ISLAMABAD: Ishaq Dar, Chairman of a high-level committee on oil and gas, on Monday turned down a framework proposed by the Petroleum Division for the allocation of discovered gas to third parties and categorically said that the government would not “rewrite a policy” already approved by the Council of Common Interests (CCI). The Petroleum Division … Read more
The Pakistan Telecommunication Authority (PTA) has received five proposals from international consultants to manage the upcoming 5G spectrum auction, which is expected to be completed within the ongoing fiscal year. The telecom regulator announced that it had received technical and financial bids from five international consultants: Aetha Consulting Limited, Detecon Consulting FZ-LLC, Frontier Economics Limited, … Read more
ISLAMABAD: A committee led by Deputy Prime Minister Ishaq Dar on Monday decided that the Council of Common Interests’ (CCI) decision allowing E&P companies to sell up to 35% of their gas to third parties will be fully implemented without revision. According to sources, in order to secure the investment of five billion dollars, a … Read more
Listen to article The federal government has initiated plans to reduce the current electricity tariffs through a series of proposals and measures, acknowledging the significant financial risks faced by the power sector. According to sources, the government is working on multiple strategies to rationalise electricity rates, which include reducing allocations in development budgets at both federal and … Read more