Pakistan Customs, Tax, Shipping & Business News Resource
LONDON: Vortex Energy, a European renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a sale and purchase agreement to divest a 49% stake…
LAHORE: While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years as…
KARACHI: Pakistan Petroleum Limited (PPL) the Operator of the Block 2467-16 (Shah Bandar) EL and Block 2568-18 (Gambat South) EL has made a back to back gas/ gas and condensate…
KARACHI: Pakistan Petroleum Limited (PPL) the Operator of the Block 2568-18 (Gambat South) EL with 65% working interest (WI) along with its Joint Venture Partners Government Holdings Private Limited and…
KARACHI: Both black and white oil volumetric sales declined during five months (July-November) with overall oil market companies (OMC) volumes clocking in at 7.69 million tons as compared to 11.31…
KARACHI: The 1100MW Karachi Nuclear Power Complex-II (KANUPP-2) will come online in December 2020 followed by 1100MW KANUPP-3 in October 2021, Chairman Pakistan Atomic Energy Commission Muhammad Naeem said. “Soon…
KARACHI: The Centre for Peace, Security and Developmental Studies (CPSD) is organizing a national seminar on ‘Energy Security Policy: Thinking beyond the Norm’ in Karachi on December 03, 2018, a…
PESHAWAR: FPCCI’s presidential candidate Daroo Khan Achakzai on Saturday said oil and gas reserves in the Khyber Pakhtunkhwa (KP) province should be exploited to ensure an economic turnaround. “Local gas…
KARACHI: Despite bearish global oil market, Oil and Gas Regulatory Authority (OGRA) has proposed an increase of upto Rs10/litre in the petroleum product prices. Pakistan’sbroke government seems reluctant to accord…
KARACHI: The Sindh government has announced that it would be establishing its own grid company under a public-private partnership to produce clean electricity being generated in the country’s only wind…
KARACHI: A joint team comprising SSGC’s Counter Gas Theft Operations (CGTO) and Customer Relations departments (CRD) conducted raids on miscreants involved in blatant use of gas theft in the company’s…
The demand for energy is growing rapidly, as an increasingly large number of people are moving towards modern means of transportation and industrialization. Urbanization of Pakistan has also had an…
KARACHI: A former GM Audit at Pakistan Petroleum Limited (PPL) has highlighted issues at Pakistan Petroleum Limited (PPL) requiring urgent attention of the government.Issues: Acting MD Saeedullah Shah is a…
KARACHI: Pakistan is a highly promising and rewarding market for oil and gas sector, while investment in the energy sector of the resource-rich province of Baluchistan can reduce oil and…
KARACHI: The Directorate General of Customs Valuation has determined that mineral coal of Afghanistan origin falling under HS code 2701.1900 may be assessed at $85 per metric ton. Coal Traders…
KARACHI: The National Electric Power Regulatory Authority (NEPRA) has notified upfront tariff for Thar coal power plants, which will only be available for brand new plants. This was one of…
KARACHI: On the directives of Collector MCC Hyderabad, Wasif Ali Memon, the Deputy Collector ASO Hyderabad Amanullah Tareen launched another operation against illegal petrol-diesel pumps in district Umerkot with the…
KARACHI: Anti smuggling organization (ASO) Hyderabad has dismantled four more illegal petrol/diesel pumps engaged in receipt and supply of smuggled diesel in Kotri District Jamshoro on January 7, 2015. These…
KARACHI: MCC Hyderabad has initiated crackdown against the smuggling of Irani diesel and petrol pumps selling the same. Chairman FBR Tariq Bajwa and Member Customs Nisar Mohammad Khan on November…
KARACHI: The Customs Appellate Tribunal has struck down the fine and penalties imposed by Customs Adjudication on a mineral oil importer for being malafide on the part of Customs Appraisement,…