Pakistan News

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  • Pemra seeks ARY News response to IB complaint against 'fake news'

    The Pakistan Electronic Media Regulatory Authority (Pemra) on Saturday directed ARY News to respond to a complaint filed by the Intelligence Bureau (IB) against its report on a list of lawmakers suspected of links with banned militant groups allegedly compiled by the IB...

    The list first came to light when ARY News programme 'Power Play' aired a report on Sept 25 claiming that former prime minister Nawaz Sharif had directed the IB on...

  • Pemra serves notices to ARY, Bol News over 'fake' news regarding cabinet reshuffle

    The Pakistan Electronic Media Regulatory Authority (Pemra) has issued show-cause notices to ARY News and Bol News for airing news items regarding a reshuffle in the federal cabinet and change in the portfolios of some federal ministers, it emerged on Tuesday...

    The two media outlets had aired the news on Monday morning about a possible reshuffle in the posts for Minister for Finance and Minister of State for Interior held by Asad Umar...

  • Attock Petroleum profit rises 38pc to Rs5.3bn

    KARACHI: The Attock group announced on Monday the financial results of its group companies, Attock Petroleum, Pakistan Oilfields, Attock Refinery and National Refinery...

    ATTOCK PETROLEUM LTD: The company announced a profit after tax of Rs5...

  • Prices of all petroleum products increased

    ISLAMABAD: The government on Tuesday increased prices of all petroleum products by up to 11 per cent with immediate effect for the month of November...

    The increase was approved by Prime Minister Shahid Khaqan Abbasi who also put an end to the role of the ministry of finance in petroleum goods’ prices and directed the petroleum ministry to pass on increased rates of diesel and petrol to oil companies and instruct the oil regulator to...

  • Petroleum products witness overall 3.39% increase during last fiscal year

    The petroleum production grew overall by 3...

    Production of six petroleum products including jet fuel oil, motor spirits, high-speed diesel, furnace oil, jute batching oil and Liquefied Petroleum Gas (LPG) witnessed an increase, while kerosene oil, diesel oil, lubricating oil and solvent naphtha showed negative growth, according to official data available with APP...

  • Govt plans regulatory body for upstream petroleum sector

    ISLAMABAD: Amid strong opposition from three smaller provinces, the federal government is planning to establish an independent upstream petroleum-sector regulator to regulate oil and gas exploration and production across the country...

    It will act as a specialised department of the federal government through the Directorate General of Petroleum Concessions (DGPC)...

  • PAC seeks record of payments in excess of Rs102m by Petroleum Ministry to Rangers

    The Public Accounts Committee (PAC) on Wednesday sought a complete record of payments in excess of Rs102 million made by the Ministry of Petroleum and Natural Resources to the Sindh and Punjab Rangers for security of Sui northern and southern gas installations...

    Audit officials said the Sindh Rangers outsourced security for Sui Southern Gas Company Ltd to a private company, billing M/S Mehmood and Brothers for security through the...

  • Sales tax collection from petroleum products falls

    ISLAMABAD: The Federal Board of Revenue witnessed Rs8 billion decline in sales tax collection from petroleum products during the first half of this fiscal year from a year ago because of lower oil prices...

    7 per cent in sale of domestic taxable petroleum products during July-December 2014 from a year ago...

  • LNG defined as petroleum product

    ISLAMABAD: The government on Thursday defined liquefied natural gas (LNG) as petroleum product, instead of natural gas, just to bypass the legal requirement of public hearing by the regulator for its pricing...

    “According to the new arrangement RLNG will be treated as a petroleum product and its pricing can be carried out in line with the prevailing practice for petrol/diesel pricing on monthly basis,” said an official statement on...

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