State Bank of Pakistan Extends CIF Import Permission for Crude Oil and Petroleum
The State Bank of Pakistan extends the deadline for importing crude oil and petroleum products on a CIF basis until July 10, 2026, to maintain energy sector flexibility.
Jawwad Ahmed Cheema Appointed CEO of Pakistan State Oil for Three Year Term
Pakistan State Oil names former Shell executive Jawwad Ahmed Cheema as its new CEO starting May 2026 following a strategic board decision in Karachi.
Hub Power Reports 8 Percent Rise in H1 Net Profit to Rs14.64 Billion on Strong Dividend Income
The Hub Power Company Limited posts net profit of Rs14.64bn for H1 FY2026, driven by an 80% surge in dividend income, lower finance costs, and reduced administrative expenses, while operational revenue remains nil.
Prime Minister Shehbaz Sharif Invites US DFC to Boost Investment in Pakistan’s Key Sectors
Prime Minister Shehbaz Sharif highlights Pakistan’s improving economic fundamentals and invites US International Development Finance Corporation to enhance financing in energy, minerals, agriculture, and IT sectors.
Engro Holdings to Divest 18.53% Stake in Engro Powergen Qadirpur While Retaining Control
Engro Holdings plans partial divestment of its shareholding in Engro Powergen Qadirpur through Engro Energy Limited, maintaining majority ownership and strategic operational control.
National Bank of Pakistan Offers Restructuring of Banking Facilities to Hascol Petroleum
NBP issues a restructuring and rescheduling offer to Hascol Petroleum, marking a key step in the company’s financial turnaround and operational efficiency efforts.
World Bank President Ajay Banga to Meet Pakistani Officials on Economic Reforms and Energy Sector
World Bank President Ajay Banga will visit Islamabad from January 31 to February 4, 2026, meeting Pakistani officials to discuss economic reforms, fiscal sustainability, and energy sector initiatives.
Pakistan Integrates USPBA with BOI to Attract U.S. Private Sector Investment
Pakistan formally registers the U.S. Pakistan Business Alliance with the Board of Investment to streamline U.S. investment, promote key sectors like technology, energy, and minerals, and enhance trade ties.
IMF Sets 11 New Structural Benchmarks for Pakistan under EFF and RSF Programs
Pakistan has been assigned 11 new structural benchmarks by the IMF under the Extended Fund Facility and Resilience and Sustainability Facility, focusing on fiscal reforms, governance, financial stability, and energy and trade sector improvements.
PPL completes successful workover at Adam West X-1 ST well in Hala Block
Pakistan Petroleum Limited executes a major workover operation at Adam West X-1 ST well, restoring gas production to 8.5 MMscfd, reinforcing its commitment to Pakistan’s energy security and economic growth.