Day: July 1, 2026

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has warned that any attempt by India to undermine the Indus Waters Treaty (IWT) would carry a “high cost,” reaffirming Pakistan’s commitment to protecting its water rights under international law. Speaking at a conference on the Indus Waters Treaty, Dar strongly criticized what he described as India’s illegal attempts to alter the status of the landmark water-sharing agreement, particularly at a time when climate change is intensifying water insecurity across the region. Addressing the event, Pakistan Peoples Party (PPP) Chairman Bilawal…

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KARACHI: Ghani Chemical Industries Limited (GCIL) has secured a five-year gas processing contract from Oil & Gas Development Company Limited (OGDCL) to develop and process natural gas from the Sono Lashari Field in Sindh, marking a significant step in the company’s expansion into Pakistan’s energy processing sector. The company disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday. Under the agreement, OGDCL will allocate a designated volume of raw natural gas from the Sono Lashari Field to GCIL for processing into value-added hydrocarbon products,…

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ISLAMABAD: The Power Division (PD) is set to submit the bi-annual reassessment of its Electricity Surplus Incremental Package to the National Electric Power Regulatory Authority (NEPRA) for guidance, following concerns raised by industrial stakeholders that the incentive scheme is offering limited benefits to large electricity consumers. The development was disclosed by a Power Division representative during a public hearing on the Fuel Charges Adjustment (FCA) petition filed by the Central Power Purchasing Agency-Guarantee (CPPA-G) for May 2026. According to the petition, CPPA-G has requested a positive FCA adjustment of Rs0.82…

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ISLAMABAD: South Korea’s state-owned Korea South-East Power Company (KOEN) has called on the Government of Pakistan to remove regulatory bottlenecks delaying nearly $1 billion in planned hydropower investments, warning that pending tariff approvals and uncertainty surrounding the country’s future power generation roadmap are putting two major renewable energy projects at risk. The concerns were raised during a meeting between Federal Minister for Commerce Jam Kamal Khan and a high-level KOEN delegation led by Chief Executive Officer Kim Min Young. The delegation also included Deputy CEO Jang Sungkyu, Chief Operating Officer…

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ISLAMABAD, June 30, 2026: Oil & Gas Development Company Limited (OGDC) has successfully completed Chak 63-05, a new development well in the Chak 63 Development & Production Lease (D&PL) located in Sanghar district of Sindh, marking another milestone in the company’s efforts to enhance Pakistan’s indigenous oil and gas production.During production testing through a 32/64-inch choke, Chak 63-05 produced 600 barrels of condensate per day (BPD) and 10.5 million standard cubic feet of gas per day (MMSCFD) at a wellhead flowing pressure (WHFP) of 2,580 psig. The well was spudded…

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