Pakistan Seeks Saudi Investment in Blockchain, Technology, Energy and Mining
Finance Minister Muhammad Aurangzeb has called for greater Saudi investment in Pakistan’s blockchain, technology, energy, mining and infrastructure sectors.
Government, PSO Review Measures To Strengthen Fuel Security And Strategic Reserves
Petroleum Minister Ali Pervaiz Malik reviewed measures with Pakistan State Oil to strengthen fuel security through international procurement, supply diversification, storage expansion, digitisation and retail modernisation.
HUBC Profit Rises 9% to Rs56.26 Billion in FY2026, Declares Rs5 Dividend
The Hub Power Company reports an 8.66% rise in annual net profit to Rs56.26 billion and declares a final cash dividend of Rs5 per share for FY2026.
IMF Urges Pakistan to Accelerate Electricity Tariff Adjustments to Curb Circular Debt
IMF urges Pakistan to implement timely electricity and gas tariff adjustments, reduce power sector losses and improve energy company finances.
Pakistan Power Sector Circular Debt Rises To Rs1.675 Trillion In FY26
Pakistan’s power sector circular debt increased by Rs61 billion to Rs1.675 trillion in FY26, with Discos’ operational inefficiencies contributing Rs262 billion.
PPL Appoints Syed Zakria Ali Shah As Ex Officio Director
Pakistan Petroleum Limited appoints Syed Zakria Ali Shah, Additional Secretary at the Ministry of Energy Petroleum Division, as an ex officio director.
OGDC Signs Agreement With Synergetic Oil Tools For Advanced Heavy Crude Oil Production Technology
Oil & Gas Development Company Limited signs agreement with Synergetic Oil Tools to deploy Passive Energy Tool technology for improving heavy crude oil production in Pakistan.
Mari Energies Signs Gas Sale Deal With Universal Gas Distribution Company For Waziristan Block
Mari Energies awards gas sale contract to Universal Gas Distribution Company for up to 17.5 MMscfd gas supply from Spinwam Gas Discovery in Waziristan Block.
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.