Says no one can perfectly time or beat an international commodity market.
Government decides to change berthing order of various oil vessels; OMCs seek removal of tax anomalies.
Petroleum Division says it will lead create a private monopoly.
Defers approval of strategic trade policy framework, cotton price.
Fund keeps global growth forecast largely unchanged at 6pc.
Senate body discusses overall foreign investment in the country’s oil and gas sector.
The Petroleum Division is seeking an average national basket price for natural gas, both local and imported.
Borrowing of $14.28bn indicates higher foreign exchange needs to finance imports, earlier loans.
Countrywide loadshedding goes beyond 5,000MW amid extreme humid conditions.
Discos demand 80-paisa increase for June; regulator calls public hearing on 28th.
ECC allows transfer of marine assets to PNSC subsidiary.
The govt had withheld payments to about a dozen IPPs as NAB had taken cognisance of their deals and alleged illegal gains.
1,100km gas pipeline from Port Qasim in Karachi to Lahore will be built at an estimated cost of $2.5-3 billion by the end of 2023.
The State Oil Company of Azerbaijan Republic appears to be back-peddling its diplomatic push for oil and gas deals with Pakistan.
Power Minister Hammad Azhar says much work needs to be done to improve the transmission structure in Pakistan.
"Socar tried to tried to sell expensive cargoes opportunistically," petroleum division says.
LPG accounts for about 1.2 per cent of the country’s total primary energy supply, according to Economic Survey 2019-20.
Stakeholders assail "poor" consultative process on new policy.
The end consumers suffered the most amid the return of the countrywide power cuts of various scales and durations.
Energy minister confirms around 1,500MW power cuts due to shortfall.