Author: Admin

Pakistan Business Council Advises SIFC to Focus on Investment Climate Transformation

Admin
business-community

The Pakistan Business Council (PBC) has directed the Special Investment Facilitation Council (SIFC) to prioritize the transformation of Pakistan’s investment climate, especially to attract foreign direct investment (FDI). In a letter, Ehsan Malik, CEO of PBC, urged SIFC to address fragmentation within key ministries and promote long-term policy predictability. Malik emphasized the importance of learning from existing investors’ experiences, highlighting the negative impact of abrupt policy changes on previous investments. He stressed the need to restore Pakistan’s reputation for stable, long-term investment plans. Furthermore, Malik recommended focusing on FDI in…

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Engro and Dawood Hercules Corporation Agree on Restructuring Plan

Admin

In a significant development, Engro Corporation Ltd (Engro Corp) and Dawood Hercules Corporation Ltd (DH Corp) have given initial approval to a restructuring plan aimed at optimizing investment opportunities within the enterprise. The proposal, subject to final board and shareholder approvals, has been formally communicated to the PSX on Monday. This strategic restructuring aims to synergize investment efforts between Engro Corp and DH Corp, promising enhanced avenues for investment within the enterprise.

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Government of Pakistan Ministry of Energy Petroleum Division

Admin
petroleum

[ ISLAMABAD : May 06,2024 ] Press Release Federal Minister for Petroleum Dr Musadik Malik and Federal Minister for Power Awais Leghari held a meeting with Mr Martin Raiser, South Asia Regional Vice president of World Bank. Both sides exchanged their ideas regarding reforms agenda and discussed in detail the support World Bank is providing to Pakistan in form of technical assistance. Dr Musadik Malik expressed his profiund gratitude for World Bank’s consistent support for reforms in energy sector. Technical assistance from World Bank goes long way and help us…

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Gas Pressure Management Concerns Grip Gas Companies in Pakistan

Admin
gas-shortage

ISLAMABAD: Gas companies in Pakistan are facing mounting concerns over the management of natural gas flows, particularly a significant reduction of 350 million cubic feet per day (mmcfd) from local fields since the second week of March. This reduction, aimed at managing gas pressure in the pipeline distribution system, has sparked worries among exploration and production (E&P) companies about potential risks to oil and gas wells and reserves. The Energy Ministry’s senior officials disclosed that the Petroleum Division and relevant authorities are alarmed by this development. A meeting has been…

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Thar Coal’s Multi-Use Potential Gains Support from South Africa

Admin
Thar-coal

KARACHI: Minister for Energy, Planning, and Development Syed Nasir Shah unveiled insights from South African experts regarding the versatile potential of Thar Coal Block-II during a recent meeting. Experts highlighted the coal’s suitability for gasification, fertilizer production, and generating gas and diesel. However, their primary recommendation emphasized using the coal for power generation through gasification. Shah announced plans to send a delegation from the Sindh Coal Authority to China for firsthand exposure to gasification technology at the China Modern Gasification plant. This initiative aims to explore technological transfers and effective…

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