The national power regulator has swung into action after tempers began to fray nationwide over prolonged power outages, despite govt claims of surplus electricity.
Petroleum Division amends LPG policy draft
Favours importer by waiving regulatory duty, advance tax on imports via sea
At present, the LPG importers are paying 5.5% withholding tax on import. PHOTO: FILE
ISLAMABAD:
After the oil scam, another scam could emerge as the Petroleum Division has amended the draft of LPG Policy 2021 that appears to favour an influential LPG importer by waiving regulatory duty and advance tax on imports via sea.
According to the amended draft, a copy of which is available with The Express Tribune, the Petroleum Division has introduced measures to strengthen the monopoly of one key LPG importer at the cost of local gas and imports through land route.
PSO signs infrastructural MoUs with PARCO, PAPCO
Karachi
May 4, 2021
KARACHI: Pakistan State Oil (PSO) has signed multiple infrastructural MoUs of strategic importance with Pak Arab Refinery Limited (PARCO) and Pak Arab Pipeline Company (PAPCO) which aim to safeguard the country’s petroleum product supply chain and enable economical and environment friendly transportation of fuels.
The entities will jointly develop a strategic pipeline link of 20 km between the ports of Keamari and Port Qasim for the transportation of motor gasoline and high speed diesel called the Keamari Korangi Link Pipeline 2 (KKLP-II). This is a major milestone on the road to sustainability and environment friendly initiatives as it will significantly reduce harmful tailpipe emissions, ensure safe transportation of highly volatile petroleum products and ease traffic congestion in Karachi and other cities.