Month: October 2021

The Management Association of Pakistan (MAP) has organised 36th Corporate Excellence Awards here at local hotel on Thursday. Addressing the awards ceremony, former chairman Federal Board of Revenue (FBR) Shabbar Zaidi said Pakistan is one of the countries which could achieve tremendous economic growth by reducing the size of corporate compliances. He said future of Pakistan lies on family owned companies and inheritance law should be aligned with these companies. He said businessmen should be given due respect because without it country could never made progress. MAP distributed corporate excellence…

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The Joint Technical Committee (JTC) of Pakistan and Russian on the Pak Stream Gas Pipeline (PSGP) concluded its fourth session here on Thursday, reaffirming their commitment towards the strategic project and to finalize the Share Holders Agreement (SHA) next monthThe Joint Technical Committee (JTC) of Pakistan and Russian on the Pak Stream Gas Pipeline (PSGP) concluded its fourth session here on Thursday, reaffirming their commitment towards the strategic project and to finalize the Share Holders Agreement (SHA) next month. “Both sides have reaffirmed their unequivocal commitment towards the strategic project…

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The Oil & Gas Regularity Authority (OGRA) has proposed the development of large-scale storage for petroleum products similar to India and China to absorb abrupt price hikes in international market. The petroleum industry regulator presented a proposal to this effect in the meeting of Standing Committee on Cabinet. However, industry officials and analysts believe such a project is not only economically unfeasible, but also of no practical use. Pakistan has been facing the brunt of high international crude oil prices, which touched their highest level since 2014, as the government…

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Oil and Gas Development Company Limited (OGDCL) being operator of Jandran West Exploration License with 100 percent working interest has made a gas discovery over Mughalkot Formation from its exploratory efforts at Jandran West X-1 well which is located in Kohlu District, Balochistan province. Jandran West X-1 well was spudded on 19th May 2021 as an exploratory well and drilled down to total depth of 1627 meters (measured depth) into Parh Formation. Based on the good gas shows during drilling, interpretation of open hole logs data, Drill Stem Test (DST)…

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