KARACHI/SUI,DERA BUGTI: Pakistan Petroleum Restricted (PPL) and the Authorities of Balochistan (GoB) have reached a big milestone by signing a Memorandum of Settlement (MoA) — a vital step in the direction of the execution of the Petroleum Concession Settlement (PCA) for the Sui Growth and Production Lease (D&PL).
The signing ceremony, held at Sui, District Dera Bugti, was graced by Chief Minister of Balochistan, Mir Sarfraz Bugti because the Chief Visitor, alongside the Federal Minister for Planning, Growth & Particular Initiatives Ahsan Iqbal, Senator Shahzaib Durrani, Senator Danesh Kumar, senior authorities officers, dignitaries, and key stakeholders.
The Managing Director and Chief Government Officer of PPL, Imran Abbasy and Secretary Power Division, Authorities of Balochistan, Muhammad Dawood Bazai, formally signed the settlement on behalf of their respective entities.
Underneath this landmark settlement, PPL will contribute roughly Rs. 60 billion to the Authorities of Balochistan within the type of Lease Extension Bonus, Production Bonus, and Social Welfare Obligations.
In a big transfer, PPL offered the primary tranche of Rs 36 billion to the chief minister of Balochistan, with the remaining disbursements scheduled for March and Might 2025.
As an organization deeply dedicated to company social duty (CSR), PPL has invested roughly Rs. 13.76 billion in Balochistan over the previous decade, together with an allocation of Rs. 2.72 billion in 2023-24 alone. These contributions span throughout vital areas resembling schooling, healthcare, infrastructure, free gasoline and water provide, and group improvement initiatives.
Recognizing the elemental wants of the folks of Sui, PPL has been offering important utilities freed from price, delivering gasoline value Rs. 7.4 billion and water value Rs. 1.7 billion over the previous ten years.
At present, PPL provides 4 MMscfd of gasoline and over 2 million gallons of water per day to the residents of Sui, guaranteeing improved dwelling situations for the area people. Moreover, PPL has generated employment for about 1,500 people in Sui, with almost 1,200 belonging to the native inhabitants.
The MoA underscores PPL’s dedication to sustainable improvement, aiming to reinforce the standard of life in Dera Bugti by structured initiatives outlined within the D&PL settlement.
Past gasoline and water provisions, PPL will lengthen academic scholarships to college students from Dera Bugti and facilitate technical and vocational coaching for engineers and diploma holders by the Balochistan Technical and Vocational Coaching Authority (B-TEVTA).
Additional, PPL will actively have interaction in healthcare and academic infrastructure rehabilitation in District Dera Bugti, in shut collaboration with the Authorities of Balochistan.
This MoA displays PPL’s unwavering dedication to social duty and reinforces its mission of uplifting marginalized communities. By fostering socioeconomic improvement, capability-constructing, and important service provision, PPL continues to play a pivotal position in driving progress and prosperity in Balochistan.
Copyright Enterprise Recorder, 2025
