Pakistan News

    Ccdc Drilling Company In Pakistan

  • More drilling at Moenjodaro recommended

    LARKANA: The Technical Consultative Committee (TCC) of the National Fund for Moenjodaro (NFM) met at the site on Monday and after assessing the undertaken dry core drilling process and its pace, recommended more drilling outside the 42 points where drilling has already been done...

    Geologist Dr Sarfraz Solangi, who supervises the process, briefed the TCC members about the drilling and findings, sources said...

  • Dry-core drilling at Moenjodaro resumes

    LARKANA: The dry-core drilling at Moenjodaro, which started more than a week ago only to be halted after a few days, resumed on Monday after test drilling at DK-B area in the southern part of the archaeological site...

    The drilling had to be halted after it was found that the bits and barrel brought by the contractor to drill were not working as per requirements of experts...

  • Dry core drilling at Moenjodaro due since 2006 set to start

    LARKANA: After a long delay, the Sindh culture department has awarded the contract for resuming the dry core drilling at Moenjodaro, a mandatory requirement of Unesco, to determine the actual areas of the historical site...

    PPP chairman Bilawal Bhutto-Zardari had launched the dry core drilling project on April 5, 2014 which Unesco has been demanding since 2006...

  • Fresh US drilling capping oil price: Opec

    PARIS Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, Opec said on Monday...

    “Production adjustments by Opec and some non-Opec producers supported the market, although gains were capped by increased drilling activity in the US,” it said...

  • Drilling off Karachi coast stopped as no reserves found

    ISLAMABAD: Hopes for the discovery of large reserves of oil and gas off Karachi coast faded after it was officially announced on Saturday that the much-celebrated offshore drilling in Kekra-1 had been stopped because no reserves were found...

    Around 17 attempts have been made in the past, but all remained unsuccessful despite encouraging data from each drilling...

  • OGDCL begins shale gas drilling in Hyderabad

    ISLAMABAD: State-run Oil & Gas Development Company Ltd (OGDCL) on Monday announced to have started drilling of first shale gas well in Hyderabad for exploration of unconventional hydrocarbon deposits...

    The company said in a statement that it had technically planned to drill the well, named KUC-01, in two phases...

  • Pakistan Navy buying vessels for special operations from US company

    WASHINGTON: Pakistan Navy has placed an order for two 75m Swift Corvettes from a US-based shipbuilding company, Swiftships, said the company’s Chief Executive Officer Shehraze Shah...

    In an interview with a defence and security magazine Mönch, Mr Shah said that the Pakistan Navy had also purchased Swiftships’ 11m Special Operation Craft Riverine, which was deployed for counterinsurgency and drug-interdiction missions...

  • International security company hired for Pakistan by ICC: Sethi

    LAHORE: The International Cricket Council (ICC) has hired an international security company on a three-year term in order to aid the resumption of international cricket in Pakistan, Pakistan Cricket Board (PCB) chairman Najam Sethi said on Tuesday...

    Sethi told Dawn that the security company will visit the country during either the last week of August or the first week of September...

  • Panama president admits to offshore company in Pakistan and other unbreakable news

    Panama City: According to an un-leaked set of papers which were to be leaked along with the notorious Panama Papers (but weren’t), the president of Panama, Jean-Claude Van Damme, has an off-shore company in Pakistan...

    According to the newspapers and TV channel owned by the PLMG, President Damme, who came to power after the 2014 presidential election, opened an offshore company in Lahore in December 2014...

  • Chinese company to build LNG, gas pipeline projects in Pakistan

    5 billion Gwadar liquefied natural gas (LNG) and the Iran-Pakistan gas pipeline in November, Interstate Gas Systems (ISGS), who opened the technical bid for the construction of projects told media personnel on Wednesday...

    Related: Iran Pakistan gas pipeline to be completed by 2017CPP will construct the terminal with a capacity to handle 500 mmcfd (million cubic feet per day) of LNG and a floating storage gasification unit...

  • Pakistan Microfinance Investment Company launched

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar...

    The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department for International Development (DFID) — and the KfW, a German...

  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    Under the provisions of Corporate Restructuring Companies Act 2016 with an initial paid-up capital of Rs500 million, the banks have decided to establish the Corporate Restructuring Company (CRC) — first of its kind company in the country...

  • Company linked to PM’s Digital Pakistan unit stirs controversy

    KARACHI: A company related to the Digital Pakistan initiative — a brainchild of Prime Minister Imran Khan’s government — has stirred a controversy on social media, questioning the involvement of Tania Aidrus, the premier’s special aide leading the initiative, who is among the board of directors of the related company...

    Prime Minister Khan had launched the Digital Pakistan programme on Dec 5 last year and named Ms Aidrus, a Google...

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