AGL 34.60 Decreased By ▼ -0.60 (-1.7%)
AIRLINK 128.45 Increased By ▲ 5.22 (4.24%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.85 Decreased By ▼ -0.06 (-1.53%)
DCL 8.02 Decreased By ▼ -0.13 (-1.6%)
DFML 44.85 Increased By ▲ 0.63 (1.42%)
DGKC 74.82 Increased By ▲ 0.47 (0.63%)
FCCL 24.70 Increased By ▲ 0.23 (0.94%)
FFBL 43.84 Decreased By ▼ -4.36 (-9.05%)
FFL 8.75 Decreased By ▼ -0.03 (-0.34%)
HUBC 142.39 Decreased By ▼ -3.46 (-2.37%)
HUMNL 10.50 Decreased By ▼ -0.35 (-3.23%)
KEL 3.94 Decreased By ▼ -0.06 (-1.5%)
KOSM 7.79 Decreased By ▼ -0.21 (-2.63%)
MLCF 33.00 Increased By ▲ 0.20 (0.61%)
NBP 56.64 Decreased By ▼ -0.51 (-0.89%)
OGDC 141.76 Decreased By ▼ -3.59 (-2.47%)
PAEL 25.55 Decreased By ▼ -0.20 (-0.78%)
PIBTL 5.80 Increased By ▲ 0.04 (0.69%)
PPL 112.15 Decreased By ▼ -4.65 (-3.98%)
PRL 23.94 Decreased By ▼ -0.06 (-0.25%)
PTC 11.10 Increased By ▲ 0.05 (0.45%)
SEARL 58.40 Decreased By ▼ -0.01 (-0.02%)
TELE 7.44 Decreased By ▼ -0.05 (-0.67%)
TOMCL 41.20 Increased By ▲ 0.10 (0.24%)
TPLP 8.40 Increased By ▲ 0.09 (1.08%)
TREET 15.05 Decreased By ▼ -0.15 (-0.99%)
TRG 56.76 Increased By ▲ 1.56 (2.83%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,578 Increased By 6 (0.07%)
BR30 26,784 Decreased By -491.7 (-1.8%)
KSE100 81,698 Increased By 238.9 (0.29%)
KSE30 25,864 Increased By 64.2 (0.25%)

The work on the Manzalai Gas Field Development Project has resumed after the Lahore High Court refused granting stay.
Petrosin engineers have lauded after the court argued that Petrosin was not pre-qualified for the project by the MOL Pakistan Oil and Gas BV, and its joint venture partners, Pakistan Oilfields Limited, Oil and Gas Development Company Limited, Government Holding and Pakistan Petroleum Limited.
Earlier, M/s Petrosin Engineering (Pvt) Limited etc, had filed a suit for declaration and permanent injunction before Civil Court against MOL Pakistan, its joint venture partners and successful bidder Presson Descon International Limited challenging the bidding process with respect to Manzalai Field Development Surface Facilities Project and Gathering System at Tal Exploration Block, District Kohat, NWFP, and sought temporary injunction during pendency of suit. Learned Civil Court had dismissed the stay application. Appeal against the order of dismissal before Additional District Judge also remained unsuccessful.-PR

Copyright Business Recorder, 2008

Comments

Comments are closed.