Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: bear, brunt, consumers, Gas, hike, price, seeks, SSGC

March 17, 2024

News Desk

Consumers will bear the brunt as SSGC seeks further hike in gas price

A representational image showing a lit burner of a gas stove. — Reuters/File SSGC is seeking an increase of Rs 274.40 per mmbtu in gas tariff. Ogra urged to set the average price of a mmbtu at Rs 1740.80. A public hearing on the appeal is scheduled for March 18 in Karachi. A month after caretakers burdened the masses with an International Monetary Fund (IMF) demand gas price hike, Sui Southern Gas Company (SSGC) has asked the fuel regulator — the Oil and Gas Regulatory Authority (Ogra) — to further increase natural gas. prices from July 2024. The caretaker government

March 12, 2024

News Desk

E&P companies to step up efforts to find new deposits

KARACHI: Pakistan’s oil and gas (E&P) exploration and production (E&P) companies are expected to step up efforts to find new hydrocarbon deposits with hopes of improving revenue collection from utilities, indicating that new discoveries will keep fuel stocks steady after persistent exhaustion for quite some time. In a comment, Optimus Capital Management research analyst Fabeeha Ali said “looking ahead, in line with the forecast for enhanced exploration activities with recent energy sector reforms, we expect positive reserve replacement going forward, leading to at least sustained reserve profiles of E&P companies” . Speaking to The Express Tribune, the analyst clarified that

March 2, 2024

News Desk

E&P companies prefer third parties

Islamabad: As public gas utilities have long been mired in cyclical debt, hydrocarbon exploration companies are reluctant to grant them gas and prefer third parties for better returns and timely payment of fees. The situation arose at a recent meeting of the Economic Coordination Committee (ECC) of the Cabinet, where state-owned exploration company Pakistan Petroleum Limited (PPL) withdrew plans to share gas supply with Sui Southern Gas Company (SSGC) and sought permission to supply gas to fertilizer producer Fauji Fertilizer Bin Qasim Limited (FFBL). The Council of Common Interests (CCI) recently increased the share of gas allocation for exploration companies

February 14, 2024

News Desk

SSGC is considering a replacement plan amid depleted stocks

KARACHI: Sui Southern Gas Company Limited (SSGC) is awaiting the government’s signal of approval to set up a cost-effective natural gas import substitution worth more than $1 billion a year. This strategy includes reusing shut-in wells and encouraging exploration companies to discover tight gas. The move comes as imported natural gas (Liquefied Natural Gas) has become unaffordable due to the massive depreciation of the rupee in recent times. Briefing journalists at his office, SSGC CEO Imran Maniar highlighted the challenges associated with completing international gas pipeline projects. Projects like the Turkmenistan-Afghanistan-Pakistan-India (TAPI) and Iran-Pakistan (IP) lines are proving “very, very

February 4, 2024

News Desk

Govt initiates restructuring of FBR

Islamabad: With less than a week before the general election, the caretaker government has notified an implementation committee to carry out the restructuring of the Federal Board of Revenue (FBR) and has set a strict deadline of 72 hours to finalize a legal package. The Chairman of Pakistan Stock Exchange and Sui Southern Gas Company Limited, Dr. Shamshad Akhtar will lead the implementation committee in her capacity as Finance Minister. The first meeting of the committee was held on Saturday, immediately after the notification, during which the chairperson of the committee presented her plan to reform the tax mechanism. The

February 3, 2024

News Desk

The Prime Minister gives the green light for the recruitment of PARCO MD

Islamabad: Caretaker Prime Minister Anwaarul Haq Kakar has given the go-ahead for the appointment of Irteza Qureshi as the new regular managing director of Pak Arab Refinery Limited (Parco). He is currently working as deputy managing director (DMD). According to sources, eight potential candidates were shortlisted during the first phase for the post of Parco MD. Two candidates were from Engro Group, one from contractor Schlumberger, two from Parco, one from K-Electric and one from Sui Southern Gas Company (SSGC). In the final phase, the government shortlisted three candidates, which included SSGC MD, Schlumberger CEO and Parco DMD Irteza Qureshi.

January 16, 2024

News Desk

SSGC leadership appointments stopped

Islamabad: The Federal Government has barred the current Board of Directors (BoD) of Sui Southern Gas Company (SSGC) from appointing a new CEO or filling senior positions. Responsibility for such appointments has been transferred to the incoming board. According to a letter available to The Express Tribune, the Directorate of Petroleum has directed the company secretary to immediately hold elections to form a new board of directors. The Petroleum Directorate said that the current board has already completed its term and the vacant directorships remain unfilled. Therefore, it is recommended that critical strategic decisions affecting the future of the company

January 6, 2024

News Desk

Kitchens in Karachi get cold as SSGC favors fertilizer plants in winter

Sources say fertilizer plants are still operating due to which gas supply is interrupted in residential areas Flames shoot from a domestic gas ring of a furnace in Durham, Britain, September 23, 2021. — Reuters KARACHI: Millions of kitchens in Karachi have gone cold as utilities divert gas meant for domestic consumers to fuel factories in blatant disregard for the plight of people, unable to cook food or keep their homes warm as winter sets in at worst. According Geo News, a decrease in natural gas supply is observed in the last days of the week. In some areas, natural

December 27, 2023

News Desk

The government will recover Rs 232 billion for LNG

Islamabad: In the face of resistance from Sindh province, the caretaker government aims to recover Rs 232 billion, representing the cost of diverting expensive liquefied natural gas (LNG) supply to domestic consumers from January 1, 2024. The natural gas supply company, Sui Northern Gas Pipelines Limited (SNGPL), had diverted the costly LNG to domestic consumers during the winter season to meet gas crises as directed by the federal government. However, the absence of a legal framework has hindered the recovery of LNG prices. The previous Pakistan Tehreek-e-Insaf (PTI) government had passed a Weighted Average Cost of Natural Gas Bill in

December 24, 2023

News Desk

LNG imports are expected to hit an 18-month high

KARACHI: Pakistan’s liquefied natural gas (LNG) imports are expected to jump to an 18-month high with 11 cargoes arriving in December this year as the country placed orders for two spot cargoes for the first time in a year. LNG prices have fallen significantly since their peak in the international spot market and with the arrival of winter, when demand from domestic consumers pushes the country back to the spot market. design: mohsin alam However, prices in the finished product market are relatively higher than the rates at which Pakistan buys LNG from global suppliers under long-term agreements of 10

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com