Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has proposed a new set of conditions for resolving Pakistan’s mounting gas sector circular debt, including formally recognizing the financial losses of the country’s two state-owned gas utilities and writing off unrecoverable receivables in their accounts. According to sources, the IMF has …
Read More »
—Power outages across Punjab are expected to intensify after Sui Northern Gas Pipelines Limited (SNGPL) declared force majeure on regasified liquefied natural gas (RLNG) supplies due to renewed tensions in the Strait of Hormuz, disrupting fuel deliveries for several key power plants Aftab Maken ISLAMABAD: Pakistan’s already strained electricity supply is …
Read More »
Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, approved a series of technical supplementary grants (TSGs), development allocations, and policy measures covering the power, defence, infrastructure, information technology, and public sectors. According to an official statement …
Read More »
BeNewz Report ISLAMABAD: Pakistan’s energy regulator is weighing significant gas tariff increases for fiscal year 2026-27, as an independent consultant has recommended a gradual reduction in unaccounted-for-gas (UFG) losses over the next five years. The Oil and Gas Regulatory Authority (Ogra) has scheduled public hearings on May 12 in Lahore …
Read More »
–Finance body approves key SOE decisions, defers gas firms’ IFRS exemption BeNewz Report ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Thursday approved multiple governance changes across key public sector entities during a meeting chaired by Finance Minister Muhammad Aurangzeb in Islamabad. The meeting reviewed and cleared a summary …
Read More »
Aftab Maken ISLAMABAD: Pakistan’s gas sector circular debt has surged to Rs 3,283 billion, piling pressure on public finances as Sui Northern and Sui Southern report combined annual losses of Rs 60 billion from theft and leakages. The disclosure came during a meeting of the National Assembly of Pakistan Standing …
Read More »
Aftab Maken ISLAMABAD: The 12th meeting of the National Assembly Standing Committee on Petroleum, chaired by Syed Mustafa Mehmood, reviewed significant developments in the gas and LNG sector, with Federal Minister for Petroleum Ali Pervaiz Malik highlighting major reforms and consumer relief measures. The Federal Minister informed the Committee that …
Read More »
BeNewz Report ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs), led by Finance Minister Senator Muhammad Aurangzeb, approved a slate of key board appointments in several major Pakistani SOEs during its meeting in Islamabad on Monday. The committee endorsed the appointment of an independent director to Zarai Taraqiati Bank Limited …
Read More »
BeNewz Report The Federal Cabinet has decided to lift the ban on new gas connections while also declaring agricultural and climate emergencies across the country. At a joint press conference, Federal Minister for Energy Ali Pervez Malik and Federal Minister for Parliamentary Affairs Dr. Tariq Fazal Chaudhry said the Prime …
Read More »
BeNewz Report Pakistan has invited Expressions of Interest from consultancy firms to assess and propose remedies for unaccounted-for-gas losses at SNGPL and SSGC, with submissions due by October 6, 2025. The government has decided to hire consultants to conduct a comprehensive study into unaccounted-for-gas (UFG) losses faced by Sui Northern …
Read More »
BeNewz