Sindh Energy Holding Company (SEHC) has surpassed its financial objective of Rs 113 million for the current fiscal year and has established a new objective of Rs 266 million for the 2025-26 fiscal year, according to Sindh’s Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah.
He made this announcement while chairing a meeting of the SEHC. Attendees included 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 officials.
Tufail Ahmed Khoso, briefing the attendees, projected an annual profit of Rs 250 million for four years due to the firm’s investments. The company invested Rs 34 million in the oil and gas industry in 2023-24 and Rs 105 million in 2024-25, a substantial 209% rise. Minister Shah directed SEHC to focus investments solely on profitable oil and gas ventures. He also requested a proposal summary for the Sindh Chief Minister to guide future actions.
Shah stressed low-risk investments and merit-based recruitment, prioritizing local talent. If suitable local candidates are unavailable, selection should extend to other districts based on qualifications.
He reiterated that local communities and educated youth have priority for employment opportunities in areas with oil and gas discoveries.