Year: 2025

Government Committed to Inclusive Growth and Interfaith Harmony, Says Ali Pervaiz Malik

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Islamabad: December 24,2025 Federal Minister Ali Pervaiz Malik graced Christmas Celebrations today as chief guest and reaffirmed Commitment to Inclusivity and Interfaith Harmony. Oil & Gas Development Company (OGDC) organized a special event to celebrate Christmas, bringing together Christian employees from the Petroleum Division, OGDC, Pakistan Petroleum Limited (PPL), Government Holdings (Private) Limited (GHPL), and Pakistan LNG Limited (PLL). Addressing the gathering, the Federal Minister appreciated the dedication and hard work of the workforce that serves the country day and night. He stated that the Christian members of the petroleum…

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Unity Foods appoints Amir Shehzad as new CEO in planned leadership transition

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Unity Foods Limited has announced the appointment of Amir Shehzad as the new Chief Executive Officer, marking a carefully planned leadership transition undertaken with the full support and cooperation of Wilmar International. The transition underscores the Company’s continued commitment to strong governance, operational stability, and long-term value creation.As part of this transition, Farrukh Amin has stepped down as Chief Executive Officer and assumed the role of Non-Executive Director on the Board. In this capacity, he will continue to contribute to Unity Foods’ strategic direction and growth, ensuring continuity and institutional…

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IPP Payables Surge to Rs1.2 Trillion, Rs500bn Owed to Chinese Power Producers

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Power-sector

ISLAMABAD: Outstanding payments to Independent Power Producers (IPPs) in Pakistan have reached Rs1.2 trillion, including around Rs500 billion payable to Chinese power companies, officials revealed on Wednesday during a public hearing held by the National Electric Power Regulatory Authority (Nepra). The hearing, chaired by Nepra Chairman Waseem Mukhtar, was convened to review a petition filed by the Central Power Purchasing Agency–Guarantee (CPPA-G) seeking approval of its market operator fee for the fiscal year 2025–26. CPPA-G has sought revenue requirements of Rs2.887 billion, excluding prior-year adjustments, which rise to Rs4.664 billion…

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PID Appreciates Fesco for Timely Clearance of Advertising Dues

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FAISALABAD: The Press Information Department (PID) of the Ministry of Information and Broadcasting has praised the Faisalabad Electric Supply Company (Fesco) for the prompt settlement and clearance of its advertising dues during the fiscal year 2024–25. According to a special letter issued by PID, the department commended Fesco for ensuring timely payment of advertising liabilities in line with prescribed procedures. The letter specifically acknowledged the leadership and efforts of Fesco Chief Executive Officer Engr Muhammad Aamer, Director Public Relations Saeed Raza, and the Public Relations Directorate for maintaining compliance within…

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PPL Discovers Unconventional Gas Reserves in Kashmore

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KARACHI: Pakistan Petroleum Limited (PPL) has made a significant breakthrough at its LAL X-1 exploratory well in Kashmore, Sindh, marking the company’s entry into Pakistan’s unconventional gas sector. Although the initial gas flow of 0.138 million standard cubic feet per day (MMscfd) is modest, industry experts describe the discovery as a major technical achievement. For the first time, hydrocarbons have been successfully produced from the Lower Alabaster Formation, a geological layer previously considered difficult to exploit. The well, drilled to a depth of 1,408 metres after spudding on June 30,…

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