ISLAMABAD, April 10, 2025: Pakistan’s state-run Oil and Gas Development Company Limited (OGDCL) plans to commence production from Abu Dhabi’s Offshore Block-5 by 2027, marking a major step in its international expansion, said CEO Ahmed Hayat Lak on Wednesday. Speaking on the sidelines of the Pakistan Minerals Investment Forum 2025, Lak stated that while reserves in the ADNOC-partnered block are…
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Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division. Brent crude oil has experienced a steep fall over the past week, currently trading…
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Islamabad, April 10, 2025: The National Electric Power Regulatory Authority (NEPRA) has strongly recommended the immediate removal of Naeem Jan, Chief Executive Officer of Islamabad Electric Supply Company (IESCO), citing unsatisfactory performance. The recommendation was made by NEPRA Member (Technical) Rafique Ahmad Shaikh during a public hearing on IESCO’s request for adjustments related to the multi-year tariff (MYT) components for…
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Islamabad, April 10, 2025: Kazakhstan is poised to formally join the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, marking a significant step forward in regional energy integration and cooperation. The development was shared by the Kazakh Ambassador during a meeting with Pakistan’s Federal Minister for Science and Technology, Khalid Hussain Magsi, held in Islamabad on Tuesday. The meeting underscored a shared commitment…
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Karachi, April 10, 2025: Italy is aiming to double its bilateral trade with Pakistan to at least $3 billion in the coming years, announced Italian Consul General in Karachi, Fabrizio Bielli, during his visit to the Karachi Chamber of Commerce & Industry (KCCI). Highlighting Karachi’s economic significance, Bielli described the city as rich with untapped opportunities, particularly in energy, agriculture,…
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Islamabad, April 10, 2025: Global professional services firm Alvarez & Marsal (A&M) has expressed a strong interest in expanding into Pakistan, signaling confidence in the country’s growing market and ongoing economic reforms. The development was revealed during a high-level meeting between an A&M delegation and Federal Finance Minister Senator Muhammad Aurangzeb in Islamabad. The delegation, comprising Division Executive Peter Briggs,…
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Islamabad, April 10, 2025: Managing Director and CEO of Oil and Gas Development Company Limited (OGDCL), Mr. Ahmed Hayat Lak, along with Managing Director of Government Holdings (Private) Limited (GHPL), Mr. Masood Nabi, held a productive meeting with the high-level delegation of Zijin Mining Group Co., Ltd of China. The meeting took place on the sidelines of the Pakistan Minerals…
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The Pakistan Minerals Investment Forum 2025 (PMIF25) has entered a transformative new phase on its concluding day in Islamabad, marked by significant international collaboration and concrete investment commitments. Bringing together key stakeholders from both the national and global mining and minerals sectors, the forum has delivered announcements that promise to redefine Pakistan’s mineral resource strategy. Key Announcements and Strategic Initiatives…
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