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Fuel and Energy: Pakistan


Out of the total $45 billion investment in Pakistan, China will invest up to $37 billion in various energy projects while give $8 billion concessional loan for infrastructure development projects of Pak-China Economic Corridor project.

The second LNG cargo ship from Qatar is due to dock at EPTL''s LNG terminal on April 21 with the government still claiming that it has not yet signed a firm deal with Doha.
The government has disbursed the entire budgeted Rs 183 billion power sector subsidy in just eight months and there is no possibility of a further reduction in subsidy by 0.1 per cent of GDP stipulated as a prior condition in the sixth review under the Extended Fund Facility uploaded on the IMF website.
Chief Executive, Peshawar Electricity Supply Company (PESCO) held special meeting with Superintendent Engineers (SEs) Peshawar and Khyber Circle to achieve targets set by the Ministry of Water & Power and NEPRA.
A parliamentary panel on Thursday recommended the government to prefer locals for unskilled jobs in oil and gas exploration areas. The sub-committee of the Standing Committee on Petroleum and Natural Resources met here with Malik Ihtebar Khan in the chair to discuss verification of development schemes, roads funded by oil/gas exploration and production companies (through CSR and pother bonuses and royalty).
The bilateral trade between Pakistan and Denmark has inclined to 13 percent in the last year. Denmark can extend co-operation to Pakistan in energy sector this was stated by Ambassador of Denmark Jesper Moller Sorensen in a reception organized by Muhammad Iqbal, Chief Executive of Zam Zam Group.
Sindh and Khyber Pakhtunkhwa will move a summary to the Council of Common Interests (CCI) for possible imposition of Federal Excise Duty (FED) on oil, which would be payable to provinces. Sources told Business Recorder here on Thursday that the issue was discussed in a meeting among Ministry of Finance, Federal Board of Revenue (FBR) and Chief Secretary Khyber Pakhtunkhwa on imposition, collection and payment of Federal duty on Excise on Oil as per Article 161(1)(b) of Constitution.


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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
WeeklyApril 16, 2015
Reserves $16.818 bln