Government may reduce SSGC tariff by Rs 28 per mmbtu
The government is likely to reduce gas tariff by Rs 28 per mmbtu from July 2009 for the consumers of Sui Southern Gas Company Limited (SSGC). According to sources, the Petroleum Ministry has received the decision from Oil and Gas Regulatory Authority (Ogra) on the petition filed by SSGC more... (BR)
Islamic banks' move for KIBOR alternative method
Islamic banks have initiated a research to evolve an alternative method in place of Karachi Inter Bank Offer Rates (KIBOR), Chief Executive Officer (CEO), Meezan Bank, Irfan Siddiqui informed the business community on Monday. Replying to a question at the fifth meeting of Banking and Insurance Sub-Committee of Karachi Chamber of Commerce and Industry (KCCI), he said that three meetings were held in this regard, but have not finalises details more... (BR)
ECC may levy 15 percent regulatory duty on three steel products import
The Economic Co-ordination Committee (ECC) of the Cabinet, which is schedule to meet on Tuesday, is expected to levy 15 percent regulatory duty (RD) on hot rolled, cold rolled and galvanised steel products, on temporary basis, to rescue Pakistan Steel Mills (PSM) in financial crisis, sources close to Secretary Industries told Business Recorder more...