BR100 Increased By (0.78%)
BR30 Increased By (1.02%)
KSE100 Increased By (0.52%)
KSE30 Increased By (0.54%)
BECO 5.98 Increased By ▲ 0.21 (3.64%)
BML 52.70 Decreased By ▼ -0.30 (-0.57%)
BOP 34.31 Increased By ▲ 0.32 (0.94%)
CNERGY 8.13 Increased By ▲ 0.02 (0.25%)
DCL 12.25 Increased By ▲ 0.05 (0.41%)
FCCL 53.50 Increased By ▲ 0.67 (1.27%)
FCSC 5.17 Increased By ▲ 0.10 (1.97%)
FFL 18.09 Increased By ▲ 0.14 (0.78%)
FNEL 1.32 Increased By ▲ 0.03 (2.33%)
HUMNL 10.86 Decreased By ▼ -0.02 (-0.18%)
KEL 8.14 Increased By ▲ 0.12 (1.5%)
KOSM 5.50 Decreased By ▼ -0.02 (-0.36%)
MLCF 87.49 Increased By ▲ 0.98 (1.13%)
NBP 186.85 Increased By ▲ 1.69 (0.91%)
PACE 10.72 Increased By ▲ 0.14 (1.32%)
PAEL 39.92 Increased By ▲ 0.50 (1.27%)
PIAHCLA 26.20 Decreased By ▼ -0.02 (-0.08%)
PIBTL 17.02 Increased By ▲ 0.35 (2.1%)
PPL 229.99 Increased By ▲ 1.81 (0.79%)
PRL 34.88 Increased By ▲ 0.20 (0.58%)
PTC 67.07 Increased By ▲ 1.74 (2.66%)
SEARL 90.86 Increased By ▲ 0.73 (0.81%)
SSGC 26.87 Increased By ▲ 0.27 (1.02%)
TELE 8.64 Increased By ▲ 0.36 (4.35%)
THCCL 58.90 Increased By ▲ 0.40 (0.68%)
TPLP 8.65 Increased By ▲ 0.43 (5.23%)
TREET 24.68 Increased By ▲ 0.15 (0.61%)
TRG 70.02 Increased By ▲ 0.31 (0.44%)
WAVES 10.05 Increased By ▲ 0.11 (1.11%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)

The Ministry of Energy (Petroleum Division) has constituted a technical committee to oversee the assessment and containment efforts following the natural gas pocket discovered in Karachi’s Korangi Crossing area.

This was announced by TPL Properties in a notice to the Pakistan Stock Exchange (PSX).

The committee comprises representatives from Pakistan Petroleum Limited, Oil & Gas Development Company Limited and Pakistan Refinery Limited, said the company, adding that the team will ensure a swift and effective resolution.

On March 31, a mysterious fire broke out in Karachi’s Korangi Crossing area and continued raging for six days. Later, the TPL Properties confirmed the natural gas pocket as the source of the fire.

“TPL fully supports this collaborative initiative and will actively facilitate the work of the technical committee in every possible way,” read the notice to the PSX today.

The company said that it commends the proactive measures being taken and deeply appreciate the continued support of the Cantonment Board Korangi Creek, district administration and other government authorities.

“We remain committed to managing this situation with the highest sense of responsibility and transparency.

TPL will continue to coordinate closely with all relevant stakeholders to ensure a safe environment and effective resolution.“

Comments

Comments are closed for this article.

Rebirth Apr 09, 2025 04:58pm
The federal territory of Karachi, a special administrative region of Pakistan, won’t even share a single ppm of air that contains this natural gas with Sindh, forget the economic benefits of using it.
0