Govt halting expansion of domestic gas network: Hammad Azhar

News Image

MG News | October 15, 2021 at 04:26 PM GMT+05:00

0:00

October 15, 2021 (MLN): Hammad Azhar, Minister for Energy has said that the local gas reserves are depleting at a rate of 9% per annum. The government does not have a legal mechanism to collect costs of imported gas from consumers.

In a tweet, the minister said, “We have forged a consensus on a new pricing mechanism but till its legislation, govt is halting all expansion in domestic gas networks.”

Currently, the provision of piped gas to domestic households is 28% of all households, he noted.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 161,935.19
238.17M
0.80%
1277.69
ALLSHR 97,989.64
667.13M
0.80%
780.92
KSE30 49,083.13
161.85M
0.73%
357.18
KMI30 231,590.57
120.77M
0.80%
1835.48
KMIALLSHR 63,730.38
299.35M
0.65%
414.39
BKTi 44,511.26
43.60M
1.00%
442.70
OGTi 31,229.10
21.14M
1.42%
438.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 96,850.00 100,495.00
96,095.00
-1275.00
-1.30%
BRENT CRUDE 64.48 64.87
63.36
1.47
2.33%
RICHARDS BAY COAL MONTHLY 85.25 0.00
0.00
0.30
0.35%
ROTTERDAM COAL MONTHLY 96.00 96.00
95.75
0.75
0.79%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 60.22 60.65
58.71
1.53
2.61%
SUGAR #11 WORLD 14.65 14.71
14.35
0.21
1.45%

Chart of the Day


Latest News
November 14, 2025 at 04:24 PM GMT+05:00

BOP aims for 1,000 branches by 2027


November 14, 2025 at 04:16 PM GMT+05:00

PKR strengthen by 4.03 paisa against USD


November 14, 2025 at 04:08 PM GMT+05:00

PPL JV hits new gas discovery in Sawan Field


November 14, 2025 at 03:40 PM GMT+05:00

OGDCL taps new 1,100 BPD production at Pasakhi-14



Top 5 things to watch in this week

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