Tag Archives | pakistan

Iraq to pay Pakistan Petroleum $6m in Settlement

By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has reached what it describes as "a mutually favourable settlement" with Iraq's state-owned Middle Oil Company, successfully concluding all matters relating to the Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and […]

Pakistan Petroleum to pull out of Iraq's Block 8

By John Lee. Iraq's Council of Ministers has approved a settlement terminating Pakistan Petroleum Limited (PPL)'s contract for Exploration Block 8. The recommendation to terminate came from the Ministerial Council for Energy, and involved the state-controlled PPL and the Ministry of Oil's Middle Oil Company. The settlement agreement includes closing all mutual obligations by paying […]

Kurdistan Region Strengthens Commercial Ties with Pakistan

Kurdistan Region Strengthens Commercial Ties with Pakistan On Wednesday, October 11, 2023, Kamal Muslim, the Minister of Trade and Industry for the Kurdistan Regional Government (KRG), held a meeting with Ahmed Amjad Ali, the Ambassador of Pakistan to Iraq. During the meeting, both parties discussed strategies to enhance bilateral trade relations, with a special emphasis […]

Pakistani Firm Sells Stake in Iraqi Cement Maker

By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]

Pakistan delivers 'Super Mushshak' Planes to Iraqi Air Force

By John Lee. The Pakistan Aeronautical Complex (PAC) has delivered its first batch of Super Mushshak trainer aircraft to Iraq. The planes were handed over in the presence of the Air Force Commander Shihab Jahid Ali, at the Air Base of Martyr Ali Fuleih in Iraq. The contract to supply the planes was signed almost […]

Iraq Airways to start 6 Flights per week from Pakistan

By John Lee. Iraq Airways will reportedly start operating six flights per week from Pakistan. According to Associated Press of Pakistan, there will be four flights from Karachi and two from Islamabad, starting on 29th July, serving Baghdad and Najaf. The company appointed Wardah International Services (Pvt) Limited as its General Sales Agent (GSA) for […]

Iranian Gas passed off as Iraqi Origin

By John Lee. Media in Pakistan report that Iranian LPG has been illegally imported into the country under the guise of Iraqi product. According to Business Recorder, the latest case is one of five ships which are allegedly involved in the illegal import of Iranian LPG using a falsified declaration of origin. Pakistan's Ministry of […]

Iraq plans to Expand Domestic Defense Industry

By John Lee. Iraq has reportedly confirmed that it will open new production facilities for the manufacture of weapons and light munitions, and even the assembly of combat aircraft. The Director of the Defence Industries Commission, Mohamed Sahib Al-Daraji (pictured), told the state-controlled Iraqi News Agency (INA), that: "Iraq has concluded memoranda of understanding with […]

Iraq to sign Double Taxation Agreements

By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet authorised the Ministry of Finance to negotiate and initialize a draft agreement for the avoidance of double taxation and the prevention of tax evasion on income and capital, between Iraq and Jordan, […]