTodays Editorial Team | July 22, 2022

Our Correspondent The Law Division has turned down an undertaking submitted by Hubco to mature ENI sale deal for transferring assets to the newly born entity PIOGCL due to poor financial health. The Law Division has advised Petroleum Division to seek original undertaking for future operations of ENI in Pakistan by the new owners. It…

By NewzTodays Editorial Team | July 22, 2022

Pakistan recorded its highest power generation of 143,192 GWh (16,346 MW) during FY22, up 10% YoY, primarily led by an overall pickup in economic activity and increased demand amid rising heat levels.  Hydel contributed the most to power generation (25% in FY22 vs. 30% in FY21), followed by RLNG (19% in FY22 vs. 21% in…

By NewzTodays Editorial Team | July 21, 2022

News Report PVC-Ethylene margins have dropped to US$423 per ton, at a two-year low level, which was last seen on July 10, 2020. PVC price declined to US$930/ton on July 21, 2022, due to weaker demand from end users and surplus material supplies across Asia. Since June 1, 2022, PVC prices for the Southeast Asia…

By NewzTodays Editorial Team | July 20, 2022

Pakistan’s Ambassador to Italy, Jauhar Saleem, stated that Pakistan’s exports to Italy and remittances to Pakistan surpassed 2 billion dollars in 2021-22, marking the highest annual growth in the country’s history. The ambassador stated that Italy had become the seventh largest export market for Pakistan in the world, with record growth in export volume of $1,146…