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Govt changes stance on LPG policy

Govt changes stance on LPG policy Petroleum Division proposes local price that is $80 above international rates The local industry said that LPG is a poor man’s fuel and it is essential to keep its prices at a affordable level, which is not reflected in LPG Policy. PHOTO: AFP ISLAMABAD: The Petroleum Division has taken another U-turn in the new draft of the LPG Policy 2021, as it proposed local LPG price of around $80 over the international price. This means that LPG importers will be able to charge $80 above CP price. Saudi Aramco sets its propane term contract price, which is then followed by Pakistan.

Petroleum division wants NAB reined in - Newspaper

• Bureau blamed for stifling govt officials’ initiative to take decisions • Secretary says 200mmcfd capacity at LNG terminals remains unutilised • Senators agree anti-graft watchdog damaging business environment ISLAMABAD: Reporting the petroleum sector’s circular debt at about Rs1.2 trillion, the petroleum division on Wednesday said the National Accountability Bureau’s (NAB) “brutal act” was causing a heavy cost to the economy and needed to be reined in to let the country achieve its potential. Petroleum Secretary Dr Arshad Mahmood, while testifying before the Senate Standing Committee on Petroleum, said NAB had dispossessed the government officials of the initiative to take decisions.

KSE-100 index jumps 135 points despite Year-end sale by Insurance companies

KSE-100 index jumps 135 points despite Year-end sale by Insurance companies June 30, 2021 Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Tuesday,as heavy selling pressure by Insurance Companies shadowed budget-approval optimism at the market. On Tuesday, the index began the session on a positive note right after the opening bell and crossed the 47,500-point mark briefly after gaining over 500 points. However, failing to sustain the momentum, the index reversed its trajectory and pared earlier gains to touch intra-day low of 46,986.47 level. The Index traded in a range of 522.35 points or 1.11 percent of previous close before settling at 47,137.77 level, posting at 135 points gain.

Investegate |Oil and Gas Devt Co Announcements | Oil and Gas Devt Co: Material Information

Investegate |Oil and Gas Devt Co Announcements | Oil and Gas Devt Co: Material Information
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