Connect with us

Latest News

Government to guarantee gas and power supplies for Iftar andSehri, says Energy Minister

Published

on

He has just taken over as the Minister of Energy in Islamabad.

According to the minister, the convenience of the populace is the present government’s primary goal.

He restated the government’s commitment to encouraging both domestic and international investment in the minerals and gas industry.

He also outlined the initiatives put in place to address cyclical debt in a sustainable manner.

The timetable states that throughout the Holy Month, the gas supply will be shut off from 9 a.m. to 3 p.m. and from 10 p.m. to 3 a.m.

According to the SSGC, there will be a steady supply of gas available during Sehr-o-Iftar. Pakistan’s gas reserves are reported by the firm to be decreasing by 8 to 10 percent annually.

The Sui Southern Gas Company (SSGC) made a concerning revelation, estimating that Pakistan’s gas reserves will probably be cut in half by 2027.

According to the SSGC, natural gas supplies are quickly running out as gas use is rising. The corporation emphasized that switching from local gas to RLNG was necessary.

Latest News

Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

Published

on

By

To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

Continue Reading

Latest News

Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

Published

on

By

Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

Continue Reading

Latest News

GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

Published

on

By

25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

Continue Reading

Trending