Author: Admin

Gwadar Imposes Strict Ban on Vehicles Carrying Iranian Oil

Admin
Oil-Vehicles

GWADAR: The district administration has enforced an immediate ban on all oil-carrying vehicles — particularly Zamyad trucks and similar transporters — from moving fuel between Jiwani, Paanwaan and Gwadar city in a decisive move to curb smuggling of Iranian petroleum products. A formal notification has warned drivers and transporters to avoid travelling towards Jiwani, cautioning that any violation will result in strict legal action, including on-the-spot confiscation of vehicles by law enforcement agencies. Police, Pakistan Coast Guard and Frontier Corps have been directed to tighten monitoring and ensure full enforcement…

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EU Ambassador to Pakistan H.E. Raimundas Karoblis Visits FPCCI Invites Business Community to EU-Pakistan Business Forum Atif Ikram Sheikh, President FPCCI

Admin
New-Project31

Karachi: Mr. Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has apprised that the Ambassador of the European Union to Pakistan, H.E. Mr. Raimundas Karoblis, accompanied by senior officials, visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and held extensive discussions with the business leadership on further strengthening Pakistan-EU economic relations. Mr. Atif Ikram Sheikh informed that Pakistan and the European Union, celebrating over 60 years of strong diplomatic and economic ties, are hosting the first high-profile European Union-Pakistan Business Forum (EU-PKBF) on 28–29 April…

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HUBCO Subsidiary Wins Provisional Exploration Rights for Four Onshore Blocks

Admin
Hubco

KARACHI: The Hub Power Company Limited (HUBCO) has announced that its associated entities have secured a provisional award of exploration rights for four onshore blocks, marking a major step in the company’s upstream energy expansion. The disclosure was made in compliance with the Securities Act, 2015. The development centres on *Prime International Oil and Gas Company Limited (Prime), a strategic joint venture in which Hub Power Holdings Limited — HUBCO’s wholly owned subsidiary — holds an equity stake. Prime’s fully owned arm, *Prime Global Energies Limited, has received provisional exploration…

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PPL Discovers Hydrocarbon Reserves at Sawan North Deep Well in Sindh

Admin
hydrocarbon

Pakistan Petroleum Limited (PPL) has announced a significant hydrocarbon discovery from its exploratory well Sawan North Deep-1 ST-1 (SND-1 ST-1), located in District Khairpur, Sindh. The development was disclosed in a notice submitted to the Pakistan Stock Exchange (PSX) on Friday. The discovery was made through the Sawan Joint Venture, which includes: The well was spud on *September 16, 2024, and drilled to a depth of **14,017 feet (MD). Its primary target was to evaluate the hydrocarbon potential of the *Lower Goru Formation (A-Interval Sands). According to PPL, wireline log…

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Petrol Price May Drop by Rs1.96 While Diesel Set for Rs9.60 Hike

Admin
Petrol-Price

ISLAMABAD: Fuel prices are likely to undergo mixed adjustments for the upcoming fortnight starting November 16, with petrol expected to become slightly cheaper while diesel and other petroleum products may see notable increases, sources said on Friday. Based on global market trends, the price of *petrol may decrease by Rs1.96 per litre, while *high-speed diesel (HSD) is projected to rise by Rs9.60 per litre.Meanwhile, kerosene could see an increase of *Rs8.82 per litre, and *light diesel oil (LDO) may go up by Rs7.15 per litre. The Oil and Gas Regulatory…

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