AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Board of Management of Pakistan State Oil (PSO) convened on Monday at PSO House to review the company’s performance over the first quarter period from July 2011 to September 2011. In the period under review PSO sales revenues grew to Rs. 279 billion representing a growth of 38% …
Read More »Oil and Gas Regulatory Authority inspected Complaint Centres of Gas Companies
Islamabad: Oil and Gas Regulatory Authority (OGRA) is always striving to ensure the provision of efficient services by gas companies to their consumers. In this regard OGRA has issued instructions to both Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) to attend consumer complaints regarding …
Read More »Zamzama Gas Field shutdown: CNG Stations to observe 2-day closure
Karachi: In a meeting held today between the representatives of various CNG associations and SSGC management, it was decided to close down all CNG stations in Karachi and interior Sindh for two days due to the current shutdown of Phase 1 of Zamzama Gas Field. Azim Iqbal Siddiqui, MD, SSGC …
Read More »PC appoints Lead managers for PPL Secondary Public Offering – Alfalah Securities Limited
Karachi: The Privatization Commission of Pakistan has appointed a consortium of Lead managers and book runners for the Secondary Public Offering of 2.5% government’s holding in Pakistan Petroleum Limited (PPL). According to Alfalah Securities Limited, the Commission has appointed the consortium upon receiving Expression of Interests (EoI) comprising of National …
Read More »Xenal Industries mulling to quit from Hubco – Alfalah Securities Limited
Karachi: Xenal Industries of Saudi Arabia, having an ownership stake of 140 mn shares in the Hub Power Company (Hubco), has been reported to sell its shareholding by striking a deal with large banks at a discount to its market price. According to Alfalah Securities Limited, the deal is expected …
Read More »Significant oil discovery by Mari gas – Alfalah Securities Limited
Karachi: Mari Gas Company Limited (Mari) has discovered 1,700 barrels a day crude oil with the additional potential of associated gas during the drilling of Halini Well in its operated Karak Block. According to Alfalah Securities Limited, the block is located at the boundaries of Khyber Pakhtunkhwa and Punjab provinces …
Read More »Islamabad traders reject energy conservation measures Traders hail services of outgoing body
Islamabad: Traders of Blue Area have rejected the energy conservation measures announced by the government terming it against their interests. Closure of markets amounts to economic murder of trading community therefore it will not be allowed and any such move will meet our resistance, they said. This decision was taken …
Read More »