Gudu and Nandipur power plants to be privatization: Senate committee
ISLAMABAD – A meeting of the Senate Standing Committee on Privatization was held under the Chairmanship of Senator Afnan Ullah Khan to consider The Privatization Commission (Amendment) Bill, 2025 and to review the current developments regarding…
Gas Sector Circular Debt: An Accounting Adjustment, Not a Structural Reform
ISLAMABAD – Gas sector’s circular debt stands at Rs. 3.3 trillion, with a principal amount of Rs 1.7 trillion and a late payment surcharge of Rs 1.5 trillion, as of the end of June 2025. Gas sector deficit emerged in 2016 upon importing RLNG due to…
HSD rate declined by Rs 14 wef Dec 16
ISLAMABAD – Federal government on Monday announced a significant reduction in the rate of High Speed Diesel (HSD) while keeping the price of petrol unchanged for fortnight starting from December 16 to 31. According to Petroleum Division, the price of HSD…
uwait’s Minister of Oil Tariq Sulaiman Al-Roumi visits Petroleum Division
ISLAMABAD (Dec 15) Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting in Kuwait with H.E. Mr. Tariq Sulaiman Al-Roumi, Minister of Oil of the State of Kuwait, to discuss matters of mutual interest and strengthen bilateral cooperation in the…
OGDCL settlement of receivable from Uch Power
ISLAMABAD (Dec 12) – Oil and Gas Development Company (OGDC) has received Rs41.8bn from Uch Power as part of the power sector circular debt settlement. As per our channel checks, OGDC’s receivables from Uch have been improving over the past…
Energy companies of Turkish and Azerbaijan investing in Pakistan
ISLAMABAD – The present government’s policy reforms and administrative actions have not only attracted investment from state-owned oil and gas companies in Turkey and Azerbaijan, but have also been instrumental in settling outstanding invoices and…
Pak-Turkish reiterated to get goal of $5 billion in bilateral trade
ISLAMABAD (DEC 2) – Federal Minister for Petroleum Mr. Ali Pervaiz Malik held a delegation level meeting today with the Minister of Energy and Natural Resources of the Republic of Turkiye, Mr. Alparslan Bayraktar, to discuss avenues for deepening…
PPL’s interest in Eastern Offshore B-C approved
ISLAMABAD – The Economic Coordination Committee (ECC) has approved PPL’s request for Assignment of Participating Interests in the Eastern Offshore Block-C, marking a significant milestone in Pakistan’s offshore exploration efforts. Under the…
Sui companies sought 5 % increase in RERR FY26
ISLAMABAD – Sui companies (Sui Northern Pipeline Limited, Sui Southern Gas Company) are seeking an increase of 5 percent over lase prescribed prices in their revised estimated revenue requirements (RERR) for fiscal year 2026. Both asked slight…
MD SNGPL reviews RLNG connections in Islamabad
ISLAMABAD – Managing Director Sui Northern Gas Amer Tufail briefed the national media today at the Company’s Regional Office, Islamabad, regarding the Prime Minister’s directives on new RLNG connections, their implementation at SNGPL, and the…