Aug 14 -
Govt to spend Rs20bn on
new gas project
The government is
working on a phased plan to bring discovered natural gas into
distribution system at a cost of Rs 20 billion.
Giving details of the
government plans, Federal Minister for Petroleum Usman Aminuddin said
that by December 2000, the newly discovered gas would start coming into
the system, and by July 2003 additional 928 million cubic feet per day (MMCFD)
of gas will be available.
He said the government had
already signed sales agreements with the companies for the development
of seven fields.
The disovered gas fields
would start coming into the existing system. Hasan field in Sindh, a
small field in size, would start injecting 12 MMC of gas per day.
Zamzama, a discovery of BHP, will start pumping 60 MMC gas in the
distribution system from July 2001.
Similarly Miano field will
start its production from July 2001. Sawan, another gas field in Sindh,
will start its production from December 2002. Bhit, a major gas
discovery in the recent years, will be operational from December 2002.
In the second phase, the
minister said, aditional well at Sawan will start production of 90 MMC
in year 2003. Similarly, Zamzama will start production in the
corresponding period, July 2003. Marri deep field will start its
production from July 2003 and Sui deep will also start production from
The minister said foreign
investment which has been committed for the development of these fields
is US $112 million. SNGPL will invest Rs 330 million on laying the new
infrastructure and SSGPL will make an investment of Rs 332 million in
The minister said that high
prospective areas like Kirthar Block and Sanghar will be opened up for
the exploration activities very soon.
Textile sector on govt
Executive Gen Pervez Musharraf said on Tuesday the government is giving
top priority to the revival of the national economy and the textile
sector is the single most important area of its attention.
made these observations while chairing the 2nd meeting of the Export
Promotion Board in Islamabad.
Pervez Musharraf said the government is committed to ensuring an
investor-friendly and stable environment coupled with the continuity of
policies to pave the way for boosting textile growth and exports.
welcomed the interaction among the government functionaries and
representatives of private sector, adding that it was through integrated
planning and execution that the country's export targets could be
assured the participants of the meeting of continued support and
incentives from the government.
assures of additional gas supply
for Petroleum and Natural Resources, Usman Aminuddin said Thursday that
an additional 928mmcf per day of gas supply will be available by July
completion of this project, maximum quantity of discovered gas will be
put on the main gas supply system, he told the newsmen at a press
the process comprises two phases including 448mmcf per day of gas supply
in the first phase, to be completed by December 2002, while the second
phase with 480mmcf of per day gas supply will be achieved by July 2003.
216mmcf of gas per day from Bhit gas field will be put on system by
December 2000, while 12mmcf per day of gas supply from Hasan gas field
in Sindh will be put on the system by April 2001.
The Central Development
Working Party on Monday approved seven projects worth Rs4.93 billion
pertaining to agriculture, education and water sector.
The approval came at a
meeting presided over by planning commission chairman Dr Shahid Amjad.
In all, the meeting had considered nine projects worth Rs5.5 billion.
The establishment of
agriculture college at Dera Ghazi Khan as a constituent college of the
university of agriculture was approved at a cost Rs99.695 million.
keen on setting up a business centre in Karachi Export Processing Zones
(KEPZ) for marketing its products to Central Asian Republics.
giving final shape to the plan, a four-member fact finding mission which
is presently on a visit to Pakistan, made extensive tour of KEPZ on
of 'treatment plants'
would extend all possible assistance for installation of 'Treatment
Plants' so that industrial sector could work in a hazard-free
environmental atmosphere, said Azharuddin Khan, coordinator,
environmental technology programme for industries.
at 'self monitoring workshop', held under the auspices of FPCCI and FCCI
on Monday, he said for this purpose 'credit facilities' would also be
provided by the government.
ISO-14000 and ISO-9000, it was imperative for the exporters to export
products manufactured under pollution-free atmosphere, he added.
auto sector showed a mixed performance in 1999-2000, marked by fall in
production of cars, trucks, two-wheelers, light commercial vehicles (LCVs)
as against rise in rolling out of buses and tractors.
to Pakistan Automotive Manufacturers Association (PAMA), car production
(800-1,600cc), comprising Toyota Corolla, Honda (Civic), Suzuki (Baleno,
Khyber now Cultus and Mehran) and Daihatsu Cuore, Nissan Sunny, plunged
to 30,972 units from 38,619 units in 1998-99.
sources said the overall fall was mainly occurred due to lower
production of Mehran 800cc which shares around 15,000 units. In
1999-2000, it dropped to only 8,548 units.