Mission Chief Nathan Porter says circular debt ‘reduction plan’ entails fiscal risks given chain of transactions involved and would also continue use of supplementary grants
Lack of clarity on political front, delays and uncertainty on formation of new govt along with reports around circular debt management plan drive negative sentiment
Back in September, PPL disclosed the discovery of crude oil from the above exploratory well in the Ziarat block, which is the first-ever discovery of crude oil in Chiltan and Moro / MughalKot formations in the province of Balochistan.
The company’s sales revenue decreased by Rs 2.533 billion during the current period i.e. Rs 39.226bn as compared to the corresponding period i.e. Rs 41.751bn.
“Discovery of 1 trillion+ cubic feet of gas in Kalat, Balochistan, brings good news in controlling Pakistan's energy crisis for the residential and commercial sector,” said the minister.