Beyond The Time News

Minerals investment forum in April

ISLAMABAD: Petro­le­­um Minister Ali Pervaiz Malik has formally invited global stakeholders to participate in the Pakistan Minerals Investment Forum to be held in April. He is currently representing Pakistan at the Future Minerals Forum (FMF) in Riyadh, where he participated in high-level discussions showcasing Pakistan’s immense mineral potential to the world. The minister took part…

Exploration firms protest Rs1.5tr gas dues

ISLAMABAD: The upstream oil and gas exploration and production companies have lodged a strong protest against the state-owned Sui Southern Gas Company Ltd and Sui Northern Gas Pipeline Ltd for defaulting on more than Rs1.5 trillion in overdue payments. Pakistan Petroleum Exploration and Production Companies Association (PPEPCA), in a letter to the Petroleum Division, said…

Backdated CPP gas levy unlawful, rules SHC

KARACHI: The Sindh High Court has ruled that the collection of a levy imposed on gas supply to industrial captive power plants (CPPs) with retrospective effect was ultra vires (beyond legal authority) the relevant law. The court also observed that the levy on CPPs could not take effect immediately upon the promulgation of the law,…

Govt borrows Rs1.19tr in 1HFY26

KARACHI: Despite a 10 per cent year-on-year increase in revenue collection, the government borrowed net Rs1.192 trillion from scheduled banks in the first half of the current fiscal year against retirement of Rs1.255tr in the same period last year. The Federal Board of Revenue (FBR) collected Rs6.159 trillion during July-December FY26 against the target of…

Balochistan’s security, development reviewed

QUETTA: The 21st meeting of the State Defence Conference was held here on Saturday under the joint chairmanship of Balochistan Chief Minister Mir Sarfraz Bugti and Corps Commander Balochistan Lieutenant General Rahat Naseem Ahmed Khan. Speaking at the gathering, also known as the ‘Hardening of the State Conference’, CM Bugti said the conference had been…