Year: 2021

The Pakistan Red Crescent Society (PRCS) and the Oil & Gas Development Company Limited (OGDCL) have signed an MoU under which the latter will donate an X-ray machine to the Red Crescent Corona Care Hospital, Rawalpindi. The MoU was signed by PRCS Chairman Abrar ul Haq and OGDCL MD/CEO Shahid Salim Khan on behalf of their respective organizations at a ceremony held at the PRCS National Headquarters Islamabad. Speaking on the occasion, Chairman Abrar ul Haq said the PRCS has rendered remarkable services in containing the Covid-19 pandemic in the…

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The petroleum company is trying to erase its history. But with billions of rupees missing, auditors resigning, and law enforcement agencies taking unprecedented interest, that is proving to be a little difficult. It is September 2019, and Mumtaz Hasan Khan is a confident man. And why wouldn’t he be? He is the chairman of Hascol Petroleum, a company that has been doing exceptionally well over the past decade. Between 2010 and 2018, Hascol saw its topline surge by an astounding 52.7% per annum, from Rs7.9 billion to Rs234 billion. And…

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In line with increased demand, Thal Limited – a subsidiary of the House of Habib – is setting up a manufacturing plant for polypropylene woven bags in Hub with an investment of Rs1.7 billion. “Polypropylene bags are used for multiple purposes ranging from the packaging of fertiliser and sugar to finished agricultural products,” said Topline Securities Deputy Research Head Shankar Talreja. Speaking to The Express Tribune, he highlighted that fertiliser products alone generated a primary demand for 170-180 million bags of polypropylene. The cement industry also used these bags along…

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K-Electric Chairman Shan Ashary, along with board of directors member Khaqan Khan and CEO Syed Moonis Abdullah Alvi, called on Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday. The chairman briefed the finance minister about operations of K-Electric as the main power utility, which met the electricity requirement of Karachi. He apprised the minister of the challenges being faced by K-Electric during the meeting. The finance minister stated that the government was ready to extend all possible support to K-Electric for overcoming constraints and making it dynamic and…

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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has appointed an independent third-party inspector for conducting testing of gas meters of industrial and commercial gas consumers to address consumer complaints of overbilling and one-sided fines. “It is circulated for information of industrial and commercial consumers of natural gas/ RLNG that the authority in pursuance of Clause 8.2 of Natural Gas Measurement (Technical Standards) Regulations 2019 has authorised Hydrocarbon Development Institute of Pakistan (HDIP) on its behalf for witnessing inspection of gas meters,” Ogra announced on Tuesday. This inspection “may include…

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