Flames from a gas stove. — Reuters/File Implementation involves a cap of 100 million cubic feet of gas to be sold to the private sector. Circular debt must be reduced through timely advance payments to E&P companies. The notified decision of the government has virtually liberalized the upstream oil and gas sector. ISLAMABAD: The monopoly … Read more
Brokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, October 17, 2024. — PPI The market opened the week in the red and fell 1.13% at the end of the session. The KSE-100 index fell 1,331.86 points, closing at 116,255.12. The intraday high of 118,735.09 reversed to hit the low … Read more
An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more
A flare stack burns excess natural gas in an exploration field. — Reuters/File Pakistan Oilfields Limited (POL) has raised objections to a proposed gas sales agreement without a tender process between a Hungarian gas company and a private company at the Razgir field in Kohat which owns 65% of the state-owned entities ( state enterprises). … Read more