Sitara Petroleum Service Limited IPO Launch SPSL Aims to Raise Rs 4.8 Billion for Fuel Network Expansion
Sitara Petroleum Service Limited SPSL announces its IPO to raise Rs 4.8 billion for oil storage terminals and retail network expansion with Arif Habib Limited as lead manager.
OGDCL Announces Major Gas Discovery at Sahito 1 Well in Sindh
Oil and Gas Development Company Limited discovers 17.2 MMSCFD of gas at the Sahito 1 exploratory well in Khairpur, marking a win for Pakistans energy sector.
Hamed Yaqoob Sheikh Joins OGDCL Board as Ex-Officio Director Following Ministry Appointment
Oil and Gas Development Company Limited appoints Petroleum Secretary Hamed Yaqoob Sheikh to its board of directors, marking a significant leadership shift in Pakistan’s energy sector.
OGDCL Receives Rs7.73bn Seventh Installment Under Circular Debt Settlement Plan
OGDCL has received its seventh monthly interest payment of Rs7.73 billion under Pakistan’s Circular Debt Settlement Plan, raising total recoveries to nearly Rs54 billion as part of government-led energy sector reforms.
Pakistan Petroleum Limited Names Muhammad Mubbashar Siddiqui as Interim Chief Financial Officer
Pakistan Petroleum Limited has appointed Muhammad Mubbashar Siddiqui as its interim Chief Financial Officer following board approval, effective January 22, 2026, replacing CEO Mohammad Khalid Rehman in the CFO role.
OGDCL Collects Rs7.725 Billion Sixth Installment Under Pakistan’s Circular Debt Plan
OGDCL receives Rs7.725 billion as the sixth monthly installment from Power Holding Limited under Pakistan’s circular debt settlement mechanism, marking steady progress in addressing the energy sector’s financial liabilities.
Azerbaijan Eyes $2 Billion Investment in Pakistan Across Energy, Oil & Gas and Mining Sectors
Azerbaijan has expressed interest in investing nearly $2 billion in Pakistan, focusing on energy, oil and gas, mining and digital sectors, as Finance Minister Muhammad Aurangzeb outlines broader regional connectivity and investment-led growth plans.
OGDCL Receives Rs. 7.72 Billion Fourth Interest Payment Under Government’s Circular Debt Settlement Plan
Oil & Gas Development Company Limited (OGDCL) has received Rs. 7.72 billion as the fourth interest installment from Power Holding (Private) Limited (PHL) under Pakistan’s circular debt settlement plan, marking continued progress in addressing the financial challenges within the country’s energy sector.