Day: February 7, 2020

Karachi, February 7, 2020: Pakistan Petroleum Limited (PPL), as part of its Corporate Social Responsibility programme, provided financial support to the tune of Rs. 8.245 million for provision of quality healthcare for disadvantaged communities residing around its operated Kandhkot and Adhi fields in Sindh and Punjab, respectively. Actg Chief Community Development Kamran Sher presented the cheque for Rs 6.5 million to President Al Shifa Trust Eye Hospital (ASTEH) (Retd.) Major General Rehmat Khan on February 7 in Rawalpindi for purchasing a phacoemulsification machine ─ a state-of-the-art ophthalmic surgical equipment─ for ASTEH, Sukkur. Similar equipment was…

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One of the anticipated things on the bucket list during Prime Minister Imran Khan’s recent visit to Malaysia was the offer in OGDC’s stake sale. While nothing of the sort has been reported so far, and no intimations have been made in the recent meeting of the two premiers, chances of Malaysian energy giant entering Pakistan have been voiced officially and unofficially. The government of Pakistan has invited Malaysian oil and gas companies to participate in the auction of 18 fresh oil and gas blocks being offered to foreign investors…

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Pakistan has requested the International Monetary Fund to relax the condition of immediate increase in electricity tariffs due to an already double-digit inflation and unfavourable political conditions. Pakistan has requested the International Monetary Fund to relax the condition of immediate increase in electricity tariffs due to an already double-digit inflation and unfavourable political conditions. The government has assured the IMF that it would adhere to the overall circular debt reduction plan and annual revenue requirements goal despite delaying the notification, sources in the Ministry of Finance and the Ministry of…

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Denmark-based world’s leading manufacturer of wind turbines, Vestas has expressed deep interest in establishing wind turbines factory in Pakistan and has in this regard started ground work for exploring the feasibilities. Pakistan has offered various options to Denmark based company Vestas including to establish wind turbines factory in the CPEC Special Economic Zone. The matter was discussed here in a meeting of delegation of Vestas company led by Danish Ambassador Rolf Holmboe with Federal Minister for Power and Petroleum Omar Ayub Khan here Thursday. Special Assistant to the Prime Minister…

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Natural gas markets continue to chop around just above the psychologically and structurally important $1.80 level. Ultimately, this is a market that should continue to see a lot of back and forth noise, as the market simply haven’t gone anywhere of the last couple of weeks. Quite frankly, we are at extreme lows but also don’t have much in the way of demand at the same time. With that, there isn’t much for this market to do because the oversupply issue continues to be a major problem. The solution is going…

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