Tag: Minister of Energy

  • PTI finalises Hammad Azhar as its official candidate for Lahore mayorship

    PTI finalises Hammad Azhar as its official candidate for Lahore mayorship

    The ruling Pakistan Tehreek-e-Insaf (PTI) has finalised the name of current Federal Energy Minister Hammad Azhar as its official candidate for the slot of Lahore Mayor.

    A source told Business Recorder, “The party has short-listed his name that will be announced in due course of time; the party high-ups find him the fittest candidate to contest the Lahore Mayor elections. Azhar has shown willingness to give up his ministry and take part in the local bodies’ elections.”

    “Azhar has proven himself as a young energetic minister while heading important federal ministries. He is seen as a clean person full of energy,” the source added.

    Hammad has also served as the federal economic affairs minister and federal industries and production minister. He is the son of veteran politician and former Punjab Governor Mian Muhammad Azhar, thus has strong political roots in Lahore.

    Prior to this news, it was reported that the party had offered the candidacy to Punjab Health Minister Dr Yasmin Rashid.

  • Petrol strike called off after successful talks

    Petrol strike called off after successful talks

    The Pakistan Petroleum Dealers Association (PPDA) has called off a countrywide petrol strike after successful talks between the Ministry of Energy and the association.

    The government has agreed to increase the margin by Rs0.99 paisa and assured the petroleum dealers that the profits will be reviewed every six months.

    In a tweet, the Minister of Energy Hammad Azhar announced, “The talks between the Govt and petroleum dealers association has led to the strike being called off. The government will notify 0.99 paisa increase in their margins after due approval from the cabinet as per the existing summary. After 6 months we will move to percentage system up to 4.4 per cent margin.”

    Petroleum Division officials said that a summary seeking a raise of Rs0.99 or 25 per cent increase in the margin has been sent, reports Geo News.

    According to the notification by PPDA, the margin for the petrol dealers after the suggested increase will rise to Rs4.90, while for the high-speed diesel, the margin will rise to Rs4.13 after the proposed hike of Rs0.83.

    On Wednesday, the association went on a strike which caused the closing of several petrol pumps across the country.