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Business

Web Desk Karachi
Dec 26, 2024

Pakistan’s economy faces $194m setback due to local gas production cuts

This reduction has also led to losses in crude oil output amounting to Rs5 billion, alongside a hit of Rs20 billion tax revenue.

Business

Web Desk Karachi
Dec 24, 2024

KUFPEC exits Pakistan, sells $60 million in assets to PEL

Many foreign E&P companies frustrated due to the extensive circular debt in the gas sector, which has escalated to Rs2,700 billion.

Latest Pakistan

Web Desk
Sep 04, 2024

Pakistan discovers major gas reserves in North Waziristan

New discovery is set to inject 70 million cubic feet per day (mmcfd) from the Shewa-2 well into the national grid

Business

Web Desk
Apr 22, 2024

Mari Petroleum finds hydrocarbon deposits in Sindh’s Daharki

The new find, resulting from exploratory efforts at Shawal-l well, drilled in Mari Development & Production Lease (D&PL), the exploration firm informed the stock market on Monday.

Pakistan’s economy faces $194m setback due to local gas production cuts

KUFPEC exits Pakistan, sells $60 million in assets to PEL

Pakistan discovers major gas reserves in North Waziristan

Mari Petroleum finds hydrocarbon deposits in Sindh’s Daharki

Top US general says Iran attacked five ships, defends blockade of Hormuz

Dar holds important meeting ahead of expected arrival of Iranian delegation

Woman sent on physical remand over alleged killing of three children

Iranian foreign minister expected in Islamabad ahead of US-Iran talks

Iranian FM Araghchi expected in Islamabad as U.S.-Iran peace talks may enter second round