Author: Admin

Gas Utilities Oppose Move to Scrap Asset-Based Return Formula

Admin
OGRA

ISLAMABAD: The country’s two public gas utilities have rejected a proposal to abolish the guaranteed asset-based return mechanism, urging the government to retain the existing pricing regime despite mounting criticism from industrial consumers. The government had directed the Oil and Gas Regulatory Authority (Ogra) to restructure Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) by ending the fixed return on assets. Ogra engaged consultancy firm KPMG to review the formula, and the firm has submitted its report, officials said. Critics argue that as the gas pipeline…

Read More

Pakistan Seeks Explanation from India Over Sharp Drop in Chenab River Flows

Admin
Chenab-River

ISLAMABAD / LAHORE: Pakistan on Friday sought a formal explanation from India over what it described as an “extraordinary reduction” in Chenab River flows earlier this month, alleging violations of the 1960 Indus Waters Treaty following the discharge and refilling of the Baglihar dam. In a statement, the Ministry of Water Resources said Chenab flows had now stabilised after a period of abnormal volatility. It added that Pakistan’s Commissioner for Indus Waters had taken up the matter with his Indian counterpart through the Permanent Indus Commission, seeking detailed data on…

Read More

Asian LNG Spot Prices Hit 20-Month Low on Weak Demand, Ample Supply

Admin
New-LNG

SINGAPORE: Asian spot liquefied natural gas (LNG) prices fell to a fresh 20-month low this week, pressured by subdued regional demand and plentiful supply, market sources said. The average LNG price for February delivery into Northeast Asia slipped to $9.50 per million British thermal units (mmBtu), down from $10/mmBtu last week, marking its lowest level since April 2024. Analysts attributed the decline to weak gas demand in key Asian markets. “Continued softness in Northeast Asian demand, firm Chinese pipeline gas supplies and strong renewable power generation in Japan have weighed…

Read More

PM Welcomes Australian Interest in Reko Diq, Mining Sector

Admin
Reko-Diq

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday welcomed Australia’s growing interest in Pakistan’s mining sector, describing the Reko Diq project as a landmark opportunity for mutually beneficial economic cooperation. During a meeting with Australia’s newly appointed High Commissioner to Pakistan, Tim Kane, the prime minister said Pakistan was fully prepared to harness the vast potential of its mining and minerals industry to deepen bilateral ties. He noted that Reko Diq reflected the scale of opportunities available for Australian investors and expertise. PM Sharif also highlighted prospects for collaboration in agriculture,…

Read More

Strategic PPL-Turkish Petroleum Partnership Catalyzes Record-Breaking Performance for Pakistan Petroleum Limited on PSXFor Immediate Release

Admin
PPL-logo

KARACHI, December 18, 2025 — Pakistan Petroleum Limited (PPL) has achieved a landmark valuation on the Pakistan Stock Exchange (PSX), following the successful completion of a strategic offshore exploration agreement with Turkish Petroleum Overseas Company (TPOC). The partnership, focused on the Eastern Offshore Indus Block C, has revitalized investor confidence and established PPL as a dominant leader in the energy sector’s growth during the first week of December. The transaction involved PPL transferring operatorship and a 25 percent interest to TPOC, while maintaining a significant 35 percent stake in the…

Read More