Monetary Policy Statement, September 14, 2023
1. At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. This decision takes into account the latest inflation outturn reflecting the…
120 MMCFD short supplies from 2 Gas Fields badly hits SSGC’s system
Since early morning today (Thursday), SSGC has been facing tough challenges, as two of the gas fields from which SSGC purchases the natural gas are providing accumulative short supplies of…
Cancerous IPPs contracts can sink Pakistan’s power sector and economy, Dr. Mirza Ikhtiar Baig
Karachi: (Commerce Reporter) Former Senior Vice President of FPCCI, Information Secretary of United Business Group and Honorary Consul General of Yemen in Pakistan, Dr. Mirza Akhtar Baig has said that…
Raids and FIRs continue against gas thieves
Gas Utility Court, District East Karachi convicted accused Abdullah after payment of Rs. 527,300/- to SSGC as quantum of loss and fine of Rs. 10,000/-. FIR was lodged in SSGC…
Customs Gwadar seizes smuggled fuel worth Rs15 million
GWADAR: Customs Gwadar has expedited the anti-smuggling activities, and seized 14,000 liters of smuggled Irani fuel at Ormara. Value of the seized goods comes to Rs15 million. Information was passed…
Customs Enforcement Karachi seizes smuggled fuel worth Rs54 million, arrests 20 suspects
KARACHI: In a major crackdown on fuel smuggling, the Customs Enforcement Karachi has seized large quantity of smuggled fuel products and arrested 20 persons involved in the illegal trade. The…