Page 23 - Legislative Cases News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Govt turns down tax relief plan Aviation Division proposed exemption to new authorities for five years to manage airports ISLAMABAD: The government has turned down a plan of granting five-year tax break to new authorities to look after the affairs of airports and aviation under outsourcing of major airports of the country. The government plans to segregate Pakistan Civil Aviation Authority (PCAA) by setting up two separate authorities namely Pakistan Civil Aviation Regulatory Authority (PCARA) and Pakistan Airports Authority (PAA). The Aviation Division had tabled a plan before the cabinet to...

ISLAMABAD: With power sector circular debt touching Rs2.327 trillion as of June 30, 2021, the Cabinet Committee on Energy (CCoE) on Thursday ordered expeditious implementation on oil crisis report including transfer of additional powers to Oil & Gas Regulatory Authority (Ogra) to regulate oil marketing sector. Presided over by Planning Minister Asad Umar, the CCoE also desired a final position of all the stakeholders on allocation of pipeline capacity and tie-in mechanism before the next meeting to secure final investment decisions (FIDs) from investors of two additional merchant LNG terminal...

Wants cut in security cost for exploration; revives Kohat oil depot.

Wants cut in security cost for exploration; revives Kohat oil depot.

Upstream regulatory body on cards New authority will take provinces on board while regulating petroleum affairs To ensure independence, the upstream industry regulator’s main source of funding will be levies on the entities it regulates. PHOTO: FILE ISLAMABAD: The government has decided to set up Pakistan Petroleum Upstream Regulatory Authority with the objective of taking provinces on board while regulating affairs of the upstream industry. At present, the director general petroleum concession (DGPC) regulates the upstream petroleum industry. The draft Pakistan Petroleum Upstream Regulato...