It gives me great pleasure to welcome you to Punjab Energy Holding Company's website. We are at early stage and I hope that our portal creates an opportunity for our valued visitors around the world to learn more about our operations, financial performance, strategies, services, sustainability initiatives, and values. We, at Punjab Energy Holding Company, are committed to contribute to meet Pakistan growing energy needs. I foresee a very fast track growth of company through exercise of petroleum rights to provincial holding company in form of working interest for investment in E&P Blocks as per petroleum policy 2012 of Pakistan by joining hands with potential investors and key E&P players.
No doubt that globally oil and gas industry demonstrates changing long term dynamics and number of material developments over last few years. With this prevailing scenario working in oil and gas industry is certainly very interesting at this moment. Continuous depletion of existing natural oil & gas reserves and creation of a wide gap in demand and supply due to economic growth and coupling of maximum oil & gas resources in power generation to reduce load shedding hours poses complex and challenging future for the oil and gas industry of Pakistan. Our overall strategy is to invest in projects that generate long-term value, achieve returns well above our cost of capital while maintaining a conservative balance sheet.
We have taken initiatives to adopt the process of engagement of E&P experts, induction of competent professionals of oil & gas industry and collaboration with local and foreign investors. This will stimulate a broad level of business activity in very first financial year of the company which ultimately turns into earliest revenue generation stream of company to serve future years. The foundations have been laid for our next phase of growth. Our proactive role exhibits that we are fully committed for a speedy take off and aspire to move forward by strong ambitions without wastage of time.
I look forward to the future and remain confident that we have the right people and strategy in place to continually build strength throughout our companies operations.
Capt. (Retd) Saqib Zafar
Chief Executive Officer
Board of Directors