Pakistan News

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  • Setting up oil marketing companies likely to cost Rs7bn

    ISLAMABAD: After facilitating a selective few, the government is contemplating to increase the cost of opening new oil marketing companies (OMCs) by 14 times – from Rs500 million to at least Rs7 billion – to limit their mushroom growth...

    The 21 companies were expected to invest a total of about Rs10...

  • Ogra slaps Rs17.8m fine on five oil marketing companies

    8 million fine on five oil marketing companies for not maintaining sufficient stocks of petroleum products in violation of their licence requirements which led to the country’s worst petrol crisis in January...

    The companies were fined after completion of separate proceedings against them in which they were allowed to defend themselves...

  • Refineries face closure as oil marketing companies reluctant to pick up stocks

    ISLAMABAD: Amid wheat harvesting season, the government has asked the Oil and Gas Regulatory Authority (Ogra) to take action against oil marketing companies (OMCs) for their reluctance to uplift petroleum products from refineries, resulting in serious supply problems...

    This is resulting in increased pressure on state-run Pakistan State Oil which is also finding it difficult to maintain its mandatory stocks at various locations across...

  • Oil marketing companies blame energy ministry for fuel shortage

    ISLAMABAD: After regulatory bodies reacted to public complaints regarding fuel shortage in the country, oil companies on Thursday turned the tables on government blaming the Ministry of Energy for lack of oversight...

    The Competition Commission of Pakistan (CCP) initiated an enquiry in to the fuel shortage in various parts of the country after the Economic Coordination Committee (ECC) took notice of the issue...

  • Ten big energy companies vow to fight climate change

    PARIS: Ten of the world’s leading oil and gas companies vowed Friday to help fight climate change, notably by shifting towards cleaner natural gas, but their promise was dismissed by Greenpeace as a public relations ploy...

    “We are committed to playing our part,” chief executives of the 10 companies in the Oil and Gas Climate Initiative said in a joint statement, adding that they “recognise” the goal of limiting the global average...

  • Ogra, oil companies at loggerheads over ban on retail network expansion

    ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) is at loggerheads with a group of 13 leading oil marketing companies (OMCs) over massive storage capacity shortfalls and the expansion of retail networks...

    The directive came following the historic supply chain disruption of January 2015 that caused serious logistical problems across the country, leading to the removal of top 10 government and industry officials...

  • ICC Test Rankings: Pakistan trio maintain top ten spots

    Pakistan middle-order batsman Younis Khan has dropped to the eighth position and skipper Misbah-Ul-Haq has maintained the 10th position in the latest ICC Test player rankings released on Tuesday...

    Younis scored 302 runs while Misbah piled up 352 runs in the recent three-Test series against England in the UAE, which Pakistan won 2-0...

  • Pakistan to start ‘soft-marketing’ state airline sale in June

    LONDON: The government will begin the marketing process next month to sell a 49 per cent stake in Pakistan International Airlines (PIA) and plans to list shares in several power utility firms this year, privatisation minister Mohammad Zubair said on Monday...

    “We are going to start the soft marketing in June,” Mr Zubair told Reuters, in an interview on the sidelines of an investment conference organised by Renaissance Capital...

  • The numbers game: State of sports marketing in Pakistan, India

    KOLKATA: Pakistan has trailed its eastern neighbour in corporatising sports and roping in sponsors, says a top sports marketer in the country who blames its various federations and the government in equal measure for this...

    “Sponsorship in sports is still a far cry in Pakistan,” rues Naveed Haider Khan, marketing consultant to Pakistan Football Federation (PFF), which has had some success in hosting foreign teams in recent times... ...

  • Pakistan boxers bag ten medals in Iran’s Peace Cup

    KARACHI: Pakistan fetched 10 medals — one gold, two silver and seven bronze — in the five-nation Peace Cup international boxing tournament which concluded at Zahidan, Iran the other day...

    According to officials, besides Pakistan teams from Uzbekistan, Tajikistan, Afghanistan, and two teams from the hosts Iran participated in the contest...

  • Pakistan cricket requires ten years to come on right track, says Mudassar

    LAHORE: Former Test all-rounder Mudassar Nazar, who was recently appointed Director Academies by the Pakistan Cricket Board, says it will take ten years to resurrect Pakistan cricket which is now touching its lowest ebb, especially in the shorter versions of the game...

    In his maiden press conference at the PCB headquarters here on Thursday, Mudassar while replying to a question said: “I think it will take ten years to bring Pakistan...

  • Mango — best marketing practices

    PAKISTAN is the fifth largest producer and the fourth-biggest exporter of different varieties of mangoes...

    Mango marketing is in private hands and the role of the public sector is to provide an enabling environment: provision of physical infrastructure, regulatory measures, market intelligence and market promotion...

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