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Your email address will not be published.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

SECP issues guidelines for Islamic Financial Services

Islamabad: The Securities and Exchange Commission of Pakistan issued Guidelines for Offering…

Rupee gains 94 paisas against dollar

Islamabad: The Pakistan rupee appreciated by 94 paisa against the dollar in…

Pakistan, China agree to further strengthen high-level engagement

Pakistan and China on Wednesday agreed to further strengthen high-level dialogue and…

China tightens scrutiny of offshore listings

Shanghai: On Monday, the Chinese government announced that it would require domestic…