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Web Desk
Aug 01, 2025

OGDCL makes oil discovery in Tando Allah Yar, Sindh

The Chakar-1 well was spudded on June 2, 2025, as an exploratory well under the Tando Allah Yar Exploration License and drilled to a total depth of 1,926 meters into the Upper Shale of the Lower Goru Formation.

Business

Web Desk Karachi
Apr 17, 2025

UBL joins elite ranks as one of Pakistan’s top five companies by market capitalisation

The bank’s inclusion in the top-5 club underscores its pivotal role in Pakistan’s banking industry, alongside giants like Oil & Gas Development Company Ltd. (OGDC) and Mari Energies Ltd. (MARI), which hold the first and second positions, respectively.

Latest

Web Desk
Mar 25, 2025

OGDCL completes Reko Diq feasibility study, first phase to cost $5.6b

The Board of Directors of OGDCL has also approved an increase in the company’s funding commitment for the Reko Diq project to $627 million.

Latest

Web Desk
Feb 28, 2025

PSX closes lower amid Nowshera blast, govt’s inflation warning

During the intraday trading the index fell to the level of 113,442.95 before the Friday break and reached 114,037.72 level before sliding down to 113,240.33 level or (-0.48%).

Business

Web Desk Karachi
Feb 25, 2025

Senate Committee pushes for urgent review as local gas fields shut down

The committee called for a comprehensive daily assessment of drilling operations and associated costs, as well as an in-depth report covering gas extraction, drilling frequency, and project timelines to evaluate the sustainability of the sector.

Business

Web Desk Karachi
Feb 20, 2025

SOEs aggregate losses decrease by 14.03pc as government support tops Rs1.5 trillion

Collectively, the contributions from these enterprises amounted to Rs2,062 billion. The gross revenue generated by federal SOEs increased by 5.2 percent year-on-year, reaching Rs13,524 billion. While total aggregate profits rose by 14.61 percent year-on-year to Rs820 billion.

Business

Web Desk Karachi
Feb 18, 2025

Pakistan companies score moderately on corporate transparency: TRAC report

The overall finding was that companies in Pakistan were “moderately transparent” in corporate reporting, achieving an average score of 7.23 out of 10, where 0 represents “least transparent” and 10 signifies “fully transparent”.

Business

Web Desk Karachi
Feb 11, 2025

Biafo Industries secures contract for explosives supply at Reko Diq mine

Biafo, known for manufacturing and selling commercial explosives and blasting accessories such as detonators, will play a vital role in the project.

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
Dec 24, 2024

OGDCL revives key oil well in Sindh, resumes hydrocarbon production

Oil and Gas Development Company Limited (OGDCL) has brought an oil well back into production in the Tando Allah Yar district of Sindh.

OGDCL makes oil discovery in Tando Allah Yar, Sindh

UBL joins elite ranks as one of Pakistan’s top five companies by market capitalisation

OGDCL completes Reko Diq feasibility study, first phase to cost $5.6b

PSX closes lower amid Nowshera blast, govt’s inflation warning

Senate Committee pushes for urgent review as local gas fields shut down

SOEs aggregate losses decrease by 14.03pc as government support tops Rs1.5 trillion

Pakistan companies score moderately on corporate transparency: TRAC report

Biafo Industries secures contract for explosives supply at Reko Diq mine

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

OGDCL revives key oil well in Sindh, resumes hydrocarbon production

Sahibzada Farhan eyes The Hundred spot; praises Ayub, Tariq for WC performance

Gracie Abrams and Paul Mescal go red carpet official at BAFTA Awards 2026

Robert Aramayo beats DiCaprio and Chalamet in major BAFTA upset

President Zardari asserts Pakistan’s right to self-defence against cross-border terrorism

Militant Salim Baloch’s death exposes Fitna al-Hindustan’s ‘missing persons’ cover