By NewzTodays Editorial Team | July 19, 2022

The closure of the Neelum Jhelum power plant puts an additional daily burden of Rs 350 million on power consumers as a result of the increased reliance on expensive fuel-based power plants. During a meeting with the CEO of the 969 MW Neelum-Jhelum Hydropower Project, the National Electric Power Regulatory Authority (Nepra) made this statement. The power…

By NewzTodays Editorial Team | July 18, 2022

Ibn-e-Ameer Economic Coordination Committee (ECC) is set to allocate 68 mmcfd gas from Mari field to FatimaFert Plant to boost urea production. Meanwhile, Fatimafert will switch from LNG to indigenous gas which will result in a saving of around Rs 3 billion per month subsidy. MPCL has consented to allocate up to 68 MMCFD gas…

By NewzTodays Editorial Team | July 14, 2022

Prime Minister Shahbaz Sharif announced on Thursday a reduction of Rs 40.54 per litre for diesel fuel. Due to its use in the transport and agricultural sectors, diesel is a key contributor to the impact on the lives of the masses. Premier also announced a reduction of Rs 18.50 per litre in the price of…

By NewzTodays Editorial Team | July 6, 2022

SNGPL financial results have been remarkable as the management of the company has made efforts

By NewzTodays Editorial Team | June 30, 2022

The government has increased the price of petrol by Rs 14.85 per litre by imposing a petroleum levy (PL) on petroleum products. The new prices will come into effect on July 1, 2022. The government was charging a zero petroleum levy and a general sales tax on petroleum products earlier to adjust for the impact…

By NewzTodays Editorial Team | June 29, 2022

Research Report On one hand, it is clear that the major local industry in the country, the refining sector, needs a boost from the government. The refineries are operating at low capacity due to low crude oil imports whereas imports of refineries products are rising. They are putting pressure on the foreign exchange reserves. It…

By NewzTodays Editorial Team | June 28, 2022

Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured the Compressed Natural Gas (CNG) industry of his maximum support for resolving the problems being faced by the CNG sector of the country. A meeting with a delegation from the All Pakistan CNG Association (APCNGA) led by Group Leader Ghiyas Abdullah Paracha took place…

By NewzTodays Editorial Team | June 28, 2022

The profits of Pakistan State Oil (PSO) are likely to go up further following inventory gains and a possible reduction in turnover tax. Inventory gains have contributed up to 45 % to the profitability of state-run oil marketing company-Pakistan State Oil (PSO) in first nine months of the financial year 2021-22. Experts have seen more…

By NewzTodays Editorial Team | June 27, 2022

The government is likely to increase the prices of diesel in Pakistan by up to Rs 17 per litre following a price hike globally effective from July 1. Consumers may face a hike in the price of petrol by Rs 3.29 per litre. Motorbikes and cars use petrol which price is already high after three…

By NewzTodays Editorial Team | June 16, 2022

Pakistan International Airlines Corporation Limited (PIA) has acquired four A-320 aircraft on a dry lease basis for a period of 72 months at a cost of Rs. 9.388 billion. Sources told NewzTodays that the first aircraft had already arrived in Pakistan. However, the Federal Board of Revenue (FBR) refused to release this aircraft PIA acquired…