Author: Admin

Pakistan and the UAE share historic, trust-based economic relations that now need to be strengthened in line with modern global requirements.Diwan Fakhruddin, Chairman, FPCCI Pakistan–UAE Business Council

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The UAE is a reliable and trusted partner of Pakistan and FPCCI will continue to play a key role in bringing the business leadership of both countries closer.Saquib Fayyaz Magoon, Senior Vice President, FPCCI Karachi: Chairman FPCCI Pakistan–UAE Business Council Diwan Fakhruddin addressed a joint session with the visiting delegation of Dubai Chambers at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi. The session was attended by the head of the Dubai Chambers delegation Mr. Marwan Al Marri, FPCCI Senior Vice President Saquib Fayyaz Magoon, FPCCI Vice…

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OGDC Announces Major Oil and Gas Discovery at Nashpa Block in Kohat, Khyber Pakhtunkhwa

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ISLAMABAD, December 10, 2025: Oil and Gas Development Company Limited (OGDC) on Wednesday announced a major oil and gas discovery at its exploratory well Baragzai X-01 (Slant) in Nashpa Block, in Kohat district of Khyber Pakhtunkhwa. The well is currently producing 2,280 Barrels per Day (BPD) of oil and 5.6 Million Standard Cubic Feet per Day (MMSCFD) of gas, through choke size 32/64″at wellhead flowing pressure (WHFP) of 2400 psi. This marks the first hydrocarbon discovery from the Kingriali Formation in the Nashpa Block.OGDC is the operator of the Nashpa…

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Trafigura Warns of 2025 ‘Super Glut’ as Oil Supply Surges and Prices Slip

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Global oil markets may face a “super glut” next year as a sharp rise in supply converges with weakening economic conditions, Trafigura has cautioned, according to the Financial Times. Saad Rahim, the commodity trading giant’s chief economist, said new drilling projects and slowing demand growth are set to put further downward pressure on already subdued crude prices. Brent crude has dropped 16% this year—its steepest decline since 2020—with additional supply from major projects in Brazil and Guyana expected to deepen the slump in 2025. “Whether it’s a glut or a…

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PM Orders Guaranteed Winter Gas Supply Hours for Households

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Shehbaz-Sharif

Prime Minister Shehbaz Sharif has directed the relevant authorities to ensure uninterrupted gas supply for households from 5am to 10pm throughout the winter season. The directive was announced in the National Assembly, where lawmakers voiced concerns over persistent gas shortages disrupting daily routines. Federal Minister for Petroleum Ali Pervez Malik confirmed that the prime minister has instructed gas companies to prioritise domestic consumers and maintain a stable supply window. He noted that gas load shedding has already reduced significantly compared to last year, and efforts are underway to further streamline…

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Pakistan Poised to Welcome UAE Investment in Energy, AI, and Emerging Sectors: PM Shehbaz

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New-Project77

ISLAMABAD: Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s readiness to welcome expanded investment from the United Arab Emirates (UAE) across key sectors including renewable energy, artificial intelligence, fintech, agriculture, and minerals. Speaking at a ceremony marking the UAE’s 54th National Day in Islamabad, the Prime Minister highlighted the UAE’s crucial support for Pakistan’s economic stabilisation efforts. Deputy Prime Minister and Foreign Minister Ishaq Dar, along with senior government officials, attended the event. “The economic partnership between Pakistan and the UAE is a shining example. The UAE continues to extend critical…

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