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.
Kuwait Signals Expansion of Investments in Pakistan’s Energy and Infrastructure Sectors
Pakistan and Kuwait have agreed to deepen cooperation in energy, trade, and investment, with the Kuwait Investment Authority expressing interest in expanding its investment portfolio in Pakistan.
OGDC Strengthens Offshore and Onshore Exploration with Strategic Block Acquisitions
Oil & Gas Development Company Limited (OGDC) secures stakes in one offshore and two onshore exploration blocks, partnering with major domestic and international players to boost Pakistan’s energy exploration landscape.
Nepra Questions DISCOs Over Installation of 4 Million AMI Meters Without Approval
The National Electric Power Regulatory Authority (Nepra) has raised concerns over the installation of four million Advanced Metering Infrastructure (AMI) meters by Pakistan’s distribution companies without prior regulatory approval, highlighting investment, billing, and consumer compliance challenges.
World Bank Conducts Mid-Term Review of $55mn Pakistan Power Efficiency Project
World Bank, EDEIP, electricity distribution, Pakistan energy sector, power reforms, infrastructure financing, HESCO, MEPCO, PESCO, energy efficiency, development projects, power sector investment, project monitoring, mid-term review, financing utilization