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Tag Archives: Sindh

$282,000 worth 4,030 barrels/day: 6th gas discovery in Sanghar

KARACHI: Pakistan Petroleum Limited (PPL) and its partners have announced another gas and condensate discovery at its exploration well Faiz X-1 located in District Sanghar, Sindh. The PPL, operator of Gambat South Block with 65 per cent working interest (WI) along with its joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25 percent and 10 ... Read More »

Nawaz inaugurates 8th International Defence Exhibition, Seminar

KARACHI: Prime Minister Nawaz Sharif on Monday inaugurated the 8th International Defence Exhibition and Seminar (IDEAS) Exhibition at Expo Centre. The exhibition will remain for four days i.e. Dec-1 to Dec-4 with the theme of “Arms for Peace”. Pakistan Air Force (PAF) Chief Air Chief Marshal Tahir Rafiq Butt, Naval Chief Zakiullah, Sindh Governor Dr Ishratul Ebad Khan, Defence Minister Khawaja ... Read More »

Sindh to set up road courts to collect vehicle tax

KARACHI: The Ministry of Excise and Taxation in Sindh has decided to set courts on roads to collect vehicle tax. Sources in Excise and Taxation Department say: “The ministry has decide to set courts on roads to collect vehicle tax. The courts will be set up in the last week of the current month and magistrates will be deployed to ... Read More »

Sindh to start 49.5MW wind energy project at $133m on 680 acres for 30yrs

KARACHI: Sindh Government and Sachal Energy (Pvt) Ltd signed a deal of allotting 680 acres of land to the latter for a period of 30 years to establish 49.5MW wind energy project worth $133m at Jhimpir, Sindh. In a ceremony held at the energy department on Wednesday, Shafqan Shah on behalf of the Alternate Energy Board, Government of Sindh signed ... Read More »

50,000MW target: Sindh to start 49.5MW wind energy project at $133m

KARACHI: Sindh Government and Sachal Energy (Pvt) Ltd signed a deal of allotting 680 acres of land to the latter for a period of 30 years to establish 49.5MW wind energy project worth $133m at Jhimpir, Sindh. In a ceremony held at the energy department on Wednesday, Shafqan Shah on behalf of the Alternate Energy Board, Government of Sindh signed ... Read More »

Sindh to start 49.5MW wind energy project at $133m on 680 acres for 30yrs

KARACHI: Sindh Government and Sachal Energy (Pvt) Ltd signed a deal of allotting 680 acres of land to the latter for a period of 30 years to establish 49.5MW wind energy project worth $133m at Jhimpir, Sindh. In a ceremony held at the energy department on Wednesday, Shafqan Shah on behalf of the Alternate Energy Board, Government of Sindh signed ... Read More »

No gas for Punjab CNG stations, industries from Nov 15 to March 15

ISLAMABAD: Punjab motorists and industrialists have to face problems as there will be no gas for CNG and industrial sectors from November 15 to March 15 in the province and the federal capital as well. However, gas supply will continue in Sindh and Khyber Pakhtunkhwa as usual. This decision was taken during a meeting held under the chair of Minister for ... Read More »

Four-month gas suspension for Punjab CNG stations, industries

ISLAMABAD: Punjab motorists and industrialists have to face problems as there will be no gas for CNG and industrial sectors from November 15 to March 15 in the province and the federal capital as well. However, gas supply will continue in Sindh and Khyber Pakhtunkhwa as usual. This decision was taken during a meeting held under the chair of Minister ... Read More »

FBR to settle down low growth in provincial tax revenues

ISLAMABAD: The Federal Board of Revenue (FBR) has expectations that low growth in provincial tax revenues will settle down after witnessing an initial spurt following the devolution of sales tax collection. “The FBR was concerned over the low growth in provincial tax collection after rising substantially in the previous year, the pace of tax collection weakened in third quarter of ... Read More »

Excise Dept decides action against property tax defaulters

KARACHI: The Sindh Excise and Taxation Department has decided to take action against property tax defaulters. Arrangements have been made in this regard and it is likely that the department will start action from 17 November. An official of the Excise and Taxation Department said the high-ups were also pondering to start a fresh survey of property in Sindh to ... Read More »

Commerce Ministry mulls opening of Monabao–Khokhrapar trade route

ISLAMABAD: The Ministry of Commerce (MoC) is carrying on discussions with stakeholders on the issue of opening the trade route between Pakistan and India via Monabao –Khokhrapar. Khokhrapar is a border town situated in Tharparkar district Sindh while Munabao is a village in the Barmer District in Rajasthan bordering with Pakistan and both are situated at the distance of 322 ... Read More »

Spot rate of cotton cut by Rs50 to reach Rs5,050

KARACHI: The spot rate of cotton has further decreased by Rs50 to Rs5,050 as in the current session, around 22,000 cotton bales were sold at Rs4,900 to Rs5,250. Experts say that even Trading Corporation of Pakistan (TCP) cannot bring down the rates due to strong supply of cotton seed as cotton seed rates in Sindh are firm at Rs2,000 to ... Read More »

OGDCL makes second oil discovery in Sindh

KARACHI: Oil & Gas Development Company Limited (OGDCL) has discovered oil from its exploratory Well – Jarwar well # 1. It is located in District Tando Allah Yar, Sindh Province in NIM Block with OGDCL ownership – 95% and Government Holding (Pvt) Limited – 5%. This is the second oil discovery of OGDCL within the short span of two months. ... Read More »

Farmers reject govt raise of wheat support price at Rs1,300

ISLAMABAD: Farmers rejected wheat support at Rs1300 per 40kg for the 2014-15 crop by the government. Finance Minister Senator Mohammad Ishaq Dar increased support price of wheat at Rs1300 per 40kg for the 2014-15 crop by the government. The decision has been taken to facilitate the farmers’ community in the country, said a brief statement issued by the Finance Ministry ... Read More »

FIA widens ambit in Rs35b gold smuggling probe

KARACHI: The Federal Investigation Agency (FIA) Sindh has broaden its investigation ambit in Rs 35 billion scam and in Rs 500 million worth of gold, gems and jewellery smuggling case, it is learnt. Sources informed Customs Today that the FIA’s Corporate Crime Cell (CCC) has written a letter to the FBR authorities, seeking a list of the officials who were ... Read More »

Midday: KSE in bid to recoup losses

KARACHI: After five consecutive bearish days, Karachi Stock Exchange 100-Index Tuesday witnessed positive rally and gained 73.37 points to reach 29784.49 points with the total volume of 32,154,400 shares till midday. Earlier, benchmark KSE 100-Index took a good start and gained 142 points to reach 29853.55 stage with the total volume of 16,142,400 shares. The index observed the highest trading ... Read More »

Midday: Volatility persists as KSE sheds 61 points

KARACHI: Continuing volatility of early trading, Karachi Stock Exchange (KSE) 100-index even could not come out of the pressure till midday, shedding 61.81 points to reach 29821.29 points with the total volume of 22,187,280 shares on the first trading day on Monday. The KSE once in the morning trading plummeted to 29766 and also went up to 29927 points. In ... Read More »

Opening: KSE 100-Index remains volatile in early trading

KARACHI: Karachi Stock Exchange (KSE) 100-index remained volatile in early trading on first session of the first trading day on Monday. KSE once in the morning trading plummeted to 29776 and also went up to 29927 points. The market shed 4.15 points to reach 29878.95 points with total volume of 4,716,500 shares till 9:45am. In the previous week, benchmark KSE 100-index opened ... Read More »

Better services hallmark of Multan Port: DC Ali Malik

MULTAN:  Multan Dry Port is the one of the best ports of the country which provides best services on time to importers and exporters, said Deputy Collector Customs Multan Dry Port Muhammad Ali Malik. In an exclusive interview with Customs Today on Wednesday,  he said, “The Port provides prompt clearance of containers service as almost 95 percent consignment are cleared ... Read More »

Pakistan Petroleum makes another gas discovery in Sindh

KARACHI: Pakistan Petroleum Limited (PPL), along with Government Holdings (Private) Limited and Asia Resources Oil Limited, has announced another gas-condensate discovery in District Sanghar, Sindh. According to the country’s second largest state-run exploration and production company, this is the fourth discovery in the block at exploratory well Kinza X-1 after Wafiq, Shahdad and Sharf gas-condensate discoveries. Exploration well Kinza X-1 ... Read More »