Wednesday, December 3, 2014

پاکستان | کرپشن کی شرح میں کمی

پاکستان 20 سال بعد کرپشن کی شرح میں کمی کے بعد 126ویں نمبر پر آگیا، ٹرانسپیرنسی انٹرنیشنل


برلن / کراچی: دنیا بھر کے ممالک میں کرپشن کی شرح کا جائرہ لینے والے عالمی ادارے ٹرانسپیرنسی انٹرن نیشنل کے کرپشن پرسپشن انڈیکس کے مطابق پاکستان میں کرپشن کی شرح میں کمی واقع ہوئی ہے۔
ٹرانسپیرنسی انٹرن نیشنل کے کرپشن پرسپشن انڈیکس کے 20ویں ایڈیشن کے مطابق پاکستان اس بار 29 پوائنٹس حاصل کر کے دنیا بھر کے 175ممالک میں سے 126 ویں نمبر پر آگیا ہے جو اس کی 1995 شروع ہونے والی سی پی آئی کے بعد سے سب سے بہتر کارکردگی ہے۔ چیئرمین ٹرانسپیرینسی انٹرنیشنل پاکستان سہیل مظفر نے کہا ہے کہ امید ہے اب حکومت کرپشن کے خاتمے کے لئے نئے جوش و جذبہ سے کام کرے گی۔ کرپشن پرسپشن انڈیکس 2014 میں 175 ممالک میں سے دو تہائی نے 50 سے کم سکور کیا ہے۔ ڈنمارک 92 پوائنٹس کے ساتھ پہلے جب کہ شمالی کوریا اور صومالیہ 8،8 پوائنٹس کے ساتھ آخری نمبر پر ہیں۔
سی پی آئی میں چین کو 36، ترکی کو 45 اور انگولا کو 19 پوائنٹس ملے ہیں۔ ترکی کے اسکور میں گزشتہ سال کی نسبت 5، چین، ملاوی، انگولا اور روانڈا کے سکور میں 4، 4 پوائنٹس کی کمی آئی۔ آئیوری کوسٹ، مصر، سینٹ وینسٹ اور گرینیڈائنز کے سکور میں 5، 5، افغانستان، اردن، مالی اور سوازی لینڈ کے سکور میں 4، 4 پوائنٹس کا اضافہ ہوا۔ بھارت کا سکور 38، روس کا 27، برازیل کا 43، موریشئس کا 54 اور قبرص کا 63 ہے۔
انڈیکس میں پوائنٹس شفافیت کو ظاہر کرتے ہیں۔ جس ملک نے جتنے زیادہ پوائنٹس حاصل کئے وہ اتنا ہی کرپشن سے پاک ہے۔ انسداد کرپشن گروپ ٹرانسپرینسی انٹرنیشنل نے کہا ہے کہ کرپشن تمام معیشتوں کےلئے بہت بڑا مسئلہ ہے، یورپی یونین اور امریکہ کو چاہیے کہ وہ تیزی سے نشوونما پانے والی معیشتوں کے ساتھ مل کر کرپشن کی روک تھام کئ لئے کام کریں، بڑی معیشتوں میں کرپشن بنیادی انسانی حقوق کا راستہ روکتی ہے اور گورننس کے مسائل بھی پیدا کرتی ہے۔
چیئر آف ٹرانسپیرینسی انٹرنیشنل جوزے اگاز کے مطابق سی پی آئی 2014 سے معلوم ہوتا ہے کہ جب رہنما اور اعلیٰ عہدیدار عوامی پیسے کا اپنے ذاتی مقاصد کیلئے غلط استعمال کرتے ہیں تو معاشی نشوونما متاثر ہوتی ہے اور کرپشن روکنے کی کوششیں بھی سودمند ثابت نہیں ہوتی۔ بدعنوان حکام غیرقانونی طریقے سے کمائی ہوئی دولت بیرون ملک بھجوانے کے لئے بیرون ملک کمپنیوں کو استعمال کرتے ہیں، عوامی حقوق کے تحفظ کیلئے کرپشن کے خلاف انقلابی اقدامات کرنا چاہئیں۔ چین کا سکور 40 سے گر کر 36 ہوگیا حالانکہ چین نے انسداد بدعنوانی مہم بھی شروع کر رکھی ہے، ضرورت اس امر کی ہے کہ حکومت بیرون ملک اثاثے چھپانے والے حکام کا پیچھا کرے۔ جنوری میں لیک ہونے والی دستاویزات کے مطابق چین اور ہانگ کانگ کے بیرون ملک 22 ہزار کلائنٹس ہیں۔ چین کا سکور چینی کمپنیوں کی ناقص کارکردگی پر ٹرانسپیرینسی انٹرنیشنل کی کارپوریٹ ڈسکلوزر پریکٹسز کی رپورٹ کی بھی تصدیق کرتی ہے جس میں چین کی تمام 8 کمپنیز نے 10 میں سے 3 پوائنٹس لیے۔ کرپشن اور منی لانڈرنگ برکس کے دیگر ممالک کیلئے بھی ایک مسئلہ ہے۔
رواں برس ایک بڑی آئل کمپنی کی برازیل میں سیاستدانوں کو رشوت دینے کیلیے خفیہ کمپنیاں بنانے کے حوالے سے بھی سوالات اٹھائے گئے ہیں۔ بھارت کی جانب سے رشوت کیلئے موریشئس، روس کی جانب سے قبرص میں بینک اکاؤنٹس کے حوالے سے بھی سوالات اٹھائے گئے ہیں۔ انڈیکس کے ٹاپ پر معیشتوں کو منی لانڈرنگ اور کرپشن کیلئے خفیہ کمپنیاں بننے سے روک کر بدعنوانی کی روک تھام میں کردار ادا کرنا چاہیے۔ پہلی پوزیشن پر آنیوالے ڈنمارک میں قانون کی حکمرانی ہے اور حکام کے حوالے سے واضح اصول ہیں، ڈنمارک نے رواں برس نومبر میں کمپنیوں کی ملکیت کی معلومات کے حوالے سے پبلک رجسٹر بناکر ایک مثال قائم کی ہے۔ ایسے ہی اقدامات کا ہی برطانیہ اور یوکرین میں بھی اعلان کیا گیا۔ ٹرانسپیرینسی انٹرنیشنل کے ایم ڈی کوبس ڈی سوارٹس کے مطابق کمپنیوں کی ملکیت کے حوالے سے معلومات کرپشن کی روک تھام میں اہم ہوسکتی ہے۔



 

Tuesday, December 2, 2014

CPI hits 11 years low

Consumer Price Index: With sharp fall in oil prices, inflation hits 11-year low

 

Falling prices of oil and commodities in the global market led to the reduction in rates of petroleum products at home. CREATIVE COMMONS
ISLAMABAD:  For the first time in the last 11 years, inflation dropped to 3.96% in November on the back of a steep fall in prices of petroleum and food groups, beating even expectations of the government that estimated the figure at around 5.5%.
The slowdown in the pace of increase in prices measured by the Consumer Price Index (CPI) compared to November last year was reported by the Pakistan Bureau of Statistics (PBS) in its monthly inflation bulletin on Monday. It was the lowest level since November 2003 when the index stood at 4.2%.
The CPI covers price movements in 481 commodities every month.
Falling prices of oil and commodities in the global market led to the reduction in rates of petroleum products at home.
Though the government has passed on the impact of oil price dip to domestic consumers, they are yet to enjoy the benefits of falling global prices of palm oil, wheat and rice.

Last month, prices of kerosene oil were reduced by 12.25% and motor spirit (petrol) by almost 10%, said the PBS. However again, it did not include the two surcharges imposed on electricity consumers into the calculations, raising doubts about the credibility of numbers.
The electricity bills for November include the Universal Obligation Fund surcharge at Rs1 per unit on people consuming between 301 and 700 units and 50 paisa for consumption of over 700 units.
Similarly, a debt servicing surcharge of 30 paisa per unit has also been included in the bills. Both the surcharges are above the 30 paisa per unit revision in power tariff under the monthly fuel price adjustment for August and another 51 paisa per unit for September, according to media reports, which the government did not deny.
According to the PBS, food inflation in November stood at 2.1% year-on-year – the index had been recorded at 5.2% in October. It showed a decline of 3.1 percentage points in a single month.
On a monthly basis, overall prices decreased in November against October as the index was negative 0.4%.
The pace of increase in non-perishable food items was recorded at 3.6% in the month compared to November last year. Prices of perishable food items, however, decreased 10.6% year-on-year.
Fuel and food-adjusted inflation, called core inflation, also slowed down to 6.9% year-on-year with a reduction of 0.9% in a single month.
With the slowdown in both core inflation and the headline inflation, the SBP may have to further cut its discount rate. In the last announcement, the SBP lowered the discount rate by 50 basis points to 9.5%.
Average inflation during first five months of the current fiscal year (July-November) was registered at 6.45% compared to the corresponding period of previous year, according to the PBS. For this year, the government has set the inflation target at 8%.
Published in The Express Tribune, December 2nd, 2014.

Friday, November 21, 2014

Real story of Media Military allaince during Fsadi March of TUQ and IK

THE SOUTH ASIA CHANNEL

Not Fit to Print: An Insider Account of Pakistani Censorship


Imran [Khan], [Tahir ul] Qadri, and the ISI [Inter-Services Intelligence] are our best friends," our weekly editorial meeting at Pakistan's Express Tribune was (jokingly) told on Aug. 13, 2014, a day before the two political leaders began their separate long marches from Lahore to Islamabad, and plunged the country into crisis. "We know it's not easy, but that's the way it is -- at least for now. I promise to make things better soon," said the editor, who had called the meeting to inform us about the media group's editorial policy during the sit-ins and protests that would eventually, momentarily paralyze the Pakistani government.
The senior editorial staff, myself included, reluctantly agreed to the orders, which came from the CEO, because our jobs were on the line. Media groups in Pakistan are family-owned and make all decisions unilaterally -- regardless of whether they concern marketing and finance or editorial content and policy -- advancing their personal agendas through the influential mainstream outlets at their disposal. A majority of the CEOs and media house owners are businessmen, with no background (or interest) in the ethics of journalism. The owners and publishers make it very clear to their newsrooms and staff -- including the editor -- that any tilt or gloss they proscribe is non-negotiable. As a result, serious concerns persist about violence against and the intimidation of members of the media. In fact, Pakistan ranks 158 out of 180 countries in the 2014 World Press Freedom Index.
Yet there is also a more elusive problem within the country's press landscape: the collusion of Pakistan's powerful military and the nation's media outlets. I experienced this first-hand while I worked as a journalist at the Express Tribune during the recent protests led by Khan, the populist cricketer-turned-politician, and Qadri, a Pakistani-Canadian cleric and soapbox orator.
During this time, the owners of Pakistani media powerhouses -- namely ARY News, the Express Media Group, and Dunya News -- received instructions from the military establishment to support the "dissenting" leaders and their sit-ins. The military was using the media to add muscle and might to the anti-government movement in an attempt to cut Prime Minister Nawaz Sharif down to size.
The media obliged.
At the Express Media Group, anything related to Khan and Qadri were inexorably the lead stories on the front page or the hourly news bulletin. I witnessed polls showing support for Sharif being censored, while news stories on the misconduct of the protesters, along with any evidence that support among the protestors for Khan and Qadri was dwindling, were axed. While the BBC was publishing stories about how Qadri's protesters were allegedly being paid and Dawn, the leading English-language Pakistani newspaper -- and the Express Tribune's main competitor -- was writing powerful editorials about the military's role in the political crisis, we were making sure nothing negative about them went to print.
Day after day, my national editor told me about how he received frantic telephone calls late in the evening about what the lead story should be for the next day and what angle the article should take. First, we were told to focus on Khan. "Take this as Imran's top quote," "This should be in the headline," "Take a bigger picture of him" were the specific directives given by the CEO. Shortly after, the news group's owner was agitated that the newspaper had not been focusing enough on Qadri. We later found out that the military establishment was supporting the two leaders equally and the media was expected to do the same.
In their professional capacities, the editor and desk editors tried to put up a fight: they allowed some columns against the protests slip through; they did not extend the restrictions to publish against Khan and Qadri to the Web version of the newspaper; and they encouraged reporters to focus on the paper's strengths, such as investigative and research-based reports. However, it was difficult for the staff to keep its spirits high with the CEO's interference and his readiness to abide by the establishment's instructions. To be sure, the dictates were never given to the senior editorial staff, of which I was a part, directly. They were instead relayed to the editor or the national editor (who heads the main National Desk) via the CEO and then forwarded to us.
People often speculate about the media-military collusion in Pakistan, but in the instance of the current political standoff in the federal capital, as well as the Geo News controversy -- where the establishment was seen resorting to extreme methods, such as forcing cable operators to suspend Geo's transmission and impelling competing media houses to publish news stories against Geo, to curtail the broadcast of the largest and most-watched television channel for accusing then-ISI chief Zaheer-ul-Islam of being behind the gun attack on Hamid Mir, its most-popular anchor -- the media and the military worked hand-in-hand.
In most cases, it is common knowledge that the heavyweight broadcast anchors have strong ties to members of the military establishment, and they personally take direct instructions that are then conveyed to the owners of their respective media groups. This bias is often reflected in their coverage.
The anchors not only indulge in inaccurate reporting, but also shape political discourse against the democratically elected government and even the efficacy of democracy itself. Former Pakistani government officials have corroborated this by narrating their experience. One senior official told me: "Television anchors receive funds from the military establishment, if not the civilian Ministry of Information and Broadcasting. Today, all the Pakistani intelligence agencies and the military have media departments that ostensibly only disseminate background information and press briefings, but are actually guiding and managing discourses and the national narrative."
And this narrative is pro-army. Consider one example in particular.
On Aug. 31, when Khan's and Qadri's protesters had stormed the Parliament's gates, Mubasher Lucman, a television anchor for ARY News -- now the most-watched TV channel in Pakistan after Geo's transmission was illegally suspended -- saluted the army during a live broadcast and invited the military to take over "and save the protesters and the country." Earlier on Aug. 25, he welcomed the "sound of boots" (a reference to the military), as he had no sympathy for corrupt politicians who looted the country.
As if this was not enough, Lucman and his fellow anchors at ARY, some of whom are known to have strong ties to the army and the ISI, also made unverified claims on live television that seven protesters had been killed by riot police in the ensuing clash. (It was reported by other news outletsthat three people had died, one by accident.) Moreover, when Javed Hashmi, the estranged president of Khan's Pakistan Tehreek-e-Insaaf (PTI) party, came out in public on Sep. 1 to reveal how Khan was banking on the military and the judiciary to end Sharif's government, Lucman slammed Hashmi, while his fellow anchor, Fawad Chaudhry, insisted that Hashmi had been "planted in [the] PTI" by the prime minister's closest aides.
Hashmi, who is known for his principled politics and who has been tortured and imprisoned by the military over the years, made the claims about Khan in a press conference where he revealed that: "Imran Khan said we cannot move forward without the army...He told us that he has settled all the matters; there will be elections in September."
Soon after this, we at the Express Tribune were instructed by the military to highlight statements released by the army's Inter-Services Public Relations office about how it was not a party to the crisis. When the military was on the defensive, issuing rebuttals to Hashmi's "revelations," we saw the instructions lessen and the powerful institution backing off. Yet media discourse throughout Pakistan's history has been influenced by the military, the most powerful institution in the country, or, in a few cases, has been strong-armed and intimidated by civilian heads of state until they were ousted by the military. There is a structural bias against democratic institutions and elected officials in Pakistan, and such a discourse has the not-unintentional effect of making the military seem like a better alternative, thereby reinforcing the notion that democracy does not work.
Media owners seem to "choose" the military establishment as it has been the most potent force and the only constant in Pakistan's polity. The institutional context of the country's power structure and patronage politics compels organizations and individuals to be a part of the system, which begins and ends with the military and its premier intelligence agency, the ISI. Abiding by the system without asking questions is rewarded. But even in a country with a deeply problematic history, the intensity of the recent interference is shocking.
Before the current political standoff, the establishment was dictating headlines and editorial policies during Sharif's trip to India for the inauguration of his counterpart, Narendra Modi, on May 26. While working at the Express Tribune, I was instructed to change the lead story on the Sharif-Modi meeting to give it a negative tint, concentrating on how the Indian prime minister was not welcoming as he focused on security issues. The phrase "show-cause" had to be inserted in the headline, which was a direct order from the CEO, who was getting instructions from the military.
To be sure, the Express Media Group and its staff have been attackedseveral times during the past year for raising sensitive issues. And here too it tried to balance the military-sponsored anti-government slant by giving room to other opinions in the form of editorials and separate stories. But it also had to survive in a system where the military dominates every aspect of public life. It is a tough choice as the military refuses to protect the country's journalists, even as the media continues to safeguard the military's image and ostensible apolitical status.
Neha Ansari worked as a senior sub-editor and shift-in-charge at theExpress Tribune's national desk in Karachi, Pakistan from 2013 to 2014. She is now a visiting researcher at the Carnegie Endowment for International Peace in Washington, D.C.




Tuesday, November 18, 2014

Punjab | Electronic Stamp papers introduced

E-Stamp Paper Introduced For The First Time In Pakistan


The Punjab Board of Revenue has decided to introduce e-stamp paper in Pakistan to facilitate the citizens online. This step promises to diminish fraud and bogus stamp papers which, previously, led to a loss of millions of rupees. Here is how the e-Stamp process will work.
Any person willing to buy a high value non-judicial stamp will only require an internet connection to access the system online. The information required to be entered in the system will be the names of the buyer, seller and the person from whom stamps were purchased along with their CNIC.
The entered CNIC information will be verified online through NADRA database in real time. After verification, a challan form 32-A will be generated based on the provided data.
The stamp paper buyer will then take the issued challan form to the nearest branch of National Bank/ Bank of Punjab or at any dedicated bank counters established in the offices of sub-registrars. Once the stamp duty fee is paid, the bank will print and handover the stamp paper on especially designed legal size paper. After the agreement, the stamp paper will be submitted to the sub-registrar/housing society/ authority/land developers or as the case may be.
e-stamping Process
Stamp paper serve different purposes in Pakistan including purchase and sale of land. The e-stamp paper will make the purchase of land property easy while also restricting the land mafia. The project will also help facilitate women in Pakistan who struggle to acquire inherited property.
An Indian state Karnataka started e-stamp paper in 2006 which resulted in controlling fake stamp papers and land mafias.
The Punjab government has already computerized its land records which let citizens to access their land records within 15 minutes without any charge. The e-stamp process is expected to be launched for the public in a month.


Tuesday, November 11, 2014

Interview

Barjees Tahir | Federal Minister of Kashmir affairs and GB

This interview was published in Nawai Waqt dated October 26, 2014.

 

Saturday, November 1, 2014

Pakistan Oilfields earnings up 15pc

Pakistan Oilfields earnings up 15pc


KARACHI: Pakistan Oilfields Limited (POL) recorded an after-tax profit of Rs4.2bn for the first quarter of this fiscal year, translating into earnings per share (eps) at Rs17.62.
It represented a growth of 15pc over Rs3.6bn profit (eps Rs15.25) in the year-ago period.
Investment analyst Muhammad Affan Ismail at BMA Capital Management Ltd said the results were above consensus forecast on account of lower-than-estimated amortisation charges (down 30pc year-on-year) primarily due to high base effect. “To recall, POL reported a hefty amortisation write-off pertaining to reserve downgrade at Manzalai field last year,” he said.
The surge in earnings during July-September could also be attributed to 11pc increase in sales to Rs9.8bn on account of 19pc higher oil production.
Other income of the company declined by 32pc to Rs830m on account of 20pc lower dividend from APL at Rs174m and absence of payout from NRL.
Published in Dawn, November 1st, 2014


Improvement in PIA

PIA has cut losses of Rs13.5bn this year: aviation adviser

ISLAMABAD: Adviser to Prime Minister on Aviation Affairs Shujaat Azeem said on Friday that the annual loss of Pakistan International Airline (PIA) had been reduced to Rs18 billion from Rs31.5 billion during the previous year.

He said the PIA was also paying Rs3.29 billion interest on legacy loans that were taken in 1992.
Speaking to reporters in the federal capital, the premier's adviser said that 10 more narrow-body airbuses and five aircraft manufactured by French-Italian manufacturer ATR would be inducted in PIA by the end of December this year.
Induction of more aircraft would help boost PIA's performance which would assist in generating more revenue, Azeem said.
Praising the initiatives for the improvement of the national carrier, he said the government was working towards introducing a new aviation policy to discourage corruption within PIA.
PIA had received delivery of its eight A-320 aircraft acquired on long-term dry lease from General Electric, Azeem added.
He also said that the PIA has 25 operational airbuses and 11 ATR aircraft at present and increasing the number would also help overcome its financial difficulties.

 



 

Sunday, October 26, 2014

Interview

Khawaja Saad Rafiq | Minister of Railways 


This interview was published in Weekly Nidai Millat dated October 23, 2014.




Wednesday, October 22, 2014

Pakistan Railways: China to inject $3.5b into infrastructure development

Pakistan Railways: China to inject $3.5b into infrastructure development

 

Lahore : A 23-member delegation of Chinese technical experts, led by Meng Wenli, Chief Engineer Alignment, will come on a trip to Pakistan at the weekend to pick the areas for an investment of $3.5 billion and complete the rehabilitation and replacement of tracks from Karachi to Peshawar.
The delegation, comprising representatives of China Railway Eeyuan Engineering Group Company, would arrive on October 25 and undertake a comprehensive study of a 1,400-km rail track with the technical support of the National Engineering Services of Pakistan (Nespak) and the Pakistan Railways Consultancy and Advisory Service, said an official.
The survey will also cover 2,340 bridges and 11 tunnels from Karachi to Peshawar via Hyderabad, Bahawalpur, Multan, Sahiwal, Lahore, Gujranwala, Gujrat, Jhelum, Rawalpindi and Attock.
Initially, the visit was scheduled for May this year, but was delayed and rescheduled for the last week of October. The team will prepare a report and submit it in February next year to the governments of China and Pakistan for further deliberation and reaching agreements.
China has expressed interest in pouring about $3.5 billion into infrastructure development for the railways. The areas where the money will be injected include replacement of rail tracks over 375 km, deep screening of ballast over 1,260 km, conversion of un-manned level-crossing into underpasses at 50 places, conversion of manned level-crossing into flyovers at 250 places, realignment of 40 big curves, strengthening of 500 bridges and doubling a 438km track at various places between Shahdara and Peshawar.
“This investment is, in fact, a loan being given by China at a concessionary interest rate of 1.5% under the Pakistan-China Economic Corridor,” the official said. “It will be released by the Export-Import Bank of China after receiving sovereign guarantees from the Pakistan government.”
The average speed passenger trains could run on this rail track is in the range of 85 to 105 km per hour, but they do not accelerate above 95 km per hour.
“After the replacement of tracks, the trains will run at the maximum speed of 120 km per hour for the next 15 to 20 years,” the official said.
According to the official, the Pakistan Railways complies with the Public Procurement Regulatory Authority (PPRA) rules, but in this particular case it will not be necessary to follow the rules as an agreement is being signed between the governments of Pakistan and China.
Only Chinese companies would participate in the bidding for contracts for all civil and engineering work. They would earn a profit of up to 20% to 25% on their investments and the Pakistan government would return the loan with interest payments to the financing bank, the official added.
“The management of Pakistan Railways was also asking China to undertake a project of electric traction over 1,400 km between Karachi and Lahore, but it refused,” said another official.
Published in The Express Tribune, October 22nd, 2014.

 

Tuesday, October 21, 2014

Video |

Hajj arrangements by PMLN government

Alhamdullilah nation is free of hajj scandals and those who looted the money of hujaj karam. PMLN minister Sardar Muhammad Yousaf has worked day and night for the betterment of hajj procedure.




Sunday, October 19, 2014

Column | Daily Express

Zahida Hina | Mian Nawaz Sharif will continue to surprise

This column was published in Daily Express dated June 21, 2009 

 

Friday, October 17, 2014

Column | The story of a Judge of Multan

Column | Rauf Klasra 

 Rauf Klasra is a known hardliner opponent of PMLN government. This column form the past reveals that even the staunch opponents of PMLN admit the struggle by the real heroes of democracy.  The column published in Daily Jang dated June 22, 2008 is presented for our readers.

 

Thursday, October 16, 2014

Interview

Zafar Iqbal Chaudhary | Vice President PMLN Mandi Bahauddin 

This interview was published in weekly Zindagi dated September 1, 2013. 

 
 

New discoveries | PPL on the roll

 New findings: PPL on a roll, makes fourth discovery


The expected output from the (Kinza X-1) well will translate into approximately 2,100 barrels per day in oil equivalent and foreign exchange savings of $200,000 per day. PHOTO: KASHIF HUSSAIN/EXPRESS
KARACHI: 
Pakistan Petroleum Limited (PPL) has announced that it hit another petroleum reserve in the Gambat South Block, its fourth discovery in the particular lease, which is located in Sanghar district, Sindh.
The exploration well, Kinza X-1 was spud on July 28 this year and reached the final depth of 3,695 metres on September 13.
“Initial testing flowed 12 million cubic feet per day (mmcfd) of gas along with condensate, thereby confirming presence of commercial quantities,” the company said in a statement.
PPL is the operator of Gambat South block with 65% working interest along with its joint venture partners Government Holdings and Asia Resources Oil Limited, which holds 25% and 10% interest, respectively.
In the same block, it has already found three producing wells – Wafiq, Shahdad and Sharf.
“Based on wire line logs, potential hydrocarbon bearing zones were identified in the Massive Sand of Lower Goru Formation, which are under testing,” PPL said.
The expected output from the (Kinza X-1) well will translate into approximately 2,100 barrels per day in oil equivalent and foreign exchange savings of $200,000 per day, it said.
The well is being flowed at different choke sizes to measure gas flow rates and the actual flow potential will be determined after the completion of the test.
In August, the company announced discovering 42 mmcfd of gas in Gambat South, its third and biggest discovery in the block. At the time, PPL said it was expecting the production to go up to 60 mmcfd.
It made the first two discoveries in Gambat last year.
Last month, another producing well was discovered in the Hala block, located in Sanghar and Matiari districts, Sindh.
The company said the well could produce 18.6 mmcfd of gas and 31 bpd of condensate from exploratory well Adam West X-1.
Hala is a joint venture between PPL and Mari Petroleum Company Limited, with 65% and 35% working interest, respectively. It covers as area of about 395 square kilometres.
PPL currently produces 10 mmcfd of gas and 150 bpd of condensate from another well in the Hala block.
PPL, which has a portfolio of 47 exploration blocks, has been aggressively searching for new hydrocarbon finds since last year to compensate for the decrease in production from its established fields like Sui.
State-run PPL had earmarked Rs10 billion to be spent on exploration activities during the last fiscal year with most of the focus on Gambat South.
The company accounts for 22% of the country’s gas production. In the fiscal year 2013-14, PPL posted a profit of Rs51.41 billion, up 23% over the previous year.
It has been trying to cut the depletion rate of its fields by installing compressor plants and drilling more wells.
PPL’s six producing fields include Sui, Kandhkot, Adhi, Mazrani, Chachar and Hala, while it has working interest in eight partner-operated fields.
Published in The Express Tribune, October 15th, 2014.