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ISLAMABAD:With a reported loss of over Rs40 billion due to free fall of Pakistani rupee against the US dollar, oil marketing companies (OMCs) have approached the government, asking it to lin
dunks brown k the revision in petroleum product prices with three-month letters of credit (LCs). Now, the OMCs want to link petroleum produ
air force 1 one ct prices with the actual price of imported oil based on three-month LC
nike af s, an official said, adding that the Oil and Gas Regulatory Authority (Ogra) had opposed the proposal.OMCs should open LCs based on one month, the regulator said. However, the OMCs were reluctant and wanted to link oil prices with three-month LCs. At present, the oil prices are linked with the actual price of one-month LCs opened for oil import by Pakistan State Oil (PSO).Oil prices drop on demand worries, Saudi Arabia supply pledge Yes, OMCs have approached the Petroleum Division for linking oil prices with three-month LCs and Ogra has been asked to look into it, Petroleum Division spokesperson Sher Af Ibwd 2020 marked with Indian oppression of Kashmiris
Decision-ma
jordan7 king mechanism determines the strength and capability of a state to deal with a
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green dunks When the leadership lacks clarity and consistency and is myopic in its approach on vital issues, the outcome is faulty decision-making. Likewise, if a country is facing natural and man-made disaster, what is required of the leadership is timely, bold and courageous decisions. Also, if there is an economic, political or diplomatic crisis, timely decisions made to protect the country rsquo s sovereignty, security, national interest and territorial integrity can make a difference.
