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Storm brewing against Pakistan Steam Gas Pipeline

Storm brewing against Pakistan Steam Gas Pipeline July 28, 2021 ISLAMABAD: In a shocking development, Pakistan has asked Russia that it has no money to fully fund its 74 percent shareholding in the $3 billion project of Pakistan Steam Gas Pipeline (PSGP) and asked Moscow to raise debt financing up to $1.4 billion against its shareholding for the project raising eyebrows of many if the huge amount of Rs 295 billion ($1.83 billion) collected in the head of GIDC (gas infrastructure development cess) by Finance Ministry till August 2020 has been utilized by the government. So much so that Pakistan also asked Russia to jack up its shareholding maximum up to 49 percent from 26 percent showing that Islamabad does not have the required amount to finance its own shareholding of 74 percent. This develops a strong impression if the government that collected over Rs385 billion has utilized the GIDC amount either in budget financing?.

Waqar masood khanTanwar shaikhTabish gauharPetroleum divisionCabinet committee on energyPetroleum dr arshad mahmoodCentre for operational servicesMinistry of defenseMinistry of energyEnergy ministrySupreme courtPurpose companyDivision of pakistanPetroleum tabish gauharInternational financial institutionsMinistry of energy russia

Pakistan Stream Gas Pipeline: Pakistan wants Russia to increase shareholding up to 49pc

July 28, 2021 ISLAMABAD: In a shocking development, Pakistan has asked Russia that it has no money to fully fund its 74 percent shareholding in the $3 billion project of Pakistan Steam Gas Pipeline (PSGP) and asked Moscow to raise debt financing up to $1.4 billion against its shareholding for the project raising eyebrows of many if the huge amount of Rs 295 billion ($1.83 billion) collected in the head of GIDC (gas infrastructure development cess) by Finance Ministry till August 2020 has been utilized by the government. So much so that Pakistan also asked Russia to jack up its shareholding maximum up to 49 percent from 26 percent showing that Islamabad does not have the required amount to finance its own shareholding of 74 percent. This develops a strong impression if the government that collected over Rs385 billion has utilized the GIDC amount either in budget financing?.

Waqar masood khanTanwar shaikhTabish gauharPetroleum divisionCabinet committee on energyPetroleum dr arshad mahmoodCentre for operational servicesMinistry of defenseMinistry of energyEnergy ministrySupreme courtPurpose companyDivision of pakistanPetroleum tabish gauharInternational financial institutionsMinistry of energy russia

Pakistan, Russia Ink Agreement on PakStream Gas Pipeline

Pakistan, Russia Ink Agreement on PakStream Gas Pipeline
newsweekpakistan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweekpakistan.com Daily Mail and Mail on Sunday newspapers.

Gas infrastructure development cessMoscow pakstreamPakstream gas pipelinePort qasimEnergy minister hammad azharPakstream limitedInter state gas systemSui gasவாயு உள்கட்டமைப்பு வளர்ச்சி சிஇஎஸ்எஸ்போர்த் கேஸிம்இடை நிலை வாயு அமைப்புஸூயீ வாயு

Pakistan, Russia cut deal on pipeline project

Pakistan, Russia cut deal on pipeline project
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

Nikolai shulginovGas infrastructure development cessDevelopment deputyRussian ministry of energyDepartment of foreign economic cooperationPakistan ministry of energy petroleum divisionRussian energyPstream gasEnergy minister hammad azharPakstream gasHammad azharForeign economic cooperationFuel markets development deputy directorPakstream limitedInter state gas systemRussian federation shafqat ali khan

Pakistan Stream Gas Pipeline Project: Pak-Russia talks on shareholders agreement begin

July 13, 2021 ISLAMABAD: A 12-member Russian delegation headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, on Monday arrived in Islamabad for the critical make or break talks on Pakistan Stream Gas Pipeline Project (PSGPP). Both sides held preliminary talks in the afternoon. However from today (Tuesday) they will start formal talks on shareholders’ agreement and Heads of Terms till Thursday. The “Pakistan side headed by Secretary Petroleum Dr Arshad Mehmood, informed the Russian team in the preliminary session that Islamabad is committed to Pakistan Stream Gas Pipeline Project (PSGPP) and wants Russia to be on board. About the alternate pipeline, the Pakistan side clarified to the Russians that it’s negative publicity, saying obviously there are always alternatives available, but that doesn’t mean Islamabad does not favour Pakistan Stream Gas Pipeline,” one of the officials who attended the meeting told The

Russian federationPetroleum divisionPurpose companyPetroleum dr arshad mehmoodDepartment of foreign economic cooperationDeputy directorForeign economic cooperationFuel markets developmentPakistan stream gas pipeline projectSecretary petroleum dr arshad mehmoodPakistan stream gas pipelinePakstream limitedInter state gas systemShareholding agreementSpecial purpose companySui southern