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 170,847.50
45.87M
1.38%
2327.56
ALLSHR 101,760.43
79.62M
1.43%
1432.74
KSE30 51,704.08
28.78M
1.54%
785.71
KMI30 247,297.15
22.76M
1.50%
3649.65
KMIALLSHR 66,475.70
43.38M
1.40%
920.33
BKTi 47,053.68
9.39M
1.49%
692.14
OGTi 35,251.89
5.63M
2.55%
875.45
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 75,100.00 75,580.00
74,570.00
-75.00
-0.10%
BRENT CRUDE 95.01 95.29
94.43
0.08
0.08%
RICHARDS BAY COAL MONTHLY 103.25 103.25
103.25
-0.60
-0.58%
ROTTERDAM COAL MONTHLY 103.50 103.50
103.50
-0.50
-0.48%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 91.75 91.87
90.52
0.46
0.50%
SUGAR #11 WORLD 13.50 14.03
13.48
-0.38
-2.74%

Chart of the Day


Latest News
April 16, 2026 at 09:43 AM GMT+05:00

LSMI output rises 6.45% YoY during Feb’26


April 16, 2026 at 09:23 AM GMT+05:00

Asia markets rally, Nikkei hits record high


April 16, 2026 at 09:22 AM GMT+05:00

SBP receives $2bn from Saudi Arabia


April 16, 2026 at 09:18 AM GMT+05:00

OGDC brings Baragzai X-1 well into production



Top 5 things to watch in this week

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