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Fee payment row impedes start of operations at second LNG terminal

By News Desk - October 20, 2017

As fee payment row rages on between Fatima Fertilizer and Sui Southern Gas Company (SSGC), Pakistan LNG Terminal Limited is mulling the option of diverting gas imports from Qatar to second LNG terminal, said an official. The second LNG terminal is said to be complete, but Pakistan LNG Terminal Limited has failed to incorporate a mechanism for handling the start of gas imports, reported Express Tribune.

ICAP accords PSO number 1 rank in its list of top 100 companies

By News Desk - October 19, 2017

Institute of Chartered Accounts of Pakistan (ICAP) has selected Pakistan State Oil (PSO) as the number one company in its top list of 100 corporations of Pakistan.PSO was accorded this rank based on ICAP’s criteria in the category of ‘Revenue wise Top Performing Companies’. It has reported 21.1pc higher earnings of Rs1,097b during financial year 2017 in comparison to Rs906b in FY 2016.

Despite PSO facing a severe liquidity crunch, it has continued the path of progress despite all the financial challenges it has faced.