Muhammad Moin Islamabad: The government has decided to restructure the National Institute of Health (NIH) to place it under the governors’ board to amend the law to re-organize the Institute for carrying out research and working to prevent infectious diseases in Pakistan. The board shall comprise seven members, all of whom shall be from the…
News Desk Islamabad: Special Assistant to Prime Minister on Petroleum Nadeem Babar involves in trading on stock markets relating to attached companies of Petroleum Division which include Ogdcl, PSO, SSGCL, SNGL, and PPL. According to a media report quoting details issued by Cabinet Division, he holds a share of energy companies on stock markets. As…
Aftab Ahmed Islamabad: Hascol Petroleum Limited (HASCOL) has reported loss due to a massive decline of volumes as a result of regulatory tightening by PSO. HASCOL has also suffered inventory loss in its last quarter which resulted in negative gross margins. It is worth mentioning to note that by reviewing company accounts it looks that…
Aftab Ahmed Islamabad: Director General (DG) audit on petroleum has started a probe against managing director Oil and Gas Development Company Limited–OGDCL–for acquiring idle land in Balochistan at hefty rates. According to media reports, Oil and Gas Development Company Ltd (OGDCL) Managing Director Shahid Saleem had approved to pay a hefty amount to Nawabzada Shazain…
Aftab Ahmed Islamabad: Baboos finally managed on Monday to get their favorite candidate elected as chairman board of directors of Sui Northern Gas Pipeline Limited (SNGPL). Advisor to Prime Minister on Petroleum Nadeem Babar had recommended the cabinet to approve the nomination of Rizwan-Ullah Khan as a possible candidate for chair of SNPGL. Cabinet approved…
Aftab Ahmed Islamabad: Key cabinet members have blasted local car makers for producing local fuel-efficient cars and charging higher prices. Minister for Science and Technology Fawad Chaudhry says there should be no saving of industry at the cost of the public. He quoted the example of the vehicle of one local auto vendor offering its…
Aftab Ahmed Islamabad: LNG is a sweet business for LNG terminals operators, operators, power plants and even shipping companies when it comes to making money on account of capacity payments and demurrages. The consumers are on losing end. It was PSO at fault that it failed to offload the ship of RLNG that resulted in…
News Desk Islamabad: The federal Cabinet on Tuesday approved appointment of Rahat Kaunain as new chairperson Competition Commission of Pakistan, it is learnt reliably. According to sources, cabinet also approved appointment of Ahmad mujtaba and Shumalia Lone as members CCP. According to sources Rahat Kaunain, who currently works as a practicing lawyer and a partner…
Islamabad: The Oil & Gas Development Company Limited (OGDCL) — Pakistan’s largest state-run oil and gas explorer, has shifted its focus on optimizing oil and gas production to address the issue of the energy crisis in Pakistan. Though the past management has been facing controversies over high perks and luxury car imports, the current management…
Aftab Ahmed Islamabad: Newly appointed power secretary, Omer Rasul soon after resuming the office of power secretary has started cleansing the ministry with the parked luggage of the past, It is learnt reliably on Thursday. Omer Rasul, at his new assignment as being power secretary, although much familiar with the “Movers & Shakers” of the…