Tag: Shortage

LONDON - Major banks warned on Thursday an output loss from another oil producer after Libya would lead to global shortages and demand rationing and said OPEC needs to act quickly as the oil rally could derail economic recovery.
Goldman Sachs issued a note saying the world would not be able to cope with another Libya-style oil production outage as Brent oil prices rallied by over $8.50 a barrel to near $120 a barrel. Italian oil firm ENI, a key Libyan oil player, said the OPEC

SIALKOT - Expressing grave concern over the shortage of fertilisers, farmers have feared that there would be 50 percent reduction in the wheat yield this year. Talking to newsmen here Wednesday, local growers, Ch Mumtaz Bajwa, Ch Rehmat Hussain Bajwa, Ch Muhammad Azam, Ch Abdul Wahid, Ch Muhammad Saleem and Ch Javaid, said dealers have created the artificial shortage of fertilisers in the district's all the four tehsils, Sialkot, Daska, Sambrial and Pasrur, while wheat growers have

FAISALABAD - Food and agriculture experts are unanimous on the point that world food security can be threatened if wild relative plants' species of the crops grown by mankind are not conserved. Some of them think that climate change will bring great environmental changes, food insecurity, water shortage, terrorism, refugees, natural, economic, and social disaster and loss of biodiversity in a more dangerous fashion.
In this perspective, it is important to note that Pakistan is a

ISLAMABAD - Minister for Industries and Production Dr Ayat Ullah Durrani, on Friday, informed the Upper House of the Parliament that the government has taken timely measures to meet domestic fertiliser requirement. He claimed that sufficient fertilisers are present in the country.
He stated that the country has adequate urea stock as it is producing about 5.4 million tonnes, while the total demand is around 6.4 million tonnes. He stressed that the demand gap is being filled

KARACHI - Pakistan's ship bunker industry is on the verge of closure because of a crippling shortage of bunker fuel at the local ports, Pakistan Today has learnt. Industry sources claim the dearth is attributed to the government's untimely import of furnace oil.
The acute scarcity of bunker fuel has taken a massive toll on business conducted by bunker industry which has shrunk by 80 percent to only 5,000 metric tonnes (MT) from previous figures of 25,000 MT; a huge slump of

LAHORE - There has been no respite for CNG users despite a significant decrease in gas consumption and improvement in gas production, Pakistan Today has learnt. Talks between the Petroleum and Natural Resources Ministry and the All Pakistan CNG Association (APCNGA) also failed and two-day CNG weekly closure would continue until third week of February.
CNG stations remained closed in the city on Monday and would remain the same today (Tuesday). According to sources in the Sui

LAHORE - Gas supplies to industries and CNG stations will be restored from today and domestic users will suffer a further gas shortage, Sui Northern Gas Pipelines (SNGPL) sources told Pakistan Today. Gas supply remained suspended in the city while gas pressure for domestic users in many areas remained very low on Tuesday.
SNGPL sources said the situation will worsen for domestic users, as industry and CNG stations will be facilitated. They said domestic users were already not

ISLAMABAD - Perturbed by the consistent gas shortage in Punjab, Prime Minister Yousaf Raza Gilani has convened a meeting of gas utility companies tomorrow (Wednesday) to ask them about their load management plans.
Sources at the Petroleum Ministry said the managing directors of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) would brief the PM on the issue of gas shortage in Punjab and would give recommendations to counter them.
The sources

LAHORE - LPG prices in local market increased by around Rs 3 per kg owing to an increase by PARCO, said the LPG industry stakeholders on Thursday, while All Pakistan LPG Distributors Association Chairman Attiq Khan said that there was no shortage in the market and prices will remain stable in the future. Earlier, PARCO was selling LPG for Rs 87,000 per tonnes while other LPG producers including OGDCL and PPL were selling LPG for Rs 93,000 per tonnes, but now PARCO has also increased

ISLAMABAD - An official source has disclosed that the government is left with a meager 24,000 tonnes of urea, while local urea manufacturers are left with zero stocks as a result of the 45 days feedstock gas curtailment. In addition, urea imports from Saudi Arabia are also in doldrums.
This alarming situation came from the Fertiliser Price Review Committee (FPRC) on Tuesday and has severely threatened the country's food security. Restoration of gas to the fertilser industry is

LAHORE - The Punjab Assembly proceedings were inflicted by quorum issue again on Monday and this time the Pakistan People's party (PPP) lawmaker Shaharyar Ali Khan pointed out the quorum just before the opening of the general discussion on price hike.
Meeting after a two-day break, under the chair of the Speaker Rana Muhammad Iqbal, the proceedings started about an hour and 25 minutes late
Following the recitation of the holy Quran and a naat, PML-Q forward block MPA Dr

LAHORE - Hostelites are facing major problems due to severe cold and gas shortage including shortage of food, cold water for bathing and chilly rooms, as gas heaters have become useless, Pakistan Today has learnt. Shazia, a student, said that she was forced to eat from outside, as gas was not available in her hostel.
She said that gas shortage has proved to be an additional financial burden on her and severe cold has also decreased students' mobility, especially of females.

LAHORE - The Sui Northern Gas Pipelines Limited's (SNGPL) domestic consumers took to the streets against suspension of gas supply and blocked the main GT Road for hours on Sunday causing severe traffic problems. The SNGPL is violating the schedule it has given to domestic customers for gas availability, irking citizens at large who criticised the company for not keeping its word.
Shahdara residents reached the GT Road near the Ravi Toll Plaza and blocked it by burning tyres and

LAHORE - Lahore Health Executive District Officer (EDO) Dr Umer Farooq Baloch directed officials on Sunday to take stern action against artificial drugs shortage and point out elements involved in this heinous crime.
He said that the health department staff should fulfill their responsibilities and play a vigilant role in this regard. On directions of Punjab Health Secretary Fawad Hassan Fawad, the Health EDO issued instructions to all drug inspectors to inspect their respective

ISLAMABAD: Prime Minister Yousaf Raza Gilani has summoned a high-level meeting today (Monday) to review the issue of gas load shedding and the Punjab chief minister (CM) has been given special invitation to attend the meeting.
According to reports, Federal Minister for Petroleum Syed Naveed Qamar, Petroleum Secretary Imtiaz Qazi, Oil and Gas Development Company Limited Managing Director (MD) Naeem Malik, Sui Northern Gas Private Limited MD Faizullah Abbasi and the

ISLAMABAD: The petroleum minister has drawn a new plan to counter the petroleum products' shortage by stressing private oil marketing companies (OMC) to build more oil depots at centralised places and establish refineries in the northern parts of the country. According to official sources, the plan was made after the suspension of oil supply due to the floods in July this year.
They said the supply position at present was normal as local refineries were producing 4,000 tons of

KARACHI: Cultivators in the Sindh province are facing a severe shortage of DAP fertiliser in almost all districts. Moreover, the price of fertiliser, if available, is heavily inflated, causing further distress to local growers, Pakistan Today has learnt.
The Agriculture Department of the Sindh government has received hundreds of complaints pertaining to the acute shortage and elevated prices of DAP fertiliser in regional markets, according to well placed sources. Every year,