Pakistan Turns to Diesel Imports as Aviation Fuel Demand Outpaces Local Production
Pakistan has been importing high-speed diesel (HSD) this financial year due to local refineries prioritizing diesel production over aviation fuel, which has higher national demand, industry sources said. Nearly 288,000 metric tonnes of HSD were imported in December alone the highest monthly volume this year even though December is not usually a peak demand period […]
OGDCL Receives Another Rs. 7.725 Billion from Circular Debt Settlement
Oil and Gas Development Company Limited (OGDCL) has received its seventh consecutive monthly interest payment from Power Holding (Private) Limited under the government’s Circular Debt Settlement Plan. The latest instalment of Rs. 7.725 billion brings the total interest recovered to around Rs. 54 billion. The payment is part of a government-approved plan to clear Rs. […]