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Local LPG producers seek level playing field

Pakistan Petroleum Exploration and Production Companies Association, a body of local LPG producers, has urged the govt to provide level playing field. ....

Petroleum Division , Pak Arab Refinery Limited Parco , Pakistan Petroleum Exploration , Petroleum Levy , Pakistan Petroleum Limited , Gas Development Company , Petroleum Concession , Production Companies Association , Petroleum Development Levy , Pakistan Refinery Limited , Gas Regulatory Authority Ogra , Government Holdings Private Limited , Petroleum Exploration , Federal Board , Director General Petroleum Concession , General Sales Tax , Pak Arab Refinery Limited , Government Holdings , Gas Regulatory Authority , பெட்ரோலியம் பிரிவு , பக் அரபு சுத்திகரிப்பு நிலையம் வரையறுக்கப்பட்டவை பார்கோ , பாக்கிஸ்தான் பெட்ரோலியம் ஆய்வு , பெட்ரோலியம் வசூல் செய்தல் , பாக்கிஸ்தான் பெட்ரோலியம் வரையறுக்கப்பட்டவை , வாயு வளர்ச்சி நிறுவனம் , பெட்ரோலியம் சலுகை ,

Gas production from Benari started

Gas production from Benari started
Business
May 5, 2021
KARACHI: Pakistan Petroleum Limited (PPL) has commenced commercial gas production from Benari Development and Production Lease (Benari D&PL) in Shah Bandar Block with effect from May 3, 2021, a bourse filing said on Tuesday.
The block is located in districts Thatta and Sujawal, Sindh and lies in the southernmost part of the Lower Indus basin.
Benari X-1 well in Benari D&PL is the first exploratory well drilled in Shah Bandar block, which is operated by Pakistan Petroleum Limited (PPL) with 63 percent working interest (WI) along with its joint venture partners, Mari Petroleum Company Limited (MPCL) having 32 percent WI, Sindh Energy Holding Company Limited (SEHCL) and Government Holdings Private Limited (GHPL) with 2.5 percent WI each, it said. ....

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Govt to privatise 44 entities by 2025

Govt to privatise 44 entities by 2025
IMF-backed report reviews 84 commercial state-owned enterprises
Moreover, the sum of losses of top-10 loss-making SOEs contributes around 90% to the total losses of SOEs portfolio each year. PHOTO: FILE
ISLAMABAD:
The International Monetary Fund (IMF)-backed first review of Pakistan’s bleeding public sector enterprises has identified 44 entities for privatisation, including the power companies that are causing big losses, despite a 50% reduction in losses in the first year of current government.
The review of 84 commercial state-owned enterprises (SOEs) has been completed as part of the structural benchmarks set by the IMF and supported by the World Bank and the Asian Development Bank (ADB), according to the “SOEs Triage: Reforms and Way Forward” report that the Ministry of Finance released on Thursday. ....

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ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams

ECC approves issuance of $500 mln Eurobonds to finance Diamer Basha, Mohmand dams
Published On
The ECC approved amendments in the Master Plan for establishing five terminals
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Federal Cabinet Thursday approved the Ministry of Water Resources’ proposal in principle for the issuance of WAPDA’s debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand dams.
The ECC, which met with Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh in the chair, directed for working out modalities for the issuance of the bonds in consultation with the Finance Division and the State Bank of Pakistan (SBP), according to a Finance Ministry press release. ....

North West Frontier , Diamer Basha , Azam Khan Swati , Abdul Razak Dawood , Tabish Gauhar , Faisal Vawda , Mohammad Mian Soomro , Abdul Hafeez Sheikh , Reza Baqir , Ministry Of Water Resource , Ministry Of Energy Petroleum Division , Ministry Of Maritime Affairs , Economic Coordination Committee , Petroleum Nadeem Babar , Pakistan Credit Guarantee Company , Ministry Of Industries , Sui Northern Gas Pipelines Ltd , Public Sector Development Programme , Government Holdings Private Limited , Energy Omar Ayub , World Bank , Sustainable Goals Achievement Programme , Inter State Gas Systems Pvt Limited , Ministry Of Energy , Ministry Of Housing , Ministry Of Planning ,

ECC Allows WAPDA to Issue $500 Million Eurobonds

ECC Allows WAPDA to Issue $500 Million Eurobonds
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Sheikh, chaired the meeting of the Economic Coordination Committee (ECC) today.
Ministry of Water Resources presented a summary for the issuance of Water and Power Development Authority’s (WAPDA) debut $500 million Eurobonds to arrange finances for Diamer Basha and Mohmand Dams.
The ECC approved the issuance of $500 million Eurobonds and directed the Minister of Water Resources to work out the modalities in consultation with the Finance Division and the State Bank of Pakistan (SBP).
Ministry of Planning, Development, and Special Initiatives presented a detailed presentation on Karachi Transformation Plan (KTP) before ECC. The forum discussed the plan thoroughly and endorsed, in principle, with the direction to secure approval from all relevant quarters before submission to Cabinet. The Chair directed to follow all codal formalities regarding various compone ....

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