Pakistan’s oil sales drop by 8% year-on-year in August 2023
According to the latest data, Pakistan’s oil sales in August 2023 decreased by 8% compared to the same period last year, reaching 1.40 million tons from 1.52 million tons. The…
Pakistan allows trade with Afghanistan, Central Asia in local currency
KARACHI: Government has allowed export of goods to Afghanistan and Central Asian Republics against Pakistan currency on filing of regular shipping bills without requirement of E-Form. Ministry of Commerce has…
Customs Intelligence and Investigation seizes 139,000 liters of smuggled diesel
QUETTA: Customs Intelligence and Investigation Quetta has recovered 139,000 liters of smuggled diesel of Iran origin from several vehicles, which was being transported to various distribution centers in the country.…
OCAC Statement on Petrol Availability
Karachi: On behalf of Oil Marketing Companies (OMCs) & Refineries operating in Pakistan, Oil Companies Advisory Council (OCAC) would like to inform that current stocks of Petrol (Motor Gasoline) are…
OGRA serves Show Cause Notice on six OMCs for fuel shortage at retail outlets
KARACHI: Oil and Gas Regulatory Authority (OGRA) has served Show Cause Notices (SCNs) on six oil marketing companies (OMCs) for fuel shortage at their retail outlets. OGRA spokesperson Imran Ghaznavi…
Byco Puts Its Refining Complex On “Cold Circulation”, Due To Lack Of POL Demand
Karachi: Byco Petroleum Pakistan Limited, Pakistan’s largest oil refinery by design and installed capacity, has been constrained to put its refinery on “cold circulation”, due to absence of demand for…
PSO reports profit after tax of Rs. 4.2 billion in 1H FY19
KARACHI: The Board of Management (BOM) of Pakistan State Oil Company Limited (PSOCL) has reviewed the performance of the Company for first half of the financial year 2019 (1HFY19) in…
Pakistan stocks slip 1.5 percent
KARACHI: Pakistan stocks slipped 1.5 percent during the week ended November 24, 2017, which started off on a bearish note amid ongoing sit-in by religious parties, dampening investor’s sentiment. Consequently,…
Customs Intelligence Quetta seizes smuggled goods worth Rs90 million
KARACHI: Directorate of Customs Intelligence Quetta on the directives of Director General Customs Intelligence & Investigation Shaukat Ali has initiated a crackdown against movement of smuggled goods particularly Irani diesel.…
Customs detect evasion of tax and petroleum development levy by OMCs
KARACHI: Pakistan Customs has detected evasion on the part of oil marketing companies (OMCs). These OMCs while ex-bonding dutiable petroleum products are not paying or short paying sales tax as…
Customs Sukkur seizes smuggled diesel
KARACHI: Customs Sukkur has seized 2290 liters of smuggled Irani diesel in cans concealed in a truck loaded with coal. A large quantity of diesel used to be smuggled into…
ASO Hyderabad detect diesel smuggling being carried on in an organized manner
KARACHI: The Anti Smuggling Organization (ASO) Hyderabad has seized a large quantity of smuggled Irani diesel and lodged an FIR against staff of Hascol Petroleum Limited and others for aiding…