On Friday, Hammad Azhar, Energy Minister, disclosed that the government is aimed at introducing a new pricing mechanism for billing for imported gas. All ongoing schemes would be stopped until the new legislation be approved. “Local gas reserves [are] depleting at a rate of 9pc per annum. Govt does not have a legal mechanism to collect costs of imported gas from consumers,” he tweeted.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Masdar to develop 500MW of clean energy projects in Tajikistan

MW Energy, a venture between UAE clean energy company Masdar and W…

Saudi Aramco secures 40% equity stake in Gas & Oil in Pakistan

Aramco, the leading integrated energy and chemicals company in Saudi Arabia, is…

Pakistan-IMF virtual talks remains inconclusive

The first round of talks between Pakistan and the International Monetary Fund…

Significant surge in GB tourism

More than 700,000 local and foreign tourists visited Gilgit Baltistan during this…