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.
ECC Approves Wheat Disposal, Petroleum Imports and Key Economic Measures
ECC approves PASSCO wheat disposal, petroleum imports through bonded storage, an OQ Trading-PSO agreement, K-IV funding and Reko Diq security support.
Power Division Asked to Provide Payment Plan for Mounting SNGPL Receivables
Petroleum Division has sought a workable payment plan from Power Division for SNGPL’s outstanding indigenous gas and RLNG dues, with timelines for settlement.
Pakistan and Gunvor Group Reaffirm Petroleum Sector Investment Commitment
Pakistan and Switzerland-based Gunvor Group reaffirmed cooperation in refinery modernisation, petroleum reforms, oil price deregulation and investment to strengthen the country’s energy security.
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.
Pakistan and Oman Strengthen Energy Ties Amid Evolving Regional Dynamics
Federal Minister for Petroleum Ali Pervaiz Malik and Oman Ambassador discuss diversifying energy imports and alternative supply routes beyond the Strait of Hormuz.
K-Electric Appoints Syed Taha as New CEO to Lead Karachi Power Utility
K-Electric has named Syed Taha as its new Chief Executive Officer, effective April 2026, bringing extensive energy sector experience from PSO and Oasis Energy.
Mutual Funds Shift to Debt as Equity AUMs Drop 9 Percent in February 2026
SBP and AHL data show a rotation toward safer assets in Pakistan’s mutual fund industry, with equity AUMs falling to Rs678bn while debt holdings rise.
PSX rebounds over 4,500 points as easing political uncertainty lifts investor sentiment
The Pakistan Stock Exchange surged over 4,500 points in early trading as investor sentiment improved, reversing Monday’s sharp sell-off amid reduced political uncertainty and across-the-board buying in key sectors.
Hub Power Unveils Major Energy Expansion with New Oil Terminal, EV Charging Network and Industrial Projects
Hub Power Company has announced an ambitious plan to build a new oil terminal, expand into offshore energy exploration, and roll out Pakistan’s largest EV charging network. The company is diversifying across energy, infrastructure, and electric mobility to address the country’s growing energy and transportation needs.