Month: April 2025

Jam Kamal Calls for global and local collaboration to unlock 95% unexplored reserves

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Jam-Kamal

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, has called for ramped-up foreign and local investment to unlock Pakistan’s vast untapped mineral resources—nearly 95% of which remain unexplored. Speaking at the inaugural session of the Pakistan Minerals Investment Forum 2025, jointly hosted by the Oil and Gas Development Company Limited (OGDCL) and the Special Investment Facilitation Council (SIFC), Kamal underscored the immense potential lying beneath Pakistan’s soil. “You have a country where 95% of mineral resources are yet to be explored in the way they should be. This is a…

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Pakistan and Turkiye signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan

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Minister for Petroleum Ali Pervaiz Malik and Alparslan Bayraktar, Minister of Energy and Natural Resources of Turkiye witnessed the signing ceremony. In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas exploration. On the sideslines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan.In February 2025, the Government of Pakistan announced an offshore block bid round, offering forty (40) offshore blocks in the Makran and Indus basins for the grant…

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TDAP CEO Zubair Motiwala Steps Down to Focus on Business

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TDAP CEO Zubair Motiwala Steps Down to Focus on Business January 24, 2025 KARACHI: Zubair Motiwala, Chief Executive of the Trade Development Authority of Pakistan (TDAP), has resigned from his position, citing personal reasons. Speaking to The News on Thursday, Motiwala confirmed his decision, stating, “I resigned to focus fully on my own business.” A renowned textile industrialist and exporter, Motiwala has held several prominent roles, including President of the Karachi Chamber of Commerce and Industry (KCCI), Chairperson of the SITE Association of Industry, and Chairperson of the Board of…

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Govt Confirms Hefty Salaries of Nepra Chairman and Members Amid Controversy

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ISLAMABAD: The federal government has confirmed that top officials of the National Electric Power Regulatory Authority (Nepra) granted themselves substantial salary hikes earlier this year—without prior cabinet approval—sparking renewed concerns over governance and transparency in regulatory bodies. Responding to a question in the National Assembly from MNA Shagufta Jumani, Minister Incharge for Cabinet Division Dr. Tariq Fazal Chaudhry revealed that Nepra’s chairman now draws a gross monthly salary exceeding Rs3.247 million, while each member earns more than Rs2.943 million. These figures exclude additional perks such as medical benefits and annual…

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Pakistan Showcases 600,000 sq-km Mineral Wealth at Landmark Investment Forum

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ISLAMABAD: Pakistan officially launched the Pakistan Mineral Investment Forum 2025 (PMIF25) today, aiming to spotlight its immense mineral wealth spread over 600,000 square kilometers. Federal Minister for Petroleum and Natural Resources, Ali Pervaiz Malik, inaugurated the two-day forum (April 8–9), emphasizing the country’s untapped potential and commitment to responsible mining practices. Joined by Oil & Gas Development Company Limited (OGDCL) Managing Director Ahmed Hayat Lak, the minister announced the unveiling of the National Minerals Harmonisation Framework 2025. This new framework aims to streamline Pakistan’s fragmented mineral regulations, offering attractive incentives…

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