Pakistan Petroleum Limited awarded two new blocks for hydrocarbon exploration

Government allocates Kalat South and Ziarat North to PPL joint ventures with industry partners

Petroleum prices expected to drop for next fortnight

Petrol price likely to decline by Rs3.5, HSD to go down by Rs7 per litre due to downtrend in international market and easing import premium 

ECC raises concerns over DISCOs’ failure to meet loss reduction targets

Committee demands stronger measures to reduce power distribution losses after an unsatisfactory performance by newly reconstituted boards of DISCOs

Pakistan, Russia agree to set up steel mill in Karachi

New initiative aims to enhance bilateral relations and foster collaboration in the steel industry

SSGC swings to Rs. 8.29 billion profit in FY24, up 1,092% YoY

Gas utility rebounds from last year's loss, stock price rises by over 7%, auditor flags doubtful receivables as key risk

Karachi residents to get PKR 3.64/unit relief in May bills

NEPRA notifies relief of PKR 3.64 per unit for K-E consumers under February 2025 FCA

Textile exporters call for tariff revision to address industrial electricity billing discrepancies

Pakistan Textile Exporters Association seeks a more efficient tariff structure to incentivise higher-voltage connections and reduce system inefficiencies

SBP injects Rs 13.1 trillion into market through OMOs

Central bank conducts market operations to manage liquidity and maintain stability

Mari Energies announces gas discovery at Soho-1 Well in Sindh

Company reports a significant gas discovery at Soho-1 well in the Sujawal Block, with gas flowing at impressive rates.

CPPA-G projects reduction in power purchase price by Rs 0.30 to Rs 2.25 per unit for FY 2025-26

Price reduction forecast based on varying scenarios of demand, fuel prices, and exchange rates

Punjab clears pilot program for 1,100 e-taxis

Solar-powered charging stations to be set up for 1,100 e-taxis

Govt plans nationwide switch to energy-efficient DC fans

Initiative aims to save 5,000 MW of electricity annually

129 large industrial units in Khyber Pakhtunkhwa face closure due to financial challenges

Of 218 large industrial units, 129 are struggling with financial difficulties, while 991 small units remain operational across the province

Govt proposes reconstitution of LNG import committee after seven years of stalled consensus

Petroleum Division seeks to revive efforts to address LNG import issues and resolve Sindh's concerns

OPEC+ poised to approve another oil output hike for June amid weak price environment

Supply increases come as Saudi Arabia signals unwillingness to extend deeper cuts; Brent falls to $61.29 per barrel