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Import of LNG: rate of advance tax quite different for filers, non filers

PAR Jan 23, 2017 0

The rate of advance tax on the import of Liquefied Natural Gas (LNG) by a private company is 5.5 percent and by government designated buyer like Pakis...

OGRA accuses SNGPL MD of flouting instruction, not responding to complaints

PAR Jan 21, 2017 0

Oil and Gas Regulatory Authority (OGRA) on Friday sent an accusatory letter to Amjad Latif, Managing Director Sui Northern Gas Pipelines Limited (SNGP...

Mari Petroleum posts Rs 1,846.449 million PAT

PAR Jan 21, 2017 0

Mari Petroleum Company has posted Rs 1,846.449 millions profit after tax in the three month period ended December 31, 2016 as compared to Rs 585.111 m...

ABL ATMs to be installed at PSO outlets nationwide

PAR Jan 20, 2017 0

Country's largest oil marketing company Pakistan State Oil (PSO) and Allied Bank Limited (ABL) have signed an agreement to facilitate deployment of AB...

Oil transportation of PSO increased from 4pc to 38 in three years

PAR Jan 20, 2017 0

ISLAMABAD: The oil transportation of Pakistan State Oil (PSO) through Pakistan Railways has increased from four percent to 38 in three years. In the...

PPL BoD approves payment of dividend

PAR Jan 19, 2017 0

KARACHI: The board of directors of Pakistan Petroleum Limited (PPL), in its meeting held here on Wednesday approved and recommended the payment of a f...

Gas Infrastructure Development Cess: Ministry asks CNG sector to retire Rs 40 billion dues

PAR Jan 19, 2017 0

ISLAMABAD: Ministry of Petroleum asked the CNG sector to retire its outstanding dues of Rs 40 billion collected under the head of Gas Infrastructure D...

Gas utilities directed to ensure adequate pressure for consumers

PAR Jan 18, 2017 0

Oil and Gas Regulatory Authority (Ogra) Tuesday directed the gas utilities to ensure adequate gas pressure for both domestic and commercial consumers....

SNGPL and SSGC: OGRA determines Rs 415 billion estimated revenue in 2015-16

PAR Jan 17, 2017 0

Oil and Gas Regulatory Authority (OGRA) determined an estimated revenue of Rs 415 billion against the demand of Rs 486 billion by two gas utilities (S...

Second LNG FSRU will sail to Karachi in June

PAR Jan 17, 2017 0

The second LNG floating storage and re-gasification unit (FSRU) to be deployed in Pakistan has achieved completion and will sail to Karachi on schedul...

240 LNG shipments: financial bids for supply to open on January 19

PAR Jan 16, 2017 0

Pakistan LNG Limited (PLL) is to open financial bids for the supply of 240 shipments of liquefied natural gas (LNG) on Jan 19, while contracts to succ...

Low gas pressure hits most parts of Lahore

PAR Jan 12, 2017 0

The domestic consumers in many areas of Lahore faced low pressure of gas on Wednesday and their sufferings also multiplied due to illegal use of compr...

OGDCL, Chinese company likely to expedite operations in Balochistan

PAR Jan 9, 2017 0

Oil and Gas Development Company Limited (OGDCL) is likely to go into a joint venture with Poly-GCL Petroleum Group of China to expedite exploration of...

POL sales grow 23 percent on YoY, 1.8 percent on MoM basis in December

PAR Jan 5, 2017 0

POL sales for the month of December 2016 clocked-in at two million tons, reflecting a growth of 23 percent on year-on-year basis and 1.8 percent on mo...

Depot in Quetta fully operational: PSO

PAR Jan 5, 2017 0

The country's leading oil marketing company (OMC), Pakistan State Oil on Wednesday stated that its depot in Quetta is functioning normally and it has...