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Fuel and Energy: Pakistan


The Sindh government on Friday announced its strong opposition to the federal government''s decision to import LNG. Chief Minister Sindh Syed Qaim Ali Shah said the Sindh government will challenge in Supreme Court of Pakistan (SCP) the federal government''s decision to import LNG.

The government has decided to bring the standards of petroleum products in Pakistan at par with international standards, Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said.
A company of Untied Arab Emirates is planning to set up a state-of-the-art oil refinery in Khyber Pakhtunkhwa at a cost of around $500 million which will start functioning by the middle of 2016. The CEO of Xclera Resources UAE, Shaikh Muhammad Ahmed Ali Alkaitoob Alnuaimi apprised Prime Minister Muhammad Nawaz Sharif about setting up of his company in a meeting here at the PM House here on Friday.
Ambassador of Germany Dr Cyrill Nunn called on Punjab Chief Minister Shahbaz Sharif here on Friday and discussed matters of mutual interest, bilateral relations and promotion of co-operation in energy and other sectors. Talking to the German Ambassador, the CM said there were deep-rooted friendly relations between Pakistan and Germany and Germany was big trade partner of Pakistan. He said Muslim League-N government led by Prime Minister Nawaz Sharif was making sincere efforts for resolving energy crisis and it had been decided to set up three big projects for generation of 3,600 megawatt electricity in Punjab with gas.
Gul Ahmed Wind Power Ltd, a subsidiary of Gul Ahmed Energy Limited and Alternative Energy Development Board (AEDB) Friday signed government of Pakistan guarantee by achieving financial close of its 50MW wind power project. Gul Ahmed Wind Power Ltd Executive Director Danish Iqbal and AEDB Chief Executive Officer (CEO) Asjad Imtiaz Ali signed the guarantee.
Lions Club Governor Sheikh Muhammad Ibrahim welcoming the import of LNG by the government in a record time has termed it as a good omen for the economy and different industrial sectors.
After the first ever LNG ship-cum-re-gasification plant docked at the country's seashore Thursday, what is in question now is the price of gas the governments of Pakistan and Qatar are negotiating for a regular trade under the Sale Purchase Agreement (SPA).


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln