Percent Archives - Energy Update

91 Percent Profit From Gwadar Port Operations Goes to Chinese Company

May 7, 2023May 7, 2023 Admin

The Senate Standing Committee on Maritime Affairs was Friday apprised that 91 percent profit from Gwadar Port operations went to Chinese company whereas Pakistan’s share was only 9 percent, however maintenance/dredging of the port was the responsibility of Pakistan.

Imports of Petroleum Group Contract by 9.27pc in 7 Months

February 28, 2023February 28, 2023 Admin

The imports of the general oil bunch shrunk by 9.27 percent during the initial seven months of the ongoing monetary year (2022-23) when contrasted with the comparing time of the last year, the Pakistan Department of Insights (PBS) detailed. The complete imports of the oil bunch during JulyJanuary (2022-23) remained at $10,611.740 million, as against the imports of $11,696.009 million during a similar time of last year, as indicated by PBS information. Among petrol items, the import of oil based commodities declined by 14.73 percent, from $5,734.241 million last year…