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Pakistan’s Federal Minister for Petroleum, Ali Haider Zaidi, has revealed that fuel smuggling in the country is estimated to be around Rs 300 billion annually. In a media briefing in Islamabad, Zaidi stated that the government has already zeroed down the gas circular debt, which was a major concern for the nation’s energy sector. A committee, led by the Deputy Prime Minister, has been formed to oversee the elimination of the gas circular debt.
The federal minister emphasized that the Pakistan-Iran gas pipeline matter is currently in arbitration court, and the government is prioritizing the promotion of local energy resources. Zaidi also mentioned that Ogra had suggested increasing gas prices, but the Prime Minister’s directives were to keep it unchanged. The government has issued a directive to increase the penalty for companies selling low-quality fuel, and the oil marketing companies’ margins have been linked to the deregulation process.
When asked if any levies were being imposed on petrol and diesel to eliminate the gas circular debt, Zaidi replied that the government had already zeroed down the gas circular debt, and a committee, led by the Deputy Prime Minister, had been formed to oversee its elimination. He also stated that the gas circular debt is primarily owed by three government-owned gas-producing companies, and the remaining amount is around Rs 1,500 billion, excluding the leaping charges.
On a separate note, Additional Secretary Petroleum, Zafar Abbas, mentioned that the industry has been consulted for the upgrading of oil refineries, and Qatar and Italian companies have been appointed as consultants for the project. Instead of the usual 10 LNG cargo shipments, the country will now receive 7 shipments per month.
In other news, Field Marshal Asif Nawaz has visited the Formation’s training exercises, emphasizing the importance of preparation and innovation for future wars. He has also expressed his concern about the recent cold weather forecasted for Karachi and the northern districts of Balochistan.
The government has launched an investigation into the recent power outage in the city, and a red book has been opened at the Karachi Police station. The police have also added the Pink and Blue books to the list. The Merza Adam Khan Road in Karachi has been a neglected area for a long time, and the government has been urged to take action.
In a separate development, the Janbaz Medical and Dental College in Karachi has been shut down due to a dispute between the management and the students. The college had been established to provide medical and dental education to students from underprivileged backgrounds.
In entertainment news, up-and-coming actress Rehma Zaman is all set to tie the knot with her fiancé. The couple has been making headlines with their high-profile engagement, and fans are eagerly waiting to see the couple’s big day.
In international news, a British warship has been seized by the US authorities after a request for assistance. The ship was found to be carrying a large quantity of prohibited materials.
The government has announced a reduction in electricity prices, with a new rate of 93 rupees per unit. The reduction is expected to benefit consumers across the country.
In a separate development, the founder of the popular YouTube channel, Junaid Khan, has been arrested for allegedly making blasphemous comments. Khan has denied the allegations but has been taken into custody for further investigation.
In a shocking revelation, the Karachi Police has found a large quantity of narcotics hidden in a shipment of fruits and vegetables. The police have seized the shipment and are investigating the matter.
The writer, Fakhira, who was reported to be in critical condition, has shown significant improvement, and her ventilator has been removed. She is currently receiving oxygen support and her hemodynamics are stable.
Field Marshal Asif Nawaz has visited the Formation’s training exercises, emphasizing the importance of preparation and innovation for future wars. He has also expressed his concern about the recent cold weather forecasted for Karachi and the northern districts of Balochistan.
In a separate development, the Janbaz Medical and Dental College in Karachi has been shut down due to a dispute between the management and the students. The college had been established to provide medical and dental education to students from underprivileged backgrounds.
The government has announced a reduction in electricity prices, with a new rate of 93 rupees per unit. The reduction is expected to benefit consumers across the country.
In a shocking revelation
