New Delhi, April 26 (IANS) The Pakistan government and its military chief, Field Marshal Asim Munir, have, as part of their propaganda campaign to woo the US, been presenting the country’s mineral wealth as a source of unlimited riches ready to be reaped at short notice, but the ground realities are far more complex.The official yearbook of Pakistan’s Ministry of Energy has long catalogued copper, gold, coal, iron ore, chromite, limestone, marble, gypsum, and gemstones as part of the country…
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Islamabad, April 25 (IANS) The Human Rights Council (HRC) of Pakistan on Saturday strongly condemned the recent increase in petroleum product prices in the country, terming it as an “economic suicide attack” on the public. The remarks came after the Pakistani government announced an increase of Pakistani Rs 26.77 in the prices of petrol and high-speed diesel (HSD) by Rs 26.77 for the next week. The revised rates took effect from Saturday, according to a notification from the Ministry of Energy (…
New Delhi, April 9 (IANS) Pakistan’s oil marketing companies are facing an acute liquidity crisis as up to Rs107 billion in unpaid price differential claims remain stuck, with industry players accusing the Oil and Gas Regulatory Authority of repeatedly shifting documentation requirements instead of clearing dues, according to an article in the local media.Industry estimates show the first claim of around Rs 27 billion, filed in mid-March, was only partially settled, while subsequent claims worth…
New Delhi, April 4 (IANS) Pakistani consumers are bearing almost half of petrol’s retail cost in the form of government levies and industry profit margins, an internal government document has revealed, coming just a day after a massive increase in the prices of both petrol and diesel was announced, a report said.According to the Geo News report, Petroleum Minister Ali Pervaiz Malik, speaking alongside Finance Minister Muhammad Aurangzeb at a press briefing, announced a Rs 137.23-per-litre rise i…