Energy

  Pakistan uses more than dollar 15 billion for very nearly 35 percent of its imports on oil. Trade deficit have the negative effect on the economy. The Economic Monitoring Committee and State Bank of Pakistan have completely failed to decrease import volume of the country. In 2014, total commodity imports were $41.69 billion against exports of $25.15 billion, meaning a trade deficit in commodities of $16.64 billion compared with …

  Province has proven reserves of some 9 trillion natural gas; oil reserves exceed 500 million barrels Interview with Mr. Raziuddin (Razi) – CEO KPOGCL Raziuddin Razi, who is the Chief Executive Officer of Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) for one and half years having a vast experience and worked in both international and domestic energy sectors. Raziuddin, who did his MSC and MBA from Michigan and …

  Company is planning first IPO of the year Book-building process over-subscribed by 2.24 times With the completion of the second round of fund raising for the initial public offering (IPO) of the company, Hi-Tech Lubricants Limited (HTLL) is set to become the first-ever company to be listed on the recently integrated Pakistan Stock Exchange (PSX). Hi-Tech Lubricants Limited will also become the first IPO for the year 2016. The …

  Gas is not being consumed through the transport sector alone. It has been piped to households since the 1980s subject to heavy transit loss. It is even utilized to create electricity because Pakistan has steadily moved from river water to gas together with other oil-based fuels. It is utilized for industry, also particularly in the crucial fertilizer sector. Due to the imbalance of consumption in the non-industrial sector, gas …