Category: Energy
FBR reduces sales tax rate on petrol to 10.77%
ISLAMABAD: Federal Board of Revenue (FBR) on Monday reduced the sales tax rate to 10.77 per cent on supply of petrol. The tax authority reduced the sales tax rate from […]
Pak Oxygen invests Rs2.5bn for ASU setup
KARACHI: Pakistan Oxygen Limited on Monday announced to set up an Air Separation Unit (ASU) with an amount of Rs2.5 billion. The company will set up the unit in the […]
Mari Petroleum signs exploration agreement
KARACHI: Mari Petroleum Company Limited (MPCL) on Monday announced that it has executed a farm-in agreement. The company signed the with MOL Pakistan Oil and Gas Co. B.V. for acquisition […]
POL prices increased for next fortnight; per liter petrol up by Rs5.4 to Rs118.09
ISLAMABAD: The government on Thursday announced increase in petroleum prices to be implemented midnight with effect from July 16, 2021 for next fortnight. The government announced an increase of Rs5.4 […]
FBR drafts rules for warehousing, export of POL products
ISLAMABAD: The Federal Board of Revenue (FBR) has drafted rules for bonded warehousing and export POL Products. The FBR issued SRO 872(I)/2021 on Friday and proposed amendments to Customs Rules, […]
Petrol price increases by Rs2 to Rs112.69/liter
ISLAMABAD: The government on Wednesday announced an increase in price of petrol by Rs2 to Rs112.69 per liter from Rs110.69 with effect from July 01, 2021. A statement said that […]
Kamran Kamal appointed HUBCO chief
KARACHI: Hubco, Pakistan’s largest IPP has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years, a statement […]
NCCPL excludes Hascol Petroleum from list of eligible securities
KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Monday excluded M/s. Hascol Petroleum from the list of eligible securities after the stock exchange placed the oil company into defaulter […]
FBR announces reduction in sales tax rates on petroleum products
ISLAMABAD: Federal Board of Revenue (FBR) has announced reduction in sales tax rates on supply of petroleum products in order to ensure availability of fuel at lower rates. The FBR […]
Mari Petroleum board decides consortium to set up NewCo in Abu Dhabi
KARACHI: The board of directors of Mari Petroleum Company (MPCL) on Thursday decided that a consortium of public limited energy giants shall incorporate a company namely NewCo in Abu Dhabi […]