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Fuel and Energy: Pakistan


A three-day international exhibition and a conference on Energy, Oil, Gas and Power (EGO-2015) incorporating Solar Pakistan will be held at expo centre, Lahore. The 4th edition of exhibition and conference has been organized by FAKT International, Pakistan. The event is scheduled from 29th-31st May 2015 at Expo Centre, Lahore.

Pakistan State Oil (PSO) has returned to seek a total of 100,000 tonnes of gasoil with 0.5 percent sulphur content for late June delivery, double the volume it cancelled previously for May due to limited offers, traders said on Monday. PSO is seeking one 50,000-tonne cargo for June 19-24 delivery and another 50,000-tonne cargo for June 25-29 delivery through a tender.
Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the government wants to take Liquefied Natural Gas (LNG) to 1.3 Billion Cubic Feet per Day (BCFD) by the end of 2016 as it was the only solution to deal with the energy crisis in the short-run and will save $1 billion per annum.
A parliamentary panel on Monday directed the Ministry of Petroleum and Natural Resources to submit a detailed report regarding recovery cases related to Saindak Metals Limited (SML). Public Accounts Committee's sub committee examined the audit report of Ministry of Petroleum and Natural Resources for year 1996-97. The committee met with Rana Afzaal Hussain in the chair.
The launching ceremony of S.M. Jaffer & Co's new generator series FG Wilson F-series generator was held in a local hotel recently. Amin A. Feerasta Chief Operating Officer Soneri Bank was the chief guest on the occasion. Speaking on the occasion, Kaiser Kasim Ali Director, S.M. Jaffer & Co said that S.M. Jaffer & Co is a leading seller of diesel generating sets in Pakistan, was established in 1949, with its head office located in Karachi along with 9 branches nationwide.
Peshawar Electricity Supply Company (PESCO) facing more than 80 percent losses on 132 feeders while recovery is less than 10% on them. According to a spokesman of PESCO, these 132 feeders include 54 feeders of Bannu Circle, 43 feeders in Peshawar Circle, 27 feeders in Khyber Circle, 6 feeders in Hazara Circle while 1 feeder each in Mardan Circle and Swat Circle.
Operation Burq continues with zeal and according to details, different areas of Karachi were raided which includes Raees Goth in SITE from where previously local resistance was evident. KE's team along with the Federal Investigation Agency raided these previously "No-Go Areas" and with the support of the LEAs pulled down illegal PMTs along with illegal connections.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln