Hafeez Shaikh holds meeting to review various energy sector issues

News Image

By MG News | February 20, 2020 at 03:30 PM GMT+05:00

0:00

February 20, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired a meeting at the Finance Division to review various energy sector issues that were pending between the Federal Government and the Government of Balochistan for many years.

Balochistan Government was represented by Secretary Energy Department Balochistan, and Federal Government was represented by the Minister for Energy and the Adviser to the PM on Petroleum. There were other members of the Ministry of Inter-Provincial Coordination.

In the meeting, various issues regarding the extension of lease of gas fields of Balochistan, rights, and share of Government of Balochistan in the new and old oil and gas exploration business, rationalization of gas tariff for the local population, gas allocation to power plants and the creation of training fund for Balochistan were discussed. For creating a training fund, it was decided that the matter shall be resolved within a fortnight.

After discussion on the other issues, the Adviser decided that the representatives from the Government of Balochistan and the relevant Federal Ministers should hold further meetings with representatives of the Law Division among them for expert advice and firm up proposals with consensus that could benefit both the Federal and Provincial Governments without violating the spirit of the18th Constitutional Amendment and the interests of any private party involved in the business. The groups are expected to hold meetings within a month to firm up appropriate proposals for submission before the competent forum for final approval.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,055.00 109,565.00
107,195.00
570.00
0.53%
BRENT CRUDE 66.72 67.20
65.92
-0.08
-0.12%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.97 65.82
64.50
-0.55
-0.84%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management


June 30, 2025 at 10:08 PM GMT+05:00

SBP’s March FX intervention stands at $860m



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg