Author: Admin

Pakistan Government Successfully Completes Landmark PKR 659.6 Billion PHL Settlements

Admin
New-Project80

Islamabad, December 10, 2025 – The Government of Pakistan is pleased to announce the successful completion of PKR 659.6 billion Power Holding Limited (PHL) settlements, marking a significant milestone in the country’s economic reforms. The settlement comprises PKR 399.6 billion redemption of PES I & II, executed through a National Debt Market (NDM) off-market transaction, which is Pakistan’s largest-ever debt market transaction. Additionally, PKR 259.7 billion was settled in various syndicated financing facilities. This landmark transaction reflects the strength of Pakistan’s capital market ecosystem and its capability to handle large-scale…

Read More

KAPCO Back Online as NEPRA Clears Tariff Issue

Admin
New-KAPCO

Islamabad, 10 December 2025 – Kot Addu Power Company Limited (KAPCO) has resumed operations and rejoined the national grid after more than ten weeks of suspension that began on October 1, 2025. With the tariff issue resolved, KAPCO’s return strengthens supply reliability in southern Punjab and restores a key Black Start–capable facility to the national system. The interruption had occurred due to tariff limitations linked with the previously approved Indicative Generation Capacity Expansion Plan (IGCEP) and Power Acquisition Program (PAP) frameworks. National Electric Power Regulatory Authority’s (NEPRA) latest decision, issued…

Read More

Pakistan and the UAE share historic, trust-based economic relations that now need to be strengthened in line with modern global requirements.Diwan Fakhruddin, Chairman, FPCCI Pakistan–UAE Business Council

Admin
New-Project79

The UAE is a reliable and trusted partner of Pakistan and FPCCI will continue to play a key role in bringing the business leadership of both countries closer.Saquib Fayyaz Magoon, Senior Vice President, FPCCI Karachi: Chairman FPCCI Pakistan–UAE Business Council Diwan Fakhruddin addressed a joint session with the visiting delegation of Dubai Chambers at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi. The session was attended by the head of the Dubai Chambers delegation Mr. Marwan Al Marri, FPCCI Senior Vice President Saquib Fayyaz Magoon, FPCCI Vice…

Read More

OGDC Announces Major Oil and Gas Discovery at Nashpa Block in Kohat, Khyber Pakhtunkhwa

Admin
New-Project78

ISLAMABAD, December 10, 2025: Oil and Gas Development Company Limited (OGDC) on Wednesday announced a major oil and gas discovery at its exploratory well Baragzai X-01 (Slant) in Nashpa Block, in Kohat district of Khyber Pakhtunkhwa. The well is currently producing 2,280 Barrels per Day (BPD) of oil and 5.6 Million Standard Cubic Feet per Day (MMSCFD) of gas, through choke size 32/64″at wellhead flowing pressure (WHFP) of 2400 psi. This marks the first hydrocarbon discovery from the Kingriali Formation in the Nashpa Block.OGDC is the operator of the Nashpa…

Read More

Trafigura Warns of 2025 ‘Super Glut’ as Oil Supply Surges and Prices Slip

Admin
New-Project77-1

Global oil markets may face a “super glut” next year as a sharp rise in supply converges with weakening economic conditions, Trafigura has cautioned, according to the Financial Times. Saad Rahim, the commodity trading giant’s chief economist, said new drilling projects and slowing demand growth are set to put further downward pressure on already subdued crude prices. Brent crude has dropped 16% this year—its steepest decline since 2020—with additional supply from major projects in Brazil and Guyana expected to deepen the slump in 2025. “Whether it’s a glut or a…

Read More