ISLAMABAD: The Kisan Union has issued a strong warning to the government, threatening a massive protest march to Islamabad if the Punjab government fails to raise the wheat support price and take decisive action to curb spiraling input costs that are crippling the agricultural sector. In a press conference on Tuesday, Kisan Union Central President … Read more
Prices of ghee and branded cooking oil in Pakistan rose by up to Rs 100 per kg/litre, to Rs 570, despite a global decline in palm oil costs according to a report by dawn. said a retailer dawn The price of branded ghee and cooking oil rose by Rs 80 per kg/litre to Rs 570. … Read more
Islamabad: The Federal Cabinet, led by Prime Minister Shehbaz Sharif, on Tuesday approved settlement agreements with eight sugarcane-based independent power producers (IPPs). This decision, which was taken based on the recommendations of the Ministry of Energy and the Department of Energy, is expected to lead to a significant reduction in electricity tariffs. The approved IPPs … Read more
The government prohibited oil refineries from adjusting input taxes on crude oil purchases against sales tax on refined petroleum products, including gasoline and diesel. The change, introduced through the Finance Act 2024, has raised concern across the refining industry, as it threatens to increase operating costs and disrupt refinery upgrade projects. According to Pakistan Refinery … Read more
Power generation in Pakistan fell to 12,487 GWh in September 2024, representing a 6% decline year-on-year compared to 13,339 GWh produced in the same month last year. On a monthly basis, power generation fell 5.3% from August’s total of 13,179 GWh. Experts attributed the decrease in production to weak economic conditions, as well as an … Read more
KarachiPakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil Limited (PSO), reported a significant financial loss of INR 2.35 billion for the quarter ended September 30, 2024. This is in stark contrast to the previous year’s profits. – After tax of Rs 4.48 billion for the same period. In a filing to the Pakistan … Read more