09292016Thu
Last update: Thu, 29 Sep 2016 06am

Business & Economy

Pakistan - Business & Economy

OGDCL produced Rs 520.538bn crude oil, natural gas from KP ISLAMABAD: The Oil and Gas Development Company (OGDCL) has produced around 59,692,454 bbl (barrel) crude oil, 86,482,196 mcf (million cubic feet) natural gas amounting to Rs 520.538 billion from its different operational fields of Khyber Pakhtunkhwa during last 17 years."The company produced 15,567,543 bbl crude, 29,626,201 mcf natural gas and 43,671 metric ton Liquefied Petroleum Gas (LPG) from the Chanda field, located in district Kohat of the province, during the year 2001-02 to 20015-16, worth Rs 114,049 million with its 72 percent share," officials sources told APP.From the Nashpa field of district Karak, they informed that OGDCL produced 30,847,733 bbl crude oil of Rs 266,362 million and 114,654,724 mcf natural gas of Rs 295,867 million, having 56.45 percent share, from the fiscal year 2009-10 to 2015-16.Whereas, the Mela field at Shakar Darah of district Kohat gave production of 13,269,684 bbl crude oil and 44,154,422 mcf natural gas amounting to Rs ...

Pakistan - Business & Economy

Rs64 billion unpaid utility bills to be recovered by HESCO HYDERABAD: A staggering sum of over Rs 64 billion in unpaid utility bills is owed to Hyderabad Electric Supply Company (HESCO) by its public and private consumers.According to a press release issued here on Friday, the Sindh Government and the private consumers share the biggest amount of those unpaid bills. From the total receivables, Rs 31.83 billion were against the private consumers and Rs 30.06 billion against the Sindh Government, according to the press release. ...

Pakistan - Business & Economy

French business delegation to visit Pakistan for strengthening business ties ISLAMABAD: Several French companies have shown keen interested to build new partnerships in Pakistan and to strengthen the already existing business relations in various sectors of economy.A business delegation from France would be visiting Pakistan in the first half of next year to promote and strengthen business relations, Thierry Pflimlin, President Pakistan-France Business Council, who is also Vice President, Asia Pacific Region, TOTAL informed Finance Minister Senator Mohammad Ishaq Dar during a call on meetingPflimlin ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Six ships C.V CMA CGM Corneille, M.V BBC Holland, M.V Aaron-N, M.T Ratna Blessing, M.T Gas Husky and M.T Globe Tanya carrying containers project cargo, palm oil and LPG were allotted berths at Qasim International Container Terminal, Multi Purpose Terminal, Liquid Cargo Terminal, Engro Vopak terminal and SSGC Terminal respectively on Thursday.Meanwhile four more ships C.V ER Tian Ping, M.T Bunga Angsana, M.T Navig-08 Ammolite and M.T Argent Bloom with Containers, palm oil and ...

Pakistan - Business & Economy

Over Rs200bn shifted to rural areas on Eid ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that Eid economy has been expanding in the country as over Rs 200 billion were transacted from urban centres to rural areas during the Eid-ul-Azha."The expansion of Eid economy is a very good omen for farmers and rural areas," Abdul Rauf Alam, President FPCCI said in a statement issued here.He said that some estimates suggest that around Rs 200 to Rs 300 billion ...

Pakistan - Business & Economy

Punjab govt, institutions appreciated LAHORE: Lahore Chamber of Commerce & Industry (LCCI) has appreciated the Punjab government, City District government Lahore (CDGL), Water & Sanitation Authority (WASA) and Lahore Waste Management Company (LWMC) for taking foolproof measures to keep the city clean during the Eid-ul-Azha.In a statement issued here on Thursday, the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said that said it was a matter of great satisfaction that CDGL ...

Pakistan - Business & Economy

FPCCI urges govt to help in agricultural exports to Russia ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called upon the government to extend all possible assistance and facilitation to exporters for focusing on Russia as it offered immense untapped opportunities for boosting exports of agricultural products.In a statement issued on Sunday, Vice President FPCCI Riaz Khattak said that Russian food and agricultural imports stood at US$ 43 billion during 2013 while its ban on import of food products from West and Europe ...