Posts tagged as: purchase

Minimising costs: PSO saves $5m in base oil purchase

ISLAMABAD:  Pakistan State Oil (PSO) has claimed that it has saved around million by purchasing base oil directly from the manufacturers and eliminating the role of middlemen and commission agents. Earlier, a tender was floated to buy base oil through middlemen but was scrapped due to allegations of kickbacks in the process. “Now we have […]

TI writes to EOBI chief to probe purchase scam

Islamabad Taking notice of a news item published in The News on Monday, Transparency International (TI) Pakistan Tuesday urged Chairman Employees O The News International – Islamabad

TI writes to EOBI chief to probe purchase scam

Islamabad Taking notice of a news item published in The News on Monday, Transparency International (TI) Pakistan Tuesday urged Chairman Employees O The News International – Islamabad

TI writes to EOBI chief to probe purchase scam

Islamabad Taking notice of a news item published in The News on Monday, Transparency International (TI) Pakistan Tuesday urged Chairman Employees O The News International – Islamabad

TAPI pipeline: Indian and Pakistani firms sign gas purchase contract

ISLAMABAD:  State-owned energy companies from Pakistan and India have signed a ‘Gas Sales and Purchase Agreement’ with Turkmenistan’s national oil company Turkmengaz that will lead to the supply of up to 90 million cubic metres of natural gas a day (mcmd) via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Turkmen officials have said the proposed pipeline could carry […]

TAPI pipeline: Indian and Pakistani firms sign gas purchase contract

ISLAMABAD:  State-owned energy companies from Pakistan and India have signed a ‘Gas Sales and Purchase Agreement’ with Turkmenistan’s national oil company Turkmengaz that will lead to the supply of up to 90 million cubic metres of natural gas a day (mcmd) via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Turkmen officials have said the proposed pipeline could carry […]

Oil purchase: Power companies reluctant to make advance payments

ISLAMABAD:  A persistent tussle between power companies and a major oil supplier on advance payments may aggravate the energy crisis as power producers have so far been reluctant to buy petroleum products by opening letters of credit which will ensure prompt payments for oil supplies, sources say. The new mechanism, if adopted by all energy […]

Oil purchase: Power companies reluctant to make advance payments

ISLAMABAD:  A persistent tussle between power companies and a major oil supplier on advance payments may aggravate the energy crisis as power producers have so far been reluctant to buy petroleum products by opening letters of credit which will ensure prompt payments for oil supplies, sources say. The new mechanism, if adopted by all energy […]

Seeking accountability: PAC orders inquiry into Sheikh Rashid’s illegal purchase

ISLAMABAD:  The Public Account Committee (PAC) has ordered an inquiry into the illegal purchase of a Mercedes Benz coach in 2005 that can possibly implicate former information minister Sheikh Rashid and the then information secretary Shahid Rafi. The PAC, parliament’s top accountability body, took the decision after the Federal Audit’s director general (DG) revealed that […]

Scam involving Rs15b annually in transformers purchase unearthed

Islamabad A scam involving Rs15 billion every year in the buying of transformers manufactured from recycled-scrap materials and issuance of fake pr The News International – Islamabad

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