Year: 2025

OGDC’s five new oil and gas discoveries in a year is a testament to Pakistan’s vast hydrocarbon potential, says Ali Pervaiz Malik

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Ali-Pervaiz

Islamabad, September 29,2025, The Federal Minister for Petroleum Ali Pervaiz Malik held a meeting today with the Managing Director and senior executives of the Oil and Gas Development Company (OGDC) at company’s head office. The meeting focused on a comprehensive briefing by the OGDC management on the company’s operational activities and a strategic production optimization drive aimed at reducing the decline in its mature hydrocarbon fields. Minister Ali Pervaiz Malik was apprised of the various initiatives undertaken to enhance recovery and maintain production levels. He highlighted that “the indigenization of…

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Trump Touts ‘Massive’ Oil Deal in Pakistan, But Experts See No Evidence of Reserves

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Donald-Trump

WASHINGTON: Former US President Donald Trump has claimed that Washington and Islamabad have struck a “massive oil deal,” yet energy experts stress there is no evidence to support the existence of large untapped reserves in Pakistan, The Guardian reported. Trump hosted Prime Minister Shehbaz Sharif and Army Chief Asim Munir at the White House this week, praising them as “great leaders.” The renewed engagement comes as Pakistan highlights its mineral and energy potential to lure US investment. In July, Trump said on Truth Social that the US and Pakistan would…

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Punjab CM, German Envoy Pledge Stronger Cooperation in Climate, Trade and Education

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CM-Punjab

LAHORE: Punjab Chief Minister Maryam Nawaz met with German Ambassador to Pakistan Ina Lepel on Monday, reaffirming Pakistan-Germany partnership in climate action, trade, education, and human development. The CM lauded Germany’s support in modern agricultural technology, green innovation, forestation, and vocational training, highlighting opportunities for greater collaboration at the provincial level. She noted that bilateral trade reached US$3.63 billion in 2024, with Pakistan enjoying a positive balance, and 40 German companies already contributing to job creation in the country. “Germany is a long-standing partner of Pakistan in tackling climate change,…

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BYD Projects Exports to Exceed 20% of 2025 Sales Amid Slower Growth

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New-BYD

HONG KONG: Chinese electric vehicle giant BYD expects exports to account for about 20% of its global sales in 2025, buoyed by new model launches and expanded shipping capacity, the South China Morning Post reported on Monday. The company forecasts between 800,000 and 1 million deliveries outside mainland China next year, against projected total sales of 4.6 million units. That figure reflects a cut of up to 16% in BYD’s 2025 sales target, as reported by Reuters earlier this month, amid slowing growth and signs that the EV maker’s rapid…

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Power Cement, BCEM Sign Rs1.5bn Deal for Pakistan’s First Green Captive Wind Power Project

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Power-Cement-1

KARACHI: Power Cement Limited (PCL) and Burj Clean Energy Modaraba (BCEM) have signed Pakistan’s first-ever green captive power transaction — a landmark Rs1.5 billion deal to set up a 7.5MW wind captive power plant. According to a filing at the Pakistan Stock Exchange (PSX) on Monday, the project marks a major step in Pakistan’s industrial decarbonization drive and transition to sustainable energy. The initiative is being financed through a consortium led by The Bank of Punjab (BOP), with participation from the National Bank of Pakistan (NBP) and Pak Kuwait Investment…

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