ISLAMABAD: Senate Standing Committee on Petroleum and Natural Resources chairman Muhammad Abdul Qadir is presiding over a meeting at Parliament House on Monday. APP
ISLAMABAD: Briefing the Senate Standing Committee on Petroleum on Monday, the Petroleum Division said that out of a total Rs790 billion on account of the Gas Infrastructure Development Cess (GIDC), various consumers owed approximately Rs473bn in arrears.
The Senate body meeting, presided over by committee chairman Senator Abdul Qadir, discussed overall foreign investment in the country’s oil and gas sector.
The committee was informed that out of a total of about Rs790bn worth of GIDC, an amount of Rs321bn had been deposited in the federal treasury as of April 2021 while Rs473bn was still recoverable from various parties. There were also stay orders from the high courts over the recovery of Rs356bn while a waiver of Rs50bn had been given to the CNG sector. The committee chairman directed relevant authorities to seek s
How Uzbekistan is balancing between America, China and Russia
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
How Uzbekistan is balancing between America, China and Russia
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks tread water ahead of Eid holidays
July 20, 2021
Stocks were little changed in thin trade on Monday as investors prepared for Eid al-Azha holiday break, traders said.
Pakistan Stock Exchange (PSX) benchmark KSE 100-Share Index closed higher by 38.93 points or 0.08 percent to end at 47,873.26 points against 47,834.33 points recorded in the last session. Intraday high was 48,004.54 points, while the lowest level of the day was recorded at 47,751.72 points.
Ahsan Mehanti, analyst at Arif Habib Corp, said, “Stocks closed higher amid thin trade on speculation in the earnings season. Mid-session pressure persisted on falling global crude oil prices and diplomatic row.”
Surge in local petroleum prices, negotiations with independent power producers (IPP) for circular debt resolution and deals, as well as likely hike in local power tariff played a catalytic role.