Tag: supply
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National Refinery halts fuel supply to Pakistan State Oil over unpaid dues
The National Refinery Limited (NRL) has decided to suspend the supply of fuel to Pakistan State Oil (PSO) due to the state-owned oil marketing company’s failure to make payments to the refinery. PSO has encountered a severe financial crisis, leading to outstanding payments owed to various sectors as a result of the supply of petroleum…
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Punjab Flour Mills Association declares indefinite strike from today, halts flour supply
The Punjab Flour Mills Association has declared an indefinite strike from today, disrupting the supply of flour to the market from February 14th. The strike is a response to the suspension of wheat quotas for over 100 flour mills by the Punjab Food Department. The ongoing differences between the Flour Mills Association and the Food…
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Gas supply to industrial sites suspended for two days
The gas crisis has grown worse in the economic hub of Pakistan.
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Pakistan has sufficient petrol and diesel to meet domestic demand: Petroleum Division
The Petroleum Division said on Tuesday that the country has sufficient petrol and High-Speed Diesel (HSD) in stock to meet domestic demand after allowing Oil Marketing Companies (OMCs) to recover Rs10 per litre on HSD for the next two months (November-December 2022) by raising the premium limit to $15 per barrel. The OCAC had cautioned…
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Oil industry warns OGRA of looming petrol, diesel shortage
Due to limited imports and constrained domestic supplies, the oil industry has warned the government that the country may witness a shortage of petrol and high-speed diesel (HSD) in the upcoming days. The Oil & Gas Regulatory Authority (OGRA) has been written about the shortfall by the Oil Companies Advisory Council (OCAC), an organisation that…
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CNG stations in Punjab, KP to remain shut till March 2023
CNG stations in Punjab and KP will stop operating from November 2022 to March 2023 as the gas crisis increases as a result of the lack of required LNG during the winter. While the government is obligated to purchase 12 LNG cargoes each month, Pakistan LNG Limited (PLL) has been unable to do so; as…
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Lahore-based frozen food facility to supply beef products to McDonald’s
Major meat exporter Al-Shaheer Corporation Limited (ASC) revealed on Tuesday that it had signed a business connection deal with McDonald’s Pakistan for the supply of beef products, making it the first-ever Pakistani company to do so. According to Brecorder, the company said that the beef products would be delivered through its Lahore-based plant for frozen…
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Vegetable prices soar amid low supply due to floods
Extreme flooding has hampered the supply of perishable items from agricultural areas, driving up the prices of onions and tomatoes in city markets. While tomatoes cost Rs400-450 per kilogramme (kg), onions cost Rs350-400 per kg. Onion prices rose by Rs75 per kg week over week in the official rate list, while tomato prices rose by…
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Pakistan’s exports grew 25% in the last nine months
Pakistan’s exports increased by 17.3 per cent in March 2021 to $2.773 billion, up from $2.365 billion in March 2021 and 25 per cent in the last nine months. The Prime Minister’s Adviser on Commerce and Investment, Abdul Razak Dawood, said that exports increased by 25 per cent to $23.332 billion in the July-March fiscal…