The Auditor General of Pakistan says the Petroleum Division failed to seek federal nominations for directors of SSGC, PSO and PPL subsidiaries. AGP cites inadequate oversight and delays, urging action.
Govt absorbs Rs6.57/litre on high-speed diesel and 39 paisas/litre on petrol through a higher petroleum levy, denying consumers the benefit of lower global oil prices
Regulator says investment approvals remain provisional, retains X-Factor and allows Rs53.501 billion in operation and maintenance expenses for FY2025-26
Mari Energies secures stakes in all 23 offshore blocks, including 18 as operator and five as a joint venture partner, while OGDCL and Pakistan Petroleum receive eight blocks each; Prime Global Energies awarded one block as operator