Government suspends gas supply to captive power plants (CPPs) due to rising circular debt in the gas sector Islamabad: The circular debt in the gas sector has swelled to Rs 1.3 trillion, pushing the stating companies towards financial collapse. Officials informed the Senate Standing Committee on Petroleum here on Thursday. Petroleum secretary added government…
Ibn-e-Ameer Islamabad: Sui Southern Gas Company (SSGC) has refused to give a No Objection Certificate (NOC) to the government for the revival of Pakistan Steel Mills. But K-Electric (KE) has given a NOC to the revival of Pakistan Steel Mills. NOCs will help Pakistan Steel Mills to transfer utility connections to the established subsidiary…
Jahangir Tareen sugar mills turn into profit from loss during PTI government News Report Jahangir Tareen sugar mills profit-JDW turns from loss into profit which makes around a 250 % increase in profit for the financial year ended on September 30, 2021. In 2018 Sugar mill was at loss but after PTI came into power…
Ibn-e-Ameer The government is going to give another subsidy of Rs 17 billion to keep the price of urea at a low level in Pakistan. It has approved the supply of gas at discounted rates to two fertilizer plants-AGL and Fatima Fertilizer. The government will run these two fertilizer plants at LNG.However, gas utilities will…
News Report Local cement sales in Pakistan are likely to decline by 4-8% year on year (YoY) in December 2021. The local sales in the first half of 2022 are also likely to drop 2% year on a year (YoY) basis. Pakistan’s cement sales in Dec-2021 are likely to reach 4.3-4.7 million tons, down 5-9%…
By Sobia Sultan Millions of Pakistani have a lifelong dream to get their own home. But rising property prices, increasing construction costs, and high inflation have made it hectic task for many families to afford their own house. Renting a house is not too easy which has several challenges like high monthly payments, lack of…