Trans-National Deals to usher development and prosperity in the county Advisor to the Ministry of Petroleum & Chairman OGDCL Mr. Zahid Muzaffar has said that the impact of trans-national deals with China, Turkmenistan, Iran and Qatar, will usher a new era of development and prosperity in the country. He invited investors to come to Pakistan and seek ensuing opportunities. He was speaking at the 8TH Pakistan Energy Forum 2016 …

  Syed Javed Anwar is a US-Pakistani entrepreneur and a successful businessman. He is the founder and CEO of Midland Energy Inc. and Petroplex Energy Inc. Besides oil, he is also in real estate and other businesses. However, all his other businesses are also related to oil one way or the other. Javed Anwar is also an avid philanthropist. He donates in millions of dollars to universities, schools, churches, mosques …

  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 …

  The airline industry is expected to have its most lucrative year 2016 in history with global profits of almost $40 billion (£30 billion), driven by a combination of cheaper oil and fuller planes. The International Air Transport Association (IATA) the trade body for airlines said its forecast for a fifth consecutive year of improving profits meant it was now a “normal business”, providing decent returns to investors after years …

  Railways and roadways are the two means of transport over the land. Roads can be built in the hilly areas also whereas railway lines cannot be laid easily. The railways have an advantage over the roadways that they can carry a large number of passengers and large and heavy loads for long distances. Also journey by train is more comfortable than by bus. Urban cities came up with the …

  While Pakistan is one of the most strategically significant countries in the region, recently inaugurated Gwadar port by Prime Minister Nawaz Sharif is set to open numerous opportunities for trade and industry and other sectors of national economy. The geo-strategic position of Pakistan is going to play a vital role in the future regional economic outlook. For China, the strategic location of Pakistan is vital in formulating its future …

  On 10th April 2016, talking to the Washington Post, Zhang Baozhong, Chairman of China Overseas Port Holding Company said that his company could spend a total of $4.5 billion on roads, power, hotels and other infrastructure for the industrial zone, which he said would be open to non-Chinese companies. The company also plans to build an international airport and power plant for Gwadar. This would be the first time …