Government official says the OMCs did not violate any law in these imports even though they earned windfall profits.

Sources cite finance minister as saying he expects inflation to rise to about 40pc in the months ahead.

Agency’s director says a total of 30 suspects booked in the case.

Imports of petroleum products more than doubled and crossed $10bn in July-Dec 2021 from less than $5bn in July-Dec 2020.

The Nasla Tower episode in Karachi and rising costs have slowed down activities all over the country.

The study will recommend ranking at least two underground and two over-ground gas storage facilities by December 2023.

Turnover tax constitutes 4-5pc of the cost of a standalone garment/finished goods producer if they do not have backward linkages.

The Indian side is experiencing almost identical problems and may go for imports.

The power generation scene in the next decade should hover around large-scale hydropower plants.