Rs 25 billion allocated in FY2017-18 for development of gas infrastructure

News Image

MG News | June 17, 2017 at 02:32 PM GMT+05:00

0:00

Government has allocated Rs 25 billion in the current fiscal year for development of gas infrastructure across the country, including Iran-Pakistan gas pipeline project.

“The practical work on Iran-Pakistan gas pipeline project will be started as soon as all international sanctions on Iran are completely lifted,” official sources in the Ministry of Petroleum and Natural Resources said.

They said, “A few international sanctions on Iran including ‘dollar transaction’ are causing delay in execution of the much awaited project.”

The officials said, “Pakistan is ready to complete its part of the gas pipeline within thirty months, once the sanctions on Iran are lifted.”

Related News

Name Price/Vol %Chg/NChg
KSE100 170,830.22
319.89M
-0.14%
-243.51
ALLSHR 102,922.38
808.59M
-0.19%
-197.80
KSE30 52,169.49
112.77M
-0.13%
-68.01
KMI30 242,960.31
62.27M
-0.31%
-745.44
KMIALLSHR 66,780.42
307.03M
-0.21%
-140.25
BKTi 47,435.60
66.45M
0.00%
0.50
OGTi 33,373.62
6.42M
0.72%
237.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 87,400.00 87,795.00
86,380.00
-285.00
-0.33%
BRENT CRUDE 62.28 62.73
62.02
-0.10
-0.16%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
2.40
2.71%
ROTTERDAM COAL MONTHLY 96.45 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 58.40 58.75
58.13
0.02
0.03%
SUGAR #11 WORLD 15.30 15.34
15.16
0.10
0.66%

Chart of the Day


Latest News
December 24, 2025 at 08:27 PM GMT+05:00

SBP raises over Rs1tr through PIB, T-Bill auctions


December 24, 2025 at 04:39 PM GMT+05:00

Govt completes winding-up, privatization of major SOEs


December 24, 2025 at 04:05 PM GMT+05:00

PSX Closing Bell: Slightly Off Key


December 24, 2025 at 03:33 PM GMT+05:00

Pakistan unlocks new growth frontiers in Agriculture, Tourism


December 24, 2025 at 03:30 PM GMT+05:00

PKR holds steady against USD



Top 5 things to watch in this week

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