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Turkmenistan and Pakistan will expedite TAPI work

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5 months ago

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Galkynysh, the second-largest gas field in the world, and the Indian city of Fazilka, which is close to the Pakistani border, are the destinations of the 1,800 km (1,125 mile) pipeline that is anticipated to transport 33 billion cubic meters (bcm) of natural gas annually.

After Minister of Petroleum Musadik Malik met with Turkmenistan’s Foreign Affairs Minister Rashid Meredow, who was visiting Pakistan for two days, the two countries decided to expedite construction on the TAPI gas pipeline project, according to Radio Pakistan.

The TAPI Gas Pipeline project, which aims to promote economic integration and energy security, has achieved significant progress thanks to collaboration, according to a quotation from Musadik obtained by Radio Pakistan.

There at the conference was the CEO of TAPI Pipeline Company, who stated that the pipeline project had advanced significantly and was headed in the right direction because of Pakistan’s Ministry of Petroleum and Special Investment Facilitation Council’s interest.

A “roadmap” for boosting Pakistan-Turkmenistan collaboration would be drafted, according to Turkmenistan’s Minister of Foreign Affairs, Rashid Meredow.

Project TAPI
A 1,680 kilometer pipeline with a 56-inch diameter that could carry 3.2 billion cubic feet of gas per day (bcfd) would be built as part of the project, starting in Turkmenistan and ending in Afghanistan, Pakistan, and then India.

Afghanistan will obtain its portion of 0.5 billion cubic feet of gas per day (bcfd) under the terms of the TAPI deal, while Pakistan and India will receive 1.325 bcfd each.

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project was established in June after Pakistan and Turkmenistan inked a cooperative implementation plan in Islamabad on Thursday.

Present at the event were Turkmenistan’s Minister of Energy and Water Resources, Daler Juma’a, leading a delegation headed by Prime Minister Shehbaz Sharif.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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