08242016Wed
Last update: Wed, 24 Aug 2016 03pm

Industries & Sectors

Pakistan - Industries & Sectors

Gas companies to give 412,058 new connections, spend Rs71bn upgradation projects ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGL) will give 412,058 new gas connections and spend around Rs 71 billion to execute different development projects across the country during the current fiscal year."It is expected that gas will be supplied to approximately 412,058 consumers during the FY 2016-17," a senior official in the Ministry of Petroleum and Natural Resources told APP.Besides, he informed that the gas companies had planned to invest Rs 13,896 million on transmission projects, Rs 32,739 million on distribution projects and Rs 24,408 million on other projects bringing the total investment of Rs 71,043 million next year.Commenting on the companies' last year performance, the official said SNGPL and SSGCL had laid 116 kilometer gas transmission network, 1,848 kilometer distribution, 679 kilometer service lines and connected 203 villages and towns to gas network.During the period, he said the utility companies had invested ...

Pakistan - Industries & Sectors

Pakistan’s first homemade Navigation app launched Pakistan’s flourishing tech industry has launched the first locally developed digital mapping solution. Called TPL Maps, the software is developed by tracking solutions provider TPL Trakker Ltd. As per local media reports, the TPL Maps uses state-of-the-art technology, enabling users with real-time routing, live traffic updates, and providing accurate voice navigation tips throughout the journey.Ali Jameel, the CEO TPL Trakker, was of the view that the app would bring the power of Maps to Pakistan ...

Pakistan - Industries & Sectors

Over 1.8 million motorcycles produced in 11 months ISLAMABAD: As many as 1,873,491 million motorcycles were produced during the first eleven months of the fiscal year 2015-16.As compared to the production of 1,606,075 units during July-May (2014-15), the production during the period under review increased by 17 percent, according to Pakistan Bureau of Statistics (PBS).On year on year basis, the production of motorcycles increased by 11.35 percent during May 2016 as it went up to 181,358 units compared to the production of 162,868 ...

Pakistan - Industries & Sectors

PSO declares after tax profit of Rs 10.3bn in FY 16 KARACHI: The Board of Management (BoM) of Pakistan State Oil (PSO) convened at company's head office to review the performance for the fiscal year ended June 30, 2016.A statement here on Monday said that the meeting was chaired by Musadik Malik.It maintained that during the period under review, PSO continued its market leadership position with an overall market share of 56.0% (FY15: 56.8%), despite stiff market conditions. Market share of Black Oil products was 0.6% ...

Pakistan - Industries & Sectors

Rs800bn ongoing gas projects to end energy woes ISLAMABAD: The government has initiated different gas related projects worth Rs 800 billion, including setting up of LNG terminals and gas pipelines to meet energy needs of the country, a senior official in the Ministry of Petroleum and Natural Resources said Monday."By the grace of Allah Almighty, Pakistan will have surplus power due to effective policies of the present government by 2018," he told APP.He said it was the Pakistan Muslim League-Nawaz (PML-N) government that ...

Pakistan - Industries & Sectors

Call for implementing new LPG Policy LAHORE: Liquefied Petroleum Gas Association of Pakistan (LPGAP) Chairman Farooq Iftikhar here Saturday urged upon Ministry of Petroleum and Natural Resources to implement the new LPG policy announced by the government a few months ago.He elaborated that high cost of local LPG, non-implementation of new LPG policy and continuous violation of OGRA rules by importers and some LPG marketing companies had pushed law abiding marketing companies to the wall thus putting their huge investment on ...

Pakistan - Industries & Sectors

No plan to introduce E-10 gasoline in country ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said Friday there was no plan to introduce Ethanol-10 gasoline in the country.Speaking during question hour in the National Assembly, the minister said in past Pakistan State Oil (PSO) in pursuant to Economic Coordination Committee(ECC) marketed the product at 57 retail outlets in Sindh province from 2010-2012.He said the PSO discontinued marketing of E-10 gasoline due to non-availability of the fuel grade ethanol.Replying to another ...