Move comes despite concern expressed by Finance Division

Decides to appoint two directors general for separate entities

Petroleum Division proposes issuance of Sukuk, other measures to eliminate circular debt

Blames slow and risk-averse decision-making for wheat stock depletion

Govt works on plan to run these units in partnership with private sector

US giant had partnered with Energas for setting up terminal in Pakistan

Regulator reserves ruling over CPPA’s petition for Rs1.37 per unit increase under fuel price adjustment for September

Will utilise excess capacity of terminal, help overcome gas shortage

Cabinet approves placement for one year, after which decision will be reviewed

OGRA keeps unchanged gas rates for domestic consumers, hikes prices for others