Pakistan ECC Approves Strategic IPP Tariff Revisions to Save Billions in Energy Costs
The Economic Coordination Committee approves major tariff renegotiations with 20 power projects including wind and solar plants to reduce circular debt and consumer rates.
SSGC Appoints Muhammad Amin Rajput as Managing Director and CEO for Three Year Term
Sui Southern Gas Company names Muhammad Amin Rajput as Managing Director and CEO for three years, formalizing his leadership after serving as interim head since February 13.
OGDC Reports Rs73 Billion Profit in 1HFY26, Announces Record Rs7.75 Per Share Dividend
Oil & Gas Development Company Limited (OGDC) posts Rs73.019 billion profit for 1HFY26, declares record Rs7.75 per share interim dividend, reports Rs192.830 billion in revenue and expands offshore exploration footprint.
OGDCL Boosts Kal-03 Output to 750 BPD After Workover Intervention in Chakwal
OGDCL raises crude production at Kal-03 well in Chakwal from 50 to 750 BPD after multistage treatment and ESP installation as part of mature field optimization strategy.
Pakistan Requests Saudi Oil Facility Extension and UAE Deposit Rollover Amid IMF Program
Pakistan seeks a two-year extension of the $1.2 billion Saudi Oil Facility and a one-year rollover of $2 billion UAE deposits to support its IMF program and stabilize the economy.
Mari Energies Discovers Gas at Tibri-1 Well in Kalchas South Block, Balochistan
Mari Energies Limited announces gas discovery at Tibri-1 well in Kalchas South Block, Balochistan, with initial tests showing up to 11 MMSCFD, marking a key step in Pakistan’s domestic energy development.
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.
Pakistan Approaches World Bank for Refinancing $36bn Energy Sector Debt to Reduce Power Tariffs
Pakistan has approached the World Bank to explore refinancing options for $36 billion in energy sector debt, aiming to replace costly foreign loans with cheaper multilateral financing and reduce electricity prices for consumers.
VIS maintains AAA rating for OGDC with stable outlook, highlighting financial resilience and liquidity
VIS Credit Rating Company reaffirms long-term AAA and short-term A1+ ratings for Oil & Gas Development Company Limited (OGDC), underlining its financial strength, robust liquidity, and key contribution to Pakistan’s energy security and economy.