BUSINESS
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Pakistan Reaffirms Commitment to Mobilising Private Capital Through PPPs and Privatisation
ISLAMABAD, September 4, 2026: The Government today reaffirmed its commitment to increasing private sector participation in Pakistan’s economy through public-private partnerships (PPPs) and privatisation, pursuing both as key instruments of economic growth and transformation. The commitment was reiterated at the National Strategic Dialogue on PPPs and Privatisation and Launch of the Pakistan PPP Monitor, held…
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Petroleum Pricing Committee resolves to continue reforms to encourage greater competition in fuel supply chain
ISLAMABAD – The Committee on Petroleum Pricing chaired by Federal Minister for Petroleum Ali Pervaiz Malik, met to review the petroleum pricing framework and deliberate on measures to make fuel pricing more transparent, predictable while protecting consumers from undue price volatility. The Committee agreed on a set of recommendations for strengthening the existing pricing mechanism…
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PLL Board rejected the LNG spot bid for Sept 5 &8
ISLAMABAD: Pakistan has rejected the sole bid for an emergency liquefied natural gas cargo sought amid disrupted supplies from Qatar because the offer was higher than expected, a petroleum ministry official said on Tuesday. State-owned Pakistan LNG Limited (PLL) had sought a spot cargo of 140,000 cubic meters for delivery at Port Qasim in Karachi…
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OGDC, US Energy Technology Company Baker Hughes Sign Contract to Boost Oil and Gas Production from Mature Assets
ISLAMABAD, September 01, 2026: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has signed a contract with Baker Hughes, a leading US energy technology company, to deploy Mature Assets Solutions (MAS) aimed at revitalising ageing oil and gas wells and increasing Pakistan’s indigenous hydrocarbon production.The contract signing ceremony was held…
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Qaiser Ahmed Sheikh Calls for Learning from ‘Shanghai Spirit’
ISLAMABAD – Federal Minister for Board of Investment Qaiser Ahmed Sheikh has called for greater focus on peace, economic cooperation, dialogue and development, saying that Pakistan should learn from the “Shanghai Spirit” of cooperation and peaceful resolution of disputes to improve the quality of life of its people and strengthen its role in the region.…
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SECP Probe Leads to FIA Case over Alleged Multi-Billion-Rupee Irregularities at Unity Foods
ISLAMABAD: An inspection and subsequent actions including initiation of investigation proceedings by the Securities and Exchange Commission of Pakistan (SECP) into Unity Foods Limited has led to the registration of a criminal case by the Federal Investigation Agency (FIA) over alleged misuse of shareholders’ and company funds, falsification of accounts and other serious financial irregularities.Unity…