Just in:  

You are here: Home»Fuel & Energy»Pakistan

Fuel and Energy: Pakistan


Prime Minister Nawaz Sharif will inaugurate 747 MW Guddu and 404 MW Uch II thermal power plants on April 21 and 25, 2014 respectively, official sources told Business Recorder. A team of senior officials of Water and Power Ministry has already reached Guddu power plant to finalise the arrangements for plant''s inauguration.

Pakistan Oilfields Limited (POL) on Thursday posted 9MFY14 EPS of Rs 42.71, up 17 percent from 9MFY13 EPS of Rs 36.46. Hike in earnings came from increase in company's topline, said analysts at Topline Securities. During the period under review, the added POL's topline increased by 23 percent to Rs 26.2bn versus Rs 21.4bn last year on account of higher oil and gas production, up 25 percent and 5 percent, respectively.
Prime Minister Nawaz Sharif on Thursday removed Chairman Water and Power Development Authority (Wapda) Syed Raghab Abbas Shah and appointed Zafar Mehmood, former Federal Secretary Water and Power, as Chairman. Presently, Zafar Mehmood is serving as Chairman Public Service Commission Punjab. The sources said the government was not satisfied with the performance of Chairman Wapda and received a number of complaints on the award of billions of rupees of contracts of hydropower projects in sheer violation of rules.
Federal Investigation Agency (FIA) has expanded the scope of its investigations to two more insurance companies and detained three persons in a case that involves a huge embezzlement on account of oil products' insurance; it is learnt here on Thursday. According to sources, FIA has taken into custody three persons - one from second insurance company while the two remaining persons from one of the biggest oil refineries. They said FIA had also identified two more persons, who were presently absconding, from the third insurance company.
Attock Petroleum Limited (APL) on Thursday announced 9MFY14 result where the company booked 24% YoY higher profits of Rs 3.65bn (EPS: Rs 44.00) in 9MFY14 as against earnings of Rs 2.95bn (EPS: Rs 35.50) in 9MFY13, said analysts at JS Global. They said that the result announcement came in largely in line with our EPS expectation of Rs 44.7.
The Supreme Court on Thursday directed all four provincial Advocates General to submit within two weeks a detailed report on the rights given to provinces under the 18th Constitutional Amendment. A three-member bench headed by Justice Jawwad S. Khawaja resumed the hearing of a case against Oil and Gas Companies of District Sanghar.
The Public Accounts Committee (PAC) sub-committee Thursday directed Oil and Gas Development Company (OGDCL) to submit the details pertaining to 72 vehicles given to employees of the company at throwaway prices. The committee headed by Syed Naveed Qamar examined the audit reports of Ministry of Petroleum and Natural Resources for the years 2002-03 and 2003-04.


ArrowDJIA 16,408.54 0.10
ArrowNasdaq 4,095.52 0.23
ArrowS&P 1,864.85 0.14
ArrowFTSE 6,625.25 0.62
ArrowDAX 9,409.71 0.99
ArrowCAC-40 4,431.81 0.59
ArrowNikkei 14,417.53 0.01
ArrowH.Seng 22,760.24 0.28
ArrowSensex 22,628.84 1.58

where to buy

cheap wedding dresses

online -

Buy cheap Nike Mercurials cleats at
cheap wedding dresses on - Best Online Wedding Store

Banking Review 2013

Buy direct from

China free shipping trade platform

Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln