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Ministry of Energy submitted a summary to allow amending the Petroleum Concession Agreement, allowing GHPL Assignment of Working interest in Wali, Jandaran West, Saruna and Pesu block of OGDCL. The ECC approved to amend the respective Petroleum Concession Agreements by allowing GHPL to increase its Working Interest above its statutory Working Interest of 2.5% being state participator in Wali, Jandran West,Saruna and Pesu blocks of OGDCL. NPMC was also briefed on the prices of Pulses in the country, NPMC was informed that there was stability in price of Gram Pulse, while price of Moong pulse decreased by Rs. 6 per kg during last six weeks. Personal Banking The CEO of Supernet Ltd says the company’s listing offers investors a 60pc discount over the sector-wide average. Saadiq Business Mortgage Finance is based on the Islamic structure of “Diminishing Musharakah”. Diminishing Musharakah is a form of co-ownership in which the Bank and customer share the joint ownership of a tangible a...

Development Nust The Finance Minister underlined that the housing sector has been the priority sector of the Government and the Present Government is determined to provide houses to the low and middle income groups at affordable prices. The Federal Minister further directed the relevant authorities to address and resolve the operational ambiguities on priority basis. A thorough presentation was given to the Finance Minister on the progress of Kamyab Pakistan Program. It was informed that Kamyab Pakistan Programme is going successfully and applications for the award of loans are being received through SMS. It was apprised to the meeting that loans of more than Rs. 2.5 billion have been disbursed. Small loans for business, farmers and construction of houses are included under the program. The performance of Pak-Libya Holding Company was also discussed during the meeting and the Finance Minister commended the development of the company. Further, it was stressed that Pak-Libya Chamber ...