Connect with us

Business

LPG prices go up by Rs50 per kg in Pakistan

Commercial cylinders are now selling for Rs12,435, up from the government-set price of Rs10,715

Published by Hussnain Bhutta

Published

on

Islamabad: The price of liquefied petroleum gas (LPG) on Monday surged by Rs50 per kilogram, announced Irfan Khokhar, Chairman of the LPG Distributors Association.

Although the Oil and Gas Regulatory Authority (OGRA) had set the official price at Rs234.60 per kg, market rates have climbed to Rs280-285 per kg.

As a result of this price increase, the cost of a domestic LPG cylinder rose by Rs600, now priced at Rs3,370.

Similarly, commercial cylinders are now selling for Rs12,435, up from the government-set price of Rs10,715.

In his statement, Khokhar accused LPG marketing companies of ignoring government-set prices and selling LPG at higher rates.

Last month, the Oil and Gas Regulatory Authority (OGRA) reduced the price of LPG. According to the notification issued by OGRA, the rates were cut by Rs3.87 to Rs234 per kilogram, with the new prices taking immediate effect.

Continue Reading

Pakistan

Law Ministry notifies appointment of 3 SC judges

The three judges who have been elevated to the Supreme Court are Chief Justice Sindh High Court (SHC) Justice Aqeel Ahmed Abbasi, Chief Justice Lahore High Court (LHC) Justice Malik Shahzad Ahmed Khan and LHC’s judge Justice Shahid Bilal Hassan

Published by Hussnain Bhutta

Published

on

Islamabad: The Ministry of Law and Justice on Monday notified the appointment of three judges of the Supreme Court.

The notification said, “In exercise of the power conferred under clause (1) of Article 177 of the Constitution of Islamic Republic of Pakistan the president is pleased to appoint Chief Justice Sindh High Court (SHC) Justice Aqeel Ahmed Abbasi, Chief Justice Lahore High Court (LHC) Justice Malik Shahzad Ahmed Khan and LHC’s judge Justice Shahid Bilal Hassan as judges of the Supreme Court (SC) with effect from the date they take oath of their offices.”

 

Continue Reading

Business

Aleem for expediting work to materializing JVs with Chines companies

The minister says other Chinese companies which have not yet signed MoUs should also be contacted by Pakistani companies so that the visit to China can be made more fruitful

Published by Hussnain Bhutta

Published

on

Islamabad: Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan on Monday said that joint ventures between Chinese companies and Pakistani business organizations must be undertaken as soon as possible for which the relevant departments should complete their homework immediately and submit a report subsequently.

A high level follow-up meeting on the Prime Minister’s recent visit to China was held under the Chairmanship of Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan and Minister for Commerce Jam Kamal Khan, said a press release.

The meeting reviewed progress on joint ventures of Chinese and Pakistani Companies and important aspects were discussed. Similarly, developments on bilateral trade issues and the status of B2B activities and MoUs were also came under discussion.

Aleem Khan further said that other Chinese companies which have not yet signed MoUs should also be contacted by Pakistani companies so that the visit to China can be made more fruitful.

Minister of Commerce Jam Kamal Khan said that Pakistani Embassy in China should conduct purposeful meetings with the business groups of both countries so that bilateral trade affairs can be further expanded.

Trade Officers of the Pakistani Embassy from Beijing, Shanghai, Shenzhen and Guangzhou briefed the meeting on the progress made so far. Officers from various ministries including Petroleum, Health, Industry, Information, Power Division and Information Technology also attended the meeting and presented their reports regarding PM’s recent visit to China.

Briefing the meeting, Secretary Board of Investment said that during the visit to China, beneficial sessions were held between 107 Pakistani and 250 Chinese business organizations and 30 MoUs were signed, which are being worked on in all respects.

Meanwhile, Abdul Aleem Khan was called on by the delegation of the American Business Council. Chief Economic Counsellor of America, John Letvin, was leading this delegation.

The minister said that the business activities are always welcome and will fully be supported especially on the platform of the American Business Council.

He said that to deal with the challenges faced by the country’s economy, equal business opportunities should be provided for which will encourage such policies that increase business volume.

 

 

Continue Reading

Trending

Take a poll