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January 8, 2025

The Pakistan Daily

Govt mulling options to reduce electricity prices: PM Shehbaz

Prime Minister Shehbaz Sharif says the UAE has decided to extend the two billion dollar payment due on Pakistan this month. Chairing the federal cabinet meeting in Islamabad, he mentioned that UAE President Mohamed bin Zayed Al Nahyan conveyed this decision to him with pleasure during a one-on-one meeting in Rahim Yar Khan. The Prime Minister stated that his meeting with the UAE President focused on strengthening bilateral relations and promoting investment. He mentioned that the UAE President, while referring to the historic fraternal ties between the two countries, expressed commitment to investing in Pakistan, assuring that his country would

September 3, 2024

News Desk

Dar rejects gas allocation proposals

Islamabad: Ishaq Dar, Chairman of a high-level committee on oil and gas, on Monday rejected a framework proposed by the Petroleum Directorate to share discovered gas with third parties and said categorically that the government will not “rewrite a policy” that has already approved. by the Council of Common Interests (CCI). The Petroleum Directorate presented four proposals to share 35% of gas discovered by exploration and production (E&P) companies to third parties. In the first sentence, he said, the allocation policy should be applied to those sectors that are depleting. However, the policy should not apply to existing oil and

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