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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 Khan , Tanwar Shaikh , Tabish Gauhar , Petroleum Division , Cabinet Committee On Energy , Petroleum Dr Arshad Mahmood , Centre For Operational Services , Ministry Of Defense , Ministry Of Energy , Energy Ministry , Supreme Court , Purpose Company , Division Of Pakistan , Petroleum Tabish Gauhar , International Financial Institutions , Ministry Of Energy Russia , Petroleum Division Sui Companies , Pakistan Steam Gas Pipeline , Finance Ministry , Inter State Gas System , Federal Energy Minister , Hammad Azhar , Account Number , Captive Power , Pakistan Stream Gas Pipeline , Cabinet Committee ,

ECC gives approval to Kamyab Pakistan Program, other projects

Daily Times
Micro-loans will be extended to entrepreneurs and farmers under Kamyab Karobar and Kamyab Kissan schemes
July 17, 2021
The Economic Coordination Committee (ECC) of the Cabinet here on Friday approved the flagship ‘Kamyab Pakistan Program’ besides approving several other projects.
The ECC meeting was chaired by Federal Minister for Finance and Revenue, Shaukat Tarin, according to press statement by Finance Ministry here.
The meeting was attended by Federal Minister for National Food Security and Research, Fakhar Imam; Federal Minister for Energy, Hammad Azhar; SAPM on Finance and Revenue, Dr. Waqar Masood; SAPM on Power and Petroleum, Tabish Gauhar; SAPM on Youth Affairs, Usman Dar, Secretaries of Finance Division, Communication and Industries and Production. Governor State Bank of Pakistan, Chairman PTA and other senior officers also participated in the meeting. The Kamyab Jawan Programme is a flagship program that would extend micro-loans ....

Port Qasim , Prime Minister , Usman Dar , Fakhar Imam , Kamyab Hunarmand , Tabish Gauhar , Shaukat Tarin , Waqar Masood , Kamyab Karobar , Qasim Authority , Engineering Consultancy Service , Gwadar Port Authority Boards , Ministry Of Maritime Affairs , National Socio Economic Registry , Economic Coordination Committee , Governor State Bank , Services Company Private Limited , Auction Of Next Generation Mobile Services , Youth Affairs , Ministry Of Industries , Secretaries Of Finance Division , National Food Security , Ministry Of Commerce , Power Division , Pakistan Marine Shipping Services Company , Ministry Of Information Technology ,

Four-day talks on PSGP successfully conclude: Deal done on $2.5b gas pipeline with Russia

July 16, 2021
ISLAMABAD: In a major breakthrough, Pakistan and Russia here on Thursday successfully concluded the talks and signed the Heads of Terms (HoT) and Shareholders Agreement (SHA) on the country’s most strategic project of 1,100-kilometer Pakistan Stream Gas Pipeline (PSGP) from Karachi to Kasur. The project’s cost has been estimated at $2.5 billion.
All the heads of terms presented by Russia were altered to make them acceptable and for the sake of more clarity and then both sides signed them.
“Russia will have 26 percent shares in the project but will have no sovereign guarantee from Pakistan on the rate of return. Pakistan will be having 74 percent shares in the project, which is why the Managing Director (MD) of Special Purpose Company (SPC) will be appointed from the Pakistan side and Chief Operating Officer will be from the Russian side. The SPC will be responsible of running the PSGP,” one of the participants of the four-day talks told The News. ....

Tabish Gauhar , Purpose Company , Shareholders Agreement , Pakistan Stream Gas Pipeline , Managing Director , Special Purpose Company , Chief Operating Officer , Sui Southern , Sui Northern , Special Assistant , தாபிஷ் க Au ஹர் , நோக்கம் நிறுவனம் , பாக்கிஸ்தான் ஸ்ட்ரீம் வாயு குழாய் , நிர்வகித்தல் இயக்குனர் , சிறப்பு நோக்கம் நிறுவனம் , தலைமை இயங்குகிறது அதிகாரி , ஸூயீ தெற்கு , ஸூயீ வடக்கு , சிறப்பு உதவியாளர் ,

Four-day talks on PSGP successfully conclude: Deal done on $2.5 bn gas pipeline with Russia

July 16, 2021
ISLAMABAD: In a major breakthrough, Pakistan and Russia here on Thursday successfully concluded the talks and signed the Heads of Terms (HoT) and Shareholders Agreement (SHA) on the country’s most strategic project of 1,100-kilometer Pakistan Stream Gas Pipeline (PSGP) from Karachi to Kasur.
The project’s cost has been estimated at $2.5 billion.
All the heads of terms presented by Russia were altered to make them
acceptable and for the sake of more clarity and then both sides signed them. “Russia will have 26 percent shares in the project but will have no sovereign guarantee from Pakistan on the rate of return. Pakistan will be having 74 percent shares in the project, which is why the Managing Director (MD) of Special Purpose Company (SPC) will be appointed from the Pakistan side and Chief Operating Officer will be from the Russian side. The SPC will be responsible of running the PSGP,” one of the participants of the four-day talks told The N ....

Tabish Gauhar , Purpose Company , Shareholders Agreement , Pakistan Stream Gas Pipeline , Managing Director , Special Purpose Company , Chief Operating Officer , Sui Southern , Sui Northern , Special Assistant , தாபிஷ் க Au ஹர் , நோக்கம் நிறுவனம் , பாக்கிஸ்தான் ஸ்ட்ரீம் வாயு குழாய் , நிர்வகித்தல் இயக்குனர் , சிறப்பு நோக்கம் நிறுவனம் , தலைமை இயங்குகிறது அதிகாரி , ஸூயீ தெற்கு , ஸூயீ வடக்கு , சிறப்பு உதவியாளர் ,

Talks on PSGP conclude: Deal done on $2.5b gas pipeline with Russia

Talks on PSGP conclude: Deal done on $2.5b gas pipeline with Russia
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Tabish Gauhar , Purpose Company , Shareholders Agreement , Pakistan Stream Gas Pipeline , Managing Director , Special Purpose Company , Chief Operating Officer , Sui Southern , Sui Northern , Special Assistant , தாபிஷ் க Au ஹர் , நோக்கம் நிறுவனம் , பாக்கிஸ்தான் ஸ்ட்ரீம் வாயு குழாய் , நிர்வகித்தல் இயக்குனர் , சிறப்பு நோக்கம் நிறுவனம் , தலைமை இயங்குகிறது அதிகாரி , ஸூயீ தெற்கு , ஸூயீ வடக்கு , சிறப்பு உதவியாளர் ,