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Your email address will not be published.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

Gold price in Pakistan jumps on seasonal demand

Gold prices jumped on Friday as demand for the safe-haven metal was…

Govt likely to present budget next week

Karachi: Assuming record high markup cost due to high interest rate, the…

Cryptoverse: Bitcoin gains conflict currency credentials

On March 1, it was reported that Bitcoin leapt since Russia’s Ukraine…