ISLAMABAD, May 23, 2025 – In a dramatic move to fulfill a major condition of the International Monetary Fund (IMF), Pakistan has passed a game-changing law slapping a 20% levy on all captive power plants—self-generating energy units that operate off the national grid.
(more…)Tag: gas price
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PM Kakar Directs Preparing Plan for Industry Gas Prices
Islamabad, December 11, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar, in a meeting with prominent industrialists and businessmen from Karachi on Monday, directed authorities to formulate a comprehensive action plan addressing the prevailing concerns over gas prices in the industrial sector.
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Industrialists Announce Shutdown on December 4 in Protest of Gas Tariff Increase
Karachi, November 30, 2023 – The industrialists of Karachi has announced a widespread shutdown of all industries on Monday, December 4, 2023, demanding the immediate implementation of the approved gas rates of 1350 rupees per MMBTU (Million British Thermal Units) by OGRA.
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Pakistan approves sharp increase in gas prices for IMF bailout package
Pakistan on Monday approved massive increase in natural gas prices ahead of final round of talks with the International Monetary Fund (IMF).
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Gas price hike report baseless: Musadiq Malik
ISLAMABAD: Minister of State for Petroleum Musadiq Malik on Friday addressed in a news conference about the baseless speculations regarding the increase in prices of gas.
READ MORE: Govt. halts gas supply to export industry: APTMA
While addressing in a news conference he said, we have just proposed new slabs to protect the people with low income while capable people will pay just 50 to 60 percent of the real price of gas.
READ MORE: FBR exempts sales tax on oxygen gas import
The state minister also said according to newly proposed prices, fifty percent of the consumers will pay the existing amount or less than that for gas.
READ MORE: OGDCL discovers oil, gas reserves in Sindh
He added that our every step is aimed at protecting poor segment of society and for this purpose, we have proposed subsidy for those consumers who use gas for just cooking and they are fifty percent of total consumers.
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Revised gas price proposal to hit fertilizer industry
ISLAMABAD: In response to the recommendation by OGRA dated December 11, 2019 the Ministry of Petroleum has worked out certain revisions in the sector wise gas prices where it has recommended to increase fertilizers feed gas price by 5 percent while fuel gas price to be linked with RLNG prices currently at Rs1,672/MMBTU.
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ECC approves 10 percent regulatory duty on cotton import
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved imposition of 10 percent regulatory duty on import of cotton.
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