Live Breaking News & Updates on சிறைப்பிடிக்கப்பட்டவர் பவர்

Stay updated with breaking news from சிறைப்பிடிக்கப்பட்டவர் பவர். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Storm brewing against Pakistan Steam Gas Pipeline


Storm brewing against Pakistan Steam Gas Pipeline
July 28, 2021
ISLAMABAD: In a shocking development, Pakistan has asked Russia that it has no money to fully fund its 74 percent shareholding in the $3 billion project of Pakistan Steam Gas Pipeline (PSGP) and asked Moscow to raise debt financing up to $1.4 billion against its shareholding for the project raising eyebrows of many if the huge amount of Rs 295 billion ($1.83 billion) collected in the head of GIDC (gas infrastructure development cess) by Finance Ministry till August 2020 has been utilized by the government.
So much so that Pakistan also asked Russia to jack up its shareholding maximum up to 49 percent from 26 percent showing that Islamabad does not have the required amount to finance its own shareholding of 74 percent. This develops a strong impression if the government that collected over Rs385 billion has utilized the GIDC amount either in budget financing?. ....

Waqar Masood Khan , Tanwar Shaikh , Tabish Gauhar , Petroleum Division , Cabinet Committee On Energy , Petroleum Dr Arshad Mahmood , Centre For Operational Services , Ministry Of Defense , Ministry Of Energy , Energy Ministry , Supreme Court , Purpose Company , Division Of Pakistan , Petroleum Tabish Gauhar , International Financial Institutions , Ministry Of Energy Russia , Petroleum Division Sui Companies , Pakistan Steam Gas Pipeline , Finance Ministry , Inter State Gas System , Federal Energy Minister , Hammad Azhar , Account Number , Captive Power , Pakistan Stream Gas Pipeline , Cabinet Committee ,

Pakistan Stream Gas Pipeline: Pakistan wants Russia to increase shareholding up to 49pc


July 28, 2021
ISLAMABAD: In a shocking development, Pakistan has asked Russia that it has no money to fully fund its 74 percent shareholding in the $3 billion project of Pakistan Steam Gas Pipeline (PSGP) and asked Moscow to raise debt financing up to $1.4 billion against its shareholding for the project raising eyebrows of many if the huge amount of Rs 295 billion ($1.83 billion) collected in the head of GIDC (gas infrastructure development cess) by Finance Ministry till August 2020 has been utilized by the government.
So much so that Pakistan also asked Russia to jack up its shareholding maximum up to 49 percent from 26 percent showing that Islamabad does not have the required amount to finance its own shareholding of 74 percent. This develops a strong impression if the government that collected over Rs385 billion has utilized the GIDC amount either in budget financing?. ....

Waqar Masood Khan , Tanwar Shaikh , Tabish Gauhar , Petroleum Division , Cabinet Committee On Energy , Petroleum Dr Arshad Mahmood , Centre For Operational Services , Ministry Of Defense , Ministry Of Energy , Energy Ministry , Supreme Court , Purpose Company , Division Of Pakistan , Petroleum Tabish Gauhar , International Financial Institutions , Ministry Of Energy Russia , Petroleum Division Sui Companies , Pakistan Steam Gas Pipeline , Finance Ministry , Inter State Gas System , Federal Energy Minister , Hammad Azhar , Account Number , Captive Power , Pakistan Stream Gas Pipeline , Cabinet Committee ,