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Editor: Tariq Sumair
 
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  Gas companies plundering poor to benefit rich: PEW
   
 
ISLAMABAD, Mar 15 (INP): The Pakistan Economy Watch (PEW) on Wednesday said gas companies are punishing masses with the help of Ogra by charging masses for the losses during gas distribution and theft. Ogra has allowed gas companies to charge masses for 4.5 percent of their losses but now the companies are trying to push up the ratio of losses to nine percent to generate more profit for their shareholders, it said. Ogra has become a tool in the hands of some of the directors of the gas companies who are also influential stockbrokers, said Dr. Murtaza Mughal, President PEW. In a statement issued here today, he said that gas companies should reduce corruption and stop penalising masses for their mismanagement. He said that enhanced ration of losses, if allowed, will hike the price of gas resulting in a wave of inflation which will hit many critical sectors of the economy. Dr. Murtaza Mughal said that almost 400 million cubic feet gas is wasted daily in the country and the same amount is imported spending billions of dollars which is unjustified as it continue to widen trade gap. He said that Ogra is been dominated by those who has put the interests of masses on the backburner and it promoting the interests of influential which has multiplied the value of share of a gas company by five times in few months. Those who have important positions in gas companies continue to blackmail government on the issue of transmission and distribution of LNG which should be stopped, he demanded. A former chairman of Ogra increased ration of losses from 4.5 percent to 6.5 percent which resulted in a NAB case and allegations of corruption of Rs 42 billion but now a bigger crime is being committed therefore it must be notices, demanded Mughal.
 
 
Today's INP Pakistan Stories
     
Pakistan to work closely with Trump Administration to strengthen bilateral relations; CPEC offers Pakistan an excellent opportunity to upgrade basic infrastructure and will bring prosperity and connectivity : Dar
News Image   WASHINGTON, Apr 26 (INP) Finance Minister Senator Ishaq Dar Tuesday said that Pakistan is looking ahead to work closely with the Trump Administration to further enhance and strengthen bilateral relations between the two countries. He commented that Pakistani Diaspora is playing an important role in acting as a bridge between Pakistan and the US to further bilateral relations. More
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Chinese FM urges voice of peace, reason over Korean Peninsula issue
News Image   ATHENS, Apr 24 (INP): Chinese Foreign Minister Wang Yi here urged all sides to make voices of peace and reason on the Korean Peninsula issue, and reiterated China's consistent and definite stand on denuclearizing the Peninsula. More
updated 12 minutes ago
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