In the latest oil price revision, the government has increased the OMCs margins on Petrol and Diesel. It raised the petrol margin by Re0.32 per liter to Rs4 a liter for Oil Marketing Companies (OMCs). As far as diesel is concerned, our sources suggest that the margin on diesel is also increased by Rs1.52 per…
Federal Minister for National Food Security and Research Tariq Bashir Cheema said on Wednesday that the US ambassador had asked him to give a one-time clearance to GMO soybean vessels that were illegally brought in and seized by customs officials. Cheema told the National Assembly Standing Committee on National Food Security that GMO soybean imports…
The government has executed Petroleum Concession Agreements (PCAs) and Exploration Licenses with several companies to explore oil and gas reserves. The government of Pakistan executed Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over Block No. 2966-2 (Chah Bali) with Joint Venture of Oil & Gas Development Company Limited (OGDCL) (operator) (70%) and Pakistan Oilfields…
For the debut of its new voluntary carbon compensation program, Shell Pakistan Limited signed ABHI, Pakistan’s first financial wellness platform, as its first official customer. This program gives all ABHI employees who use Shell Gasoline Cards a way to use Shell’s extensive portfolio of carbon credits to offset difficult-to-abate carbon emissions from their fuel consumption….
The Biden student loan repayment pause was going to expire at the end of 2022. However, the Biden administration is extending it now into 2023 amid a lawsuit. Almost all federal student loan payments have been deferred since the COVID-19 pandemic began in early 2020. Republicans opposed Biden’s plan to relieve up to $10,000 of…
Karachi: Spotify hosted its first Masterclass for artists community in Pakistan, exclusive to artists and labels, with the aim to educate them about Spotify For Artists. The signature educational session shed light on avenues for artist development offered through Spotify where musicians have access to the data, tools, and knowledge that they require to facilitate…
Italy has announced that it would provide technical assistance for olive cultivation in Pakistan. A meeting of the Steering Committee on Olive Culture Holistic and Multi-Professional Mechanism for a Pakistani Olive Oil Value Chain project was held at the Ministry of National Food Security and Research. Ambassador of Italy to Pakistan, Andreas Ferrarese and Secretary…
Sui Southern Gas Company (SSGC) has sought a massive hike in gas prices for the financial year 2022-23. The Oil and Gas Regulatory Authority conducted a public hearing in Karachi to seek the comments and points of view of consumers, the general public, and stakeholders on the review petition filed by Sui Southern Gas Company…
Petroleum Division is actively working on shifting Agritech and Fatimafert fertilizer plants to indigenous gas. Sources said that Petroleum Division requires time for shifting the plants from RLNG to indigenous gas and then operations of two plants at the SNGPL network. At present, discounted LNG supplies to agritech and Fatimert are going on till the…
The World Bank is planning to give Pakistan $1.3b to help with emergencies, agriculture, and housing. While talking about the World Bank’s Board meeting in December, John A Roome said that the World Bank plans to provide Pakistan with the financial support of $1.3 billion for emergency, agriculture, and housing relief. The World Bank’s Regional…