Author: Admin

PPL’S 73rd Annual General Meeting approves 25% Cash Dividend

Admin
PPL-Project

Karachi, October 25, 2024: Pakistan Petroleum Limited (PPL) held its 73rd Annual General Meeting (AGM) at a local hotel in Karachi, where shareholders approved the financial statements for the fiscal year ending June 30, 2024, along with the auditor’s report. A final cash dividend of 25% on ordinary shares was also ratified, bringing the total dividend for the year to 60%. The meeting was chaired by Mr. Shahab Rizvi, Chairman of the PPL Board of Directors, who expressed his gratitude to the shareholders for their continued trust and support. He…

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Experts Warn of Biased Decision-Making in Pakistan’s Oil Industry

Admin
oil and gas

Pakistan’s oil industry is raising red flags over potential conflicts of interest and biased decision-making. The Ministry of Energy’s Petroleum Division is attempting to deploy officials from state-owned enterprises (SOEs) in key government departments, despite a 2020 directive calling for their repatriation due to risks of undermining impartiality ¹. Concerns Over SOE Dominance Experts warn that this move could cripple the already struggling energy sector. Officials from SOEs like Oil and Gas Development Company Limited (OGDCL) and Inter State Gas Systems (ISGS) are being placed in technical wings of the…

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Federal, Sindh govts agree to construct M6 highway from Karachi to Sukkur instead of from Hyderabad to Sukkur.

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Murad-Ali

KARACHI (Oct 24): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister of Communication Aleem Khan, during their meeting at CM House, agreed to build a M6 Motorway not from Hyderabad to Sukkur but from Karachi to Sukkur via Hyderabad. They agreed to explore the possibility of constructing the motorway through a Public-Private Partnership (PPP) or a consortium to be formed by the provincial and federal governments. The CM said that his team would study the options and ways to make this happen. This emerged in a meeting held…

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Minister Leghari Seeks Enhanced Energy Cooperation with Power China and Energy China

Admin
01-Project

Federal Minister for Power, Sardar Awais ahmad Khan Leghari, held separate meetings with Mr. Yao Huan, Vice-President of Power China and Mr. Ni Zhen Deputy Secretary of the Party Committee and General Manager of the Energy China on the sidelines of the Third Belt & Road Ministerial Conference in Qingdao, China. During these meetings, the Federal Minister engaged in fruitful discussions aimed at strengthening energy cooperation between Pakistan and these leading Chinese energy companies. Recalling historic visit of Premier Li Qiang to Pakistan, Minister for Power conveyed Pakistan’s desire to…

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KCCI appeals Govt to notify six working days to uplift economy, facilitate trade & industry

Admin
KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has appealed the government to immediately reinstate six working days for federal and provincial governments and all their relevant authorities, institutions, and departments to uplift the economy and facilitate trade and industry.In a letter sent to Prime Minister Shehbaz Sharif, President KCCI stated that since 2011, the business & industrial community has constantly been facing a lot of hardships due to additional weekly holidays every Saturday being observed by the ministries, government departments, State Bank of Pakistan, Federal…

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