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The Biz Update

Fawad Appreciated IMC’s Contributions to Economy

Karachi, January 17, 2019: Federal Minister for Information and Broadcasting, Fawad Chaudhry visited Indus Motor Company and commended the company’s efforts to promote localization, utilizing domestic workforce and numerous locally manufactured parts. He also planted a tree to participate in IMC’s Million Tree Drive and lauded the CSR initiatives of IMC including the Million tree plantation drive…

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Offshore Drilling: A Bet on Wildcat (G-Block) – A Grand or A Gaffe?

Karachi January 15, 2019: Pakistan Exploration & Production (E&Ps) companies along with international partners have ventured into offshore territory of underexplored but promising Indus G-Block for a deep-sea drilling endeavor. The operator of the block, ENI (an Italian company working in Pakistan’s upstream sector since 2000) has chartered Saipem 12000 rig/ship to drill the exploration…

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