Karachi : Sindh Provincial Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, has stated that the Sindh Energy Holding Company of the Sindh Energy Department has achieved its revenue target of Rs 113 million for the current financial year, while a target of Rs 266 million has been set for the upcoming financial year 2025-26. He expressed these views today while presiding over a high-level meeting of the Sindh Energy Holding Company (Limited).
The meeting was attended by Sindh Energy Department Secretary Mushtaq Ahmed Soomro, Additional Secretary Zain-ul-Abideen, MD Thar Coal Energy Board Tariq Ali Shah, CEO STDC Saleem Ahmed Shaikh, Senior GM Technical STDC Taqi Saeed, and other relevant officials.
On this occasion, Tufail Ahmed Khoso briefed the meeting and informed that as a result of investments made by the company, it will continue to earn an annual profit of Rs 250 million for four years.
The Energy Minister was further informed that in 2023-24 the company invested Rs 34 million in the oil and gas sector, while in 2024-25, Rs 105 million were invested — meaning a 209% increase compared to last year.
On this occasion, Energy Minister Syed Nasir Shah directed that the Sindh Energy Holding Company should only invest in those oil and gas sectors where profits are guaranteed. He further instructed that a summary of proposals regarding SEHC should be prepared for the Chief Minister of Sindh so that future steps and planning can proceed in accordance with the Chief Minister’s directives.
Nasir Shah emphasized that investments should be made in projects with minimal risk. The Energy Minister further instructed that recruitment must be done purely on merit, however local individuals should be given preference. If candidates meeting the criteria are not available in the concerned areas, then candidates should be selected on merit from any relevant district.
Nasir Shah said that in locations where oil and gas are discovered, the first right to employment belongs to the local people and educated youth.
