Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Billie Eilish Elon Musk
    EntertainmentVideos

    Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

    November 14, 2025 3 Min Read
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Balochistan demands share in PPL dividends
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Balochistan > Balochistan demands share in PPL dividends
BalochistanBusiness

Balochistan demands share in PPL dividends

Web Desk
By Web Desk Published December 27, 2015 5 Min Read
Share
SHARE

The federal and Balochistan governments have not being able to reach an agreement on the province’s demand for a share in lucrative dividends offered by oil and gas explorer Pakistan Petroleum Limited (PPL).

A representative of the Balochistan government came up with the demand in a meeting of a working group held on November 11 to resolve issues pertaining to extension in the lease contract for Sui field, say officials aware of the development.

However, the director general of petroleum concession countered that such a proposal was not covered by rules and the policy.

An official of the Finance Division suggested that the province could buy PPL shares at market price as done by the central government, but it did not win the nod of Balochistan.

PPL operates 26 exploration blocks and has stakes and working interest in 17 other blocks. The energy secretary of Balochistan desired to know details of the acquisition of shares in Sui/Burma Oil Company in the next meeting.

The working group was set up following protest by the Balochistan government over extension in the mining lease contract for Sui field by the federal government.

The centre has granted a one-year extension in the mining lease for Sui, which is in Balochistan and meeting needs of gas consumers for over six decades.

In a meeting on October 7, Petroleum and Natural Resources Minister Shahid Khaqan Abbasi, however, clarified that notwithstanding any provision of the constitution and its interpretation, the federal government wanted to take Balochistan into confidence while arriving at a final decision on extending the Sui mining lease.

He said the extension decision was taken on the last day prior to expiry of the lease and that too was only for one year in the larger national interest as an interim arrangement to avoid disruption in gas supply.

“This interim arrangement will remain in place only until the resolution of outstanding issues,” he remarked.

Abbasi assured Balochistan of maximum cooperation and facilitation in reaching a sustainable solution and finding a way forward according to the Constitution of Pakistan and applicable laws and rules.

Reposing trust in policies of the federal government, then Balochistan chief minister Abdul Malik Baloch stressed that the provincial government would reciprocate in the same manner.

However, he insisted that constitutional rights of the province should be safeguarded and protected. He was of the view that extension in the Sui mining lease should not have been granted without prior consultation with the province.

Instead of taking such steps, the chief minister said he would prefer engaging the provincial cabinet and the assembly to arrive at a final decision in a democratic manner.

“Though I don’t agree with the interim extension in the mining lease, the government of Balochistan does not want to create hurdles or disrupt gas production and desires an amicable and workable way forward,” he remarked.

The chief minister suggested that the issue of mining lease would only be discussed with a representative of the federal government and not with the field operator, PPL.

He proposed that a working group should be constituted comprising representatives of the federal and provincial governments. He also called for holding regular meetings of the committee to come up with a solution. The working group will frame recommendations for consideration of the respective governments.

The chief minister proposed that Balochistan’s representative in the PPL board of directors should be a nominee of the province to ensure that its rights were protected and ensured. “Balochistan only wants what is rightfully its share under the constitution,” he said.

Read : PPL drills deepest well in Pakistan’s history, finds oil in Attock
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Trump skilled immigration

Trump Defends Skilled Immigration Stance to MAGA Supporters,

Cristiano Ronaldo White House

Cristiano Ronaldo and Georgina Rodríguez’s Viral White House Elevator Moment

Australia Social Media Ban for age below 16

Meta to Remove Under-16 Users in Australia Ahead of Social Media Ban

Post Archives

More Popular from Photonews

Shahzeb Khanzada
Pakistan

Journalist Shahzeb Khanzada Confronted in Public, Sparks Widespread Condemnation

3 Min Read
Gold Prices in Pakistan Fall On November 14, 2025
Business

Gold Prices in Pakistan Fall On November 14, 2025

2 Min Read
Red Dead Redemption Netflix Games
Tech

Red Dead Redemption Coming to Netflix Games, PS5, Xbox Series X/S & Switch 2

3 Min Read
Pakistan

MQM Activist Kahkashan Haider Gets 8-Year US Prison Sentence

A U.S. citizen and former Muttahida Qaumi Movement (MQM) activist has been sentenced to eight years…

November 18, 2025
Business

Gold Price in Pakistan Rises to Rs431,562 per Tola

Gold prices registered significant gains in both international and Pakistani markets on Wednesday. The precious metal…

November 19, 2025
Top NewsWorld

Trump Threatens ABC License Over Reporter’s Epstein, Saudi Questions

During a high-profile event at the White House on Tuesday, President Donald Trump issued a direct…

November 19, 2025
Top NewsWorld

US to Resume Nuclear Testing, Considers F-35 Sale to Saudi Arabia

Washington, D.C.: The United States will resume nuclear testing after a 33‑year pause, President Donald Trump…

November 15, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?