Shortfall in recoveries of electricity amounts to Rs32bn in Punjab, Rs67bn Sindh, Rs36bn KP and Rs25bn in Balochistan.
ECC is going to consider a $16bn agreement for import of liquefied natural gas from Qatar.
Says the cost of all petroleum products could be reduced by bringing down the tax rates.
Dar thinks the deal should be signed and settled between PSO and Qatar Gas being independent commercial entities.
The govt allows Wapda to raise Rs244bn from domestic commercial banks for completing Dasu and Neelum-Jhelum projects.
Sindh govt fails to contribute its committed amount, utilise the funds released by the centre for the K-IV project.
Development of Gwadar-Helmand road also reviewed by Joint Economic Commission.
‘Foreign energy majors like Kuwait’s Kufpec, Russia’s Rosgeo etc want to enter KP and Fata.'
Provinces take issue with federal cabinet’s unilateral decision-making on matters related to oil and gas.
‘Nearly 20pc of generated electricity is lost due to high technical and commercial losses’
Pakistan confirms recoverable reserves of 200 TCF of natural gas, 58bn barrels of oil in its shale structure.
Delayed decisions on foreign credit, interest accumulation cited for cost increase.
'Liquidate Pakistan Steel Mills with Rs8.1 billion or approve a Rs9.3bn plan and let it run as a going concern.'
The ministry reports that the LNG supply contract with Qatargas would be on a govt-to-govt basis for 15 years.
The less-than-desired public investment in important sectors like infrastructure,
Ministry says it’s looking for suitable candidates for the posts.
Ogra increases system losses in gas tariff to over 7 per cent from 4.5pc for two utilities.
Says its corporate structure is completely independent of government rules.
Nepra to take up for approval for the power acquisition contract and tariff for the import of 1,000-1,300MW electricity.
Ministry refutes the CM’s claims that the federal govt had not issued sovereign guarantees for the 1,200MW project.