Stories from Zafar Bhutta
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CAA to get $1.36b in upfront fee
Outsourcing of key airports to generate fee for aviation authority over 15 years
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Cabinet members split over free electricity supply
Power Division seeks approval for halting facility, giving monetisation allowance
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Sindh, K-P to pay more for gas
Export industries of Punjab will get cheaper blend of local gas and LNG
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KE consumers brace for Rs3.2 per unit hike
Company asks for increase in electricity price under quarterly adjustment
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ECC members oppose new benchmark loan rate
Power Division proposes transition from Libor to SOFR for power project loans
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PRL clinches long-term oil supply deal with Russia
Also inks agreement for refinery expansion with China’s UEG that will invest $1.5b
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Plan for G2G oil deal with Russia shelved
Govt allows refineries to enter into direct commercial contracts with Russian firms
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Roosevelt Hotel may be declared cultural heritage
Will be given this status after 100 years since its construction
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Common man finally gets some relief
Govt reduces petrol price by Rs40 per liter, effective today
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Rs34 fall in petrol price likely
Final decision rests with govt that may instead resort to tax adjustments