Rs 431.45m being spent on gasification of SEZs, industrial park

Author: APP

The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) are currently in process of executing at least three strategic projects to supply gas to two Special Economic Zones (SEZs) and an industrial park in their respective areas to boost industrial production. For this purpose, the government has allocated funds amounting to Rs 431.45 million in the Public Sector Development Programme (PSDP 2022-23) to advance three ongoing projects one each in Balochistan, Sindh and Punjab, according to an official document available with APP. The SSGC is laying a pipeline to supply 10 MMCFD (Metric Million Cubic Feet per Day) Re-gasified Liquefied Natural Gas (RLNG) to Bostan Special Economic Zone (SEZ) in Balochistan Province with an allocation of Rs 100 million for the current fiscal year, and a dedicated line to provide 13 MMCFD RLNG to Bin Qasim Industrial Park, located in Karachi city of Sindh province, with Rs 74.71 million funds.

Share
Leave a Comment

Recent Posts

  • Business

Bears drag index down by 1,331 points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,331.86…

7 hours ago
  • Business

Finmin highlights challenges posed by population growth

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Monday highlighted the significant…

7 hours ago
  • Business

Political stability, long-term economic policies, crucial for economic growth

Acting President of the Islamabad Chamber of Commerce and Industry (ICCI), Abdul Rehman Siddiqui on…

7 hours ago
  • Business

WAPDA chairman inspects work on key sites of Mohmand Dam

Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) on Monday visited Mohmand Dam, a multipurpose…

7 hours ago
  • Business

Gold prices dip by Rs700 per tola

The price of 24 karat per tola gold decreased by Rs.700 and was sold at…

7 hours ago
  • Business

Rupee sheds 6 paisa against dollar

Pakistani rupee on Monday depreciated by 6 paisa against the US dollar in the interbank…

7 hours ago