FM urges to deal with volatile energy prices in int'l markets

News Image

MG News | September 08, 2021 at 09:30 AM GMT+05:00

0:00

September 8, 2021: Federal Minister for Finance and Revenue, Mr. Shaukat Tarin held a meeting with the Federal Minister for Energy Mr. Hammad Azhar and SAPM on Power and Petroleum Mr. Tabish Gauhar at the Finance Division, yesterday.

Secretary Power, Secretary Finance Division, and other senior officers participated in the meeting.

The finance minister urged to adopt forward planning while dealing with the volatile energy prices in international markets. He also emphasized the importance of risk hedging to dampen the impact of recent fluctuations in global prices of crude oil and petroleum products particularly due to supply-side disruptions amid the COVID-19 pandemic.

The finance minister also stressed exploring cost-effective options such as renewable sources of energy for a sustainable energy equation by reducing reliance on expensive power-producing plants in order to make the energy sector dynamic and sustainable.

While speaking on the occasion, the Federal Minister for Energy briefed the participants about the growing demand for energy, installed generation capacity, transmission capability and also outlined steps being taken for improving transmission and distribution systems for reducing costs and ensuring sustainability.

In his concluding remarks, the finance minister stated that the present government is cognizant of its obligation to fulfill energy requirements at affordable rates for electricity consumers. To this end, the Government is taking all possible measures to meet future energy demands. The finance minister assured full support and facilitation to the energy sector on the occasion.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,295.00 123,615.00
118,675.00
1765.00
1.49%
BRENT CRUDE 69.35 71.53
69.24
-1.01
-1.44%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.15 69.65
67.02
-1.30
-1.90%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg