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Articles for tag: bidding, competitive, deal, field, Gas, natural, objects, POL, Razgir, sell

January 4, 2025

News Desk

POL objects to deal to sell natural gas from Razgir field without competitive bidding

A flare burns off excess natural gas in a research field. — Reuters/File Pakistan Oilfields Limited (POL) has objected to a proposed gas sale agreement without a competitive bidding process between a Hungarian gas company and a private company from the Razgir field in Kohat that is 65% owned by state-owned entities (SOEs ). . These objections were raised in a letter sent to the Petroleum Department and other companies in the consortium by private partner POL, which is a 25% shareholder in the Kohat gas field. In its letter, Rawalpindi-based POL said the Hungarian company, which has a 10%

July 13, 2024

News Desk

Pakistan field competitive squad in WCL 2024 final against India

In the World League of Legends (WCL) 2024 grand final, Champions Pakistan posted a competitive total of 156/6 in their allotted 20 overs against Champions India. Opting to bat first after the win, the Pakistan Champions faced a mix of solid partnerships and quick dismissals but managed to maintain a run rate of 7.80. Kamran Akmal contributed 24 runs off 19 balls, including four boundaries, before Rayudu caught him off the bowling of Pawan Negi. Sharjeel Khan added 12 runs from 10 balls with two fours, falling to Anureet Singh. Sohaib Maqsood made a quick 21 runs off 12 balls

April 4, 2024

News Desk

The government is showing interest in competitive tariffs

Islamabad: Power Minister Sardar Awais Ahmad Khan Leghari assured the textile mills that the government would provide support to the sector in its developmental efforts as well as address its concerns. Speaking to a delegation of All Pakistan Textile Mills Association (Aptma), the minister emphasized the unwavering commitment of the government to provide substantial support to the textile industry. In this regard, he referred to the ongoing efforts to implement a comprehensive wheeler policy, which was expected to significantly boost Pakistan’s exports. The minister underlined the government’s keen interest in offering regionally competitive tariffs, specially tailored to the textile industry.

November 20, 2023

News Desk

The fallacy of competitive energy prices

While export subsidies may provide temporary relief in some sectors, they have high fiscal and opportunity costs, distorting the economic landscape. photo: file Islamabad: The interim government, in its latest policy move, chose to raise gas prices while rejecting the idea of ​​removing subsidies for exporters. Export subsidies have been a contentious and persistent issue in Pakistan’s economic landscape for a long time. The government’s tendency to extend these subsidies to the export sector, often dressed up in tax breaks and reduced energy prices, has been a matter of debate. Advocates, including notable figures such as the current interim Commerce

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