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The Oil and Gas Regulatory Authority (Ogra) and All Pakistan CNG Association (APCNGA) have held partially successful negotiations in which Ogra has prepared an initial working paper on CNG prices.
According to the working paper, in Region 1 the price of CNG will be increased by Rs.12.50 per kg and in Region 2 the price will be increased by Rs 11.80 per kg.The compression cost for CNG will be Rs7.20, while the operating cost will be Rs7.90. The CNG owners profit will be Rs3.42 per kg.
At the same time the APCNGA chairman Ghayas Paracha has said that there have been positive developments during talks with Ogra.He said that in accordance with Ogra’s demand, the audit reports of 1000 stations have been submitted.
Ghayas Paracha also said that electricty bills have also been submitted as per Ogra’s requirements.He also said that Ogra and the APCNGA have disagreements on the monthly sales of CNG.
Asian shares were mixed Thursday, with Tokyo again lifted by the yen's continued weakness but pessimism lingered about the prospects for a US fiscal cliff deal by the year-end deadline.
The Nikkei 225 index at the Tokyo Stock Exchange, which rose 1.49 percent to hit a nine-month high in the previous session, climbed another 1.37 percent by the..... Read more
The All Pakistan Textile Mills Association has said that textile industry in Pakistan is ready to invest $1 billion in Balancing, Modernization and Replacement (BMR) of the units and looking for various options of importing machinery ahead, as textile operators continue to remain engaged in revamping and modernisation of their manufacturing units.
Chairma..... Read more
Apart from conducting free and fair elections in the country, the caretaker government would have to take some courageous economic decisions in its short tenure of around two months including approaching IMF to improve balance of payment situation.
The Caretaker Prime Minister Mir Hazar Khan Khoso, who assumed the charge on Monday, would face mountainou..... Read more
