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Your email address will not be published.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

Govt hikes petrol, diesel prices by Rs 35 per litre

Finance Minister Ishaq Dar on Sunday announced that the federal government has…

China plans $1 billion investment in Pakistan’s medical city

President Asif Ali Zardari on Thursday invited China to invest in diverse…

Rupee continues to sink against dollar

Karachi: The Pakistani rupee’s downfall against the US dollar continued for the…