Economic Review articles from April 2002

Economic Review archives from April 2002

Oil & gas price hike and pipeline. (Editorial).
April 1, 2002... On May 15, 2002, the prices of oil were revised upward by a maximum of 17 per cent or an average 8 per cent in line with world trends and to boost tax revenues hurt by 9/11 events accentuated by international recession. Another motive was to...

Pakistan's economy: second quarterly report for FY02.
April 1, 2002... A deceleration in external debt and a marginal decline in total external liabilities were visible. A marked decline occurred in the outstanding amount of domestic debt due to the extraordinary retirement of treasury hills held by SBP. While the...

Oil & gas exploration and production in Pakistan. (Cover Story).
April 1, 2002... Oil and gas sector serves as a catalyst for economic growth by fuelling manufacturing, agriculture, power and service sectors. That is the reason why it has attracted the attention of the present regime. The demand for energy in a recessionary...

Petroleum policy 2001. (Annexure).
April 1, 2002... The government has announced offshore and onshore petroleum policy packages, 2001 to provide incentives for exploration of energy and its production activities. These efforts are aimed at reduction in import dependence and promotion of...

Statistical Appendix.
April 1, 2002... Pakistan Energy Yearbook, 2001 is an important source of information on energy situation in Pakistan. This yearbook, prepared by Hydrocarbon Development Institute of Pakistan, Ministry of Petroleum and Natural Resources, Government of Pakistan,...

Performance of oil & gas sector.
April 1, 2002... Gas Companies on KSE-2001 There were four Gas Companies in the list of KSE in 2001. The total Paid-up Capital of these companies stood at Rs. 12098.06 million and Free Reserves and Surplus showed a figure of Rs. 4623.16 million. General...

Fertilizer use and its impact in Pakistan.
April 1, 2002... * Environmental concern and appreciation have increased over the years. Like many other areas the use of fertilizer has been subject to criticism by votaries of environmental conservation. It has become a norm to present fertilizers as serious...

Scimitar Hydrocarbons investing in Pakistan: Scimitar Hydrocarbons and the heavy oil industry.
April 1, 2002... Scimitar Hydrocarbons is an emerging Junior Canadian Oil and Gas Company with operations in Egypt and Pakistan. The company's business model is to acquire properties with exciting discoveries and enhance value by applying Canadian development...

Environment in oil & gas sector.
April 1, 2002... Pakistan's energy mix is highly dependent on oil and gas. Out of the present annual energy demand of 4.5 million tonnes of oil equivalent, the share of oil is 43%, natural gas 42%, hydroelectricity 9%, coal 5% and nuclear 1%. This energy mix...

Why PARCO means energy!
April 1, 2002... Pak-Arab Refinery Limited (PARCO) has now been in existence for more than 25 years. Its corporate voyage through these years has been full of important milestones. In the past 10 years PARCO has grown in size and strength and looks with...

Who's who in Oil & Gas Sector in Pakistan.
April 1, 2002... Mr. Aitzaz Shahbaz joined Burmah Shell in 1953 and held various Management positions till 1967. In January, 1978 he took over as General Manager and Chief Executive of Pakistan Burmah Shell/Shell Pakistan Ltd. which appointment he relinquished...

OPEC and the global energy scenario.
April 1, 2002... An OPEC seminar on OPEC and the Global Energy Balance was held in Vienna, Australia on September 28-29. Bringing together senior officials from both OPEC and non-OPEC member countries, leading industrialists and acclaimed academic experts, the...

Qatar to expand fertilizer and gas production.
April 1, 2002... The State of Qatar is channeling resources to increased production of two of its main export items: Fertilizers and Liquefied Natural Gas (LNG). The objective is to stay abreast of world demand for fertilizers and fulfill greater export quotas...

PSO: A cherished past, a promising future.
April 1, 2002... * As part of its customer-focused approach. PSO recently extended its product line of lubricants, introducing products/br the segments that were previously untapped. * As the largest oil marketing company in Pakistan, we have taken care of...

Mari Gas Company Limited: The third largest natural gas producer.
April 1, 2002... History and Background Mari Gas Field is located at Daharki, District Ghotki, Sindh, approximately 97 km North East of Sukkur. Esso Eastern Incorporated discovered this field in 1957 with the drilling of Mari X-I and found gas at a depth...

UK's shell invests in Shell Pakistan.
April 1, 2002... Shell Pakistan Limited said in its nine-month accounts review that Shell Petroleum Company Limited of the United Kingdom had purchased additional 5.744 million shares of Shell Pakistan for $22.3 million. "On February 1, 2002, the Shell...

Fauji oil terminal and distribution company.
April 1, 2002... FOTCO, located at Port Qasim about 35 km to the east of Karachi, is a state of the art environmental friendly marine oil terminal capable of handling 9 million tonnes of oil per annum with a growth potential to handle more than 27 million...

Investment in petroleum sector: A message from Minister for Petroleum an natural resources.
April 1, 2002... Our basins are known to be hydrocarbon-rich and according to one estimate, resource potential of Pakistan is 200 trillion cubic feet of gas and 40 billion barrels of oil. We have so far been able to find only a small part of these resources and...

Energy Balances 1995-96 to 2000-01.
April 1, 2002... Energy Balances 1995-96 to 2000-01 (Unit: Tonnes of Oil Equivalent) Source 1995-96 1996-97 1997-1998 OIL PRODUCTS (ENERGY) Opening Stock 385,246 772,972 ...

Mari Gas Co. Limited. (Interview).
April 1, 2002... An interview with Lt. Gen. Khalid Nawaz Malik (Retd.) M.D. Q. Would you explain in detail the role of your organization in Pakistan's oil and gas sector? A. Mari Gas Company is the holder of largest remaining gas reserves in one field....

Privatization will bring significant change. (Interview).
April 1, 2002... An interview with Minister for Privatization by Khalid Qayum Pakistan is part of entire globe and every country except for a few is going for privatization. They have come to a conclusion that privatization is good for the country whether...

Caltex Oil Pakistan Ltd.: The third largest global energy company. (Interview).
April 1, 2002... An interview with Mr. Arshad Nasar MD for Caltex Oil (Pakistan) Limited Q. Earlier expats used to head your organization, how come you as a Pakistani now heads and what difference has it made to the country and the organization? A....

PPL to promote energy self-sufficiency. (Interview).
April 1, 2002... A Conversation with CEO S. Munsif Raza by Anwar Rajani When PPL's history is written, its present phase will be described as one where it had placed the utmost emphasis on exploration, so as to make new discoveries to replenish its...

Pakistan Lubricants: for quality products and services.
April 1, 2002... At a time when Pakistan's economy is showing negative growth and more and more taxes are being levied it has become very challenging for business organizations to survive on true principles. Organizations that face these difficult...

Oil & gas generation and transmission. (Interview).
April 1, 2002... An interview with Minister for Petroleum and Natural Resources by Ahmad Mukhtar Q. Just brief us on the achievements and future plans of your ministry? A. The initial focus of this government was to bring the policies on the right...

Shell Pakistan Limited. (Interview).
April 1, 2002... An interview with MD for Shell (Pakistan) Limited The Royal Dutch/Shell Group of Companies collectively forms one of the world's largest enterprises. It is involved in Oil and Gas Exploration and Production (upstream activities) as well as...

Attock Refinery Limited: past, present and future. (Company Profile).
April 1, 2002... A new chapter was added to the history of successful operation of Attock Refinery Limited (ARL) in 1999 when it completed its latest expansion and upgradation project (a 10,000 BPD two stage Heavy Crude Distillation Unit and a 5,000 BPD Naphtha...

National Refinery Limited.
April 1, 2002... Overview During the year under review the company's net profit amounted to Rs.775.67 million and was recorded highest. The company enhanced its cash dividend pay out to 50% from 45% in the preceding year. Zafar Iqbal Chairman of the...

Pegasus Consultancy (Pvt) Limited: your partners in business. (Company Profile).
April 1, 2002... Pegasus Consultancy (Pvt) Ltd. was founded in 1999 to capitalize on the substantial market opportunities in business an financial advisory services and project development. Our determination to set standards in the industry and continue to...

Haroon Oils Limited. (Company Profile).
April 1, 2002... Overview Chairperson of the Company, Begum Almas M. Haroon laid great emphasis on the industrial relations. She stated, Union agreement concluded in July 2000 is operating and is being implemented smoothly. The working relationship between...

Gleanings from the press. (International Round-Up).
April 1, 2002... China's Economy to Grow by 7-8% China's economy will grow by 7 to 8 per cent annually until 2005 and will stay near that figure for the following five years. The growth forecast was made by the Developmental Research Centre of China's...

Price situation (April 2002).
April 1, 2002... During April, Karachi wholesale commodity market experienced mixed trend, the prices of most of the commodities declined while those of others rose. The most palpable fall was witnessed in the price of wheat because of arrivals of new crop....

Rupee-dollar parity remains stable. (Currency Market).
April 1, 2002... In the post 9/11 scenario, the rupee-dollar parity remained stable during March. In the inter-bank market, the value of dollar declined by few paisa. On the other hand, the kerb market witnessed minor increase in the value of dollar. As such,...

Bulls continue to dominate. (Stock Market).
April 1, 2002... The month of March witnessed the continuation of domination of bulls since a couple of months as KSE 100 index went up 5.4 per cent while market capitalisation upped 7.5 per cent. A novel characteristic was the whole jump was witnessed during...

Power, history and economic development. (Press Release).
April 1, 2002... The question of why some countries develop while others lag has increasingly led economists and political scientists onto each other's territory, in 1994, John P. Powelson, Emeritus Professor of Economics at the University of Colorado, provided...