Pakistan Petroleum Ltd. (PPL) started production of gas from the Pateji X-1 well in SHAH Bandar block from Sindh under the arrangement of the extended well test (EWT), as of April 1. The development follows a discovery of gas and condensate from the C-Sand in November last year. The Shah Bandar block, which is located … Read more
Pakistan discovered PPL and its joint partner, Polish Oil and Gas Company (POGC), natural gas in the RAFAT-1 well in the Kirthar block, located in the Dadu area, Sindh. According to the disclosure sent to the Pakistani Stock Exchange (PSX), POGC has a 70 % work interest as an operator, while PPL has a 30 … Read more
The International Monetary Fund (IMF) in principle has agreed to reduce the deduction tax (WHT) on the purchases of property by 2 %, starting in April 2025, while leaving tax rates on real estate sellers unchanged. The decision follows the request of the Federal Revenue Council (FBR) to alleviate the costs of transactions in the … Read more