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PDL of 10% on LPG likely

Karachi: The Liquefied Petroleum Gas (LPG) policy is expected to be finalized by the Economic Coordination Committee (ECC) on Tuesday. According to Alfalah Securities, Limited Imposition of 10% of Petroleum Development Levy (PDL) is likely on LPG produced through gas processing which constitutes 58% of the total LPG production of …

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Abandoned oil depots of PSO to re-open

Karachi: The decision has been taken by the government to re-open the 4 abandoned oil storage depots of PSO that were closed in July 2008 in order to save PKR0.20 per litre of Inland Freight Equalization Margin (IFEM). These depots are located in Faqirabad, Kotla Jam, Sahiwal and Shershah areas. …

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Discovery of gas reserves in Sindh

Karachi: Reserves of over 100tcf of shale gas have been discovered in different parts of Sindh and work has been initiated in Hala, district Matiari. According to Alfalah Securities Limited, The discovery of gas reserves bodes well for the country as it faces acute shortage of gas rising and is …

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