The ministry apparently misreported before a parliamentary committee, media that Ogra was delaying the RLNG pricing.
Data to be shared with Ministry of Water and Power.
The govt may set a minimum investment of Rs90bn on top of bid price for sale of PSM.
The govt levies Rs7 billion additional tax on oil products to keep their prices unchanged for October.
The government is currently charging Rs24.92 per litre as taxes — Rs15 as GST and Rs9.92 as petroleum levy.
The Nepra teams observe that during 2014-15, generating units were not utilised according to their capacities.
The energy crisis, Pakistan has faced for almost a decade now, demands out-of-the-box and innovative solutions.
Amjad was under great pressure from three sides to sign three different agreements, say sources.
Dar expected to return from NYC with at least $1.5bn which may raise forex reserves to highest level ever.
Nepra seeks increase of Rs1 to Rs4.91 per unit in consumer tariff in the first year for Fesco.
Finance ministry officials acknowledge numbers had been raised to Rs341bn by putting past and future plans together.
The amount is equal to nearly one-fourth of the Rs4 trillion federal budget for fiscal year 2015-16.
Tests said to have produced good results.
Imports approved to control prices in local market.
Petroleum Minister Khaqan Abbasi says the power unit will not have any technical problem if run on natural gas.
Shahid Khaqan Abbasi claimed to have received threats as well as offers of financial rewards from oil mafia.
Khaqan Abbasi says proposal to regulate LPG in the offing.
Sharif ordered two separate audits, one by an audit firm and the other by the auditor general of Pakistan.
Marathon sessions at the highest level last week ended up with nothing other than promises for cuts in electricity.
Ogra asks three oil and gas companies to secure a legal cover from the govt for provisional pricing of the commodity.