Day: August 20, 2025

Pakistan and Bangladesh Explore Enhanced Cooperation in Energy and Mineral Sectors

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Islamabad, August 19,2025 Federal Minister for Petroleum, Mr. Ali Pervaiz Malik was called on by the High Commissioner of Bangladesh to Pakistan, His Excellency Mr. Md. Iqbal Hussain, at the Ministry of Petroleum. The discussions focused on strengthening bilateral cooperation in key sectors, including limestone, coal and petroleum products to foster mutual economic growth and energy security. Minister Ali Pervaiz highlighted Pakistan’s commitment to deepening ties with Bangladesh, stating, “Prime Minister Shehbaz Sharif is keen to support our brothers in Bangladesh and enhance cooperation in various sectors. Pakistan values its…

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Federal Minister Ali Pervaiz and US Charge d’Affaires Natalie A. Baker Discuss Enhanced US-Pakistan Cooperation in Oil, Gas, and Minerals

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ISLAMABAD, August 20,2025 Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting with Her Excellency Ms. Natalie A. Baker, the US Charge d’Affaires to Pakistan, at the Ministry of Petroleum. The high-level discussion focused on strengthening bilateral cooperation between the United States and Pakistan in the energy sector, with particular emphasis on oil, gas, and minerals sector. Charge d’Affaires Natalie A. Baker highlighted the significant opportunities for American investment in Pakistan’s energy landscape. “There is a strong and growing interest from US companies in Pakistan’s Oil, Gas, and Minerals…

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PM Shehbaz’s China visit to mark formal launch of CPEC-II

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ISLAMABAD: The government on Tuesday announced that Prime Minister Shehbaz Sharif’s upcoming visit to China later this month will mark the formal launch of the second phase of the China­-Pakistan Economic Corr­idor (CPEC-II), focused on industrial cooperation, after a delay of about five years.“Prime minister’s upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set clear priorities and agree on tangible, measurable outcomes,” said an official announcement quoting Planning Minister Ahsan Iqbal, focal person on the multi-billion-dollar bilateral initiative, as saying at a high-level…

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OGDCL, PPL Raise Reko Diq Funding Commitments to $715m Each

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Karachi, August 19, 2025: State-owned exploration giants Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have revised upward their funding commitments for Phase 1 of the Reko Diq copper-gold project, increasing each company’s pro-rata share to $715 million. The revision reflects updated project estimates, higher financing costs, and inflation adjustments. After accounting for project-level financing, the expected shareholder contributions for both OGDCL and PPL now stand at $391 million each, according to separate notices filed with the Pakistan Stock Exchange (PSX) on Tuesday. OGDCL, PPL, and…

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