Cabinet to soon reveal gas price decision: Caretaker PM

News Image

MG News | September 15, 2023 at 11:35 AM GMT+05:00

0:00

September 15, 2023 (MLN): The Cabinet Division will soon reveal its decision about the gas price hike, as Caretaker Prime Minister Anwaarul Haq Kakar informed during a televised interview on Thursday.

"We have constituted a committee, led by the Minister of Finance, to resolve power sector issues as Pakistan is in the IMF program," he said.

He highlighted that within the first 48 hours of the caretaker setup, the government started necessary interventions for all issues related to the power sector.

Within this setup, administrative intervention is in place where necessary, including addressing power theft.

It is important to mention that the Oil and Gas Regulatory Authority (OGRA) tabled the summary of increasing gas prices to the PDM government on June 3, 2023, but no decision was made accordingly.

The caretaker government can do it but has not done so yet.

He added that the state has taken severe action regarding the crackdown on the currency market, but these measures should be consistent, and proper mechanisms should be developed.

The state will have to decide if we opt to soften illicit trade on borders and how it will cope with its economic implications.

"Our goal is to control unlawful activity while we are here," he added.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 156,158.28
199.75M
0.50%
773.77
ALLSHR 95,692.67
656.78M
0.59%
559.10
KSE30 47,716.28
100.23M
0.53%
249.29
KMI30 229,316.06
75.63M
0.73%
1670.84
KMIALLSHR 64,374.13
317.87M
0.76%
486.07
BKTi 42,116.85
57.35M
0.85%
355.07
OGTi 31,834.63
5.25M
0.68%
215.49
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,220.00 117,240.00
114,940.00
-2045.00
-1.74%
BRENT CRUDE 67.14 67.52
66.78
0.15
0.22%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.90 63.24
62.52
0.21
0.34%
SUGAR #11 WORLD 15.90 15.98
15.80
0.11
0.70%

Chart of the Day


Latest News
September 16, 2025 at 12:22 PM GMT+05:00

Saudi Riyal available at PKR 76 in open market


September 16, 2025 at 12:08 PM GMT+05:00

Pakistan consumer confidence falls to 37.7 points in September


September 16, 2025 at 12:07 PM GMT+05:00

PSX issues revised calendar for Government Ijarah Saukuk auction


September 16, 2025 at 11:50 AM GMT+05:00

Major Solar installation completed at Kohinoor Mills facility



Top 5 things to watch in this week

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