August 17, 2026
The Petroleum Division has withheld the results of an August 10 auction of locally produced LPG amid court challenges and political pressure. The bidding is estimated to push retail prices up 15 per cent ahead of winter.
A view shows an oil pump socket outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. — Reuters PPL says the activity is aimed at ensuring safe drilling operations at Sirani. The company describes the initiative as the first drilling effort in such terrain. “The exploratory well is scheduled to be drilled in March 2026.” KARACHI: State energy company Pakistan Petroleum Limited (PPL) on Thursday dismissed reports that it was reclaiming land from the sea to build an artificial island for oil and gas exploration, saying the project only involved preparatory work to enable drilling in a difficult
Listen to the article Pakistan’s KSE-100 reference index organized a partial recovery on Wednesday after sinking over 6,500 outdoors, with the market feeling hit by the military escalation between India and Pakistan in more than two decades. The index touched a low intraperitoneal 107.007.68 before closing at 110,009.02, below 3,559.48 points or 3.13%. The sharp dip followed news of the strikes of the Indian rockets in Pakistani territory and the Pakistani military action. The sale throughout the boat was observed in large sectors, including commercial banks, oil exploration and gas, oil marketing and electricity production. Heavy indicators’ stocks such as
Islamabad: As public gas utilities have long been mired in cyclical debt, hydrocarbon exploration companies are reluctant to grant them gas and prefer third parties for better returns and timely payment of fees. The situation arose at a recent meeting of the Economic Coordination Committee (ECC) of the Cabinet, where state-owned exploration company Pakistan Petroleum Limited (PPL) withdrew plans to share gas supply with Sui Southern Gas Company (SSGC) and sought permission to supply gas to fertilizer producer Fauji Fertilizer Bin Qasim Limited (FFBL). The Council of Common Interests (CCI) recently increased the share of gas allocation for exploration companies
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
October 26, 2026
The Pakistan Daily
October 26, 2026
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