Author: Admin

Refineries Warn of Shutdowns as OMCs Reduce Uplift of Local Products

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Refineries-Urge

KARACHI: Pakistan’s refining sector has warned of possible shutdowns or reduced operations if oil marketing companies (OMCs) continue to avoid uplifting committed quantities of petroleum products from local refineries. In a joint letter addressed to Federal Minister for Petroleum Ali Pervaiz Malik, the country’s five refineries said OMCs were increasingly refraining from agreed upliftment due to speculative behaviour. According to the refineries, OMCs tend to delay or avoid lifting products when prices are on a downward trend, while seeking to maximise gains during periods of rising prices. “This practice undermines…

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Pakistan Economy Expected to Sustain Growth Momentum: Finance Ministry

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economy

KARACHI: Pakistan’s economy is likely to maintain its positive momentum in the coming months, supported by industrial expansion, improved governance and prudent macroeconomic management, according to the Finance Ministry’s Monthly Economic Update and Outlook for December 2025. The report said the economic outlook remains favourable, driven by sustained growth in industrial activity and continued momentum in key sectors such as textiles, automobiles, cement and food processing. Gross domestic product (GDP) grew by 3.71 percent in the first quarter of fiscal year 2026, led by a robust 9.38 percent expansion in…

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Use of RLNG: Nepra Questions CPPA-G Over Violation of Merit Order

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New-RLNG

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday questioned the Central Power Purchasing Agency–Guaranteed (CPPA-G) over the use of expensive re-gasified liquefied natural gas (RLNG) for power generation in November 2025, despite cheaper options such as imported and local coal being available under the Economic Merit Order (EMO). The issue was raised during a public hearing on CPPA-G’s request for fuel cost adjustment (FCA) for November 2025. The hearing was chaired by Nepra Chairman Waseem Mukhtar, while Member (Development) Maqsood Anwar Khan and Member (Law) Amina Ahmed attended…

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Forced Exits Loom for Pakistan’s Oil Marketing Sector, Warns Report

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New-oil-2

Pakistan’s oil marketing sector could face forced exits and disorderly consolidation if long-standing structural fragmentation is not addressed in time, according to a new report by Dubai-based energy and technology advisory firm Mountain Ventures. In its report titled Pakistan OMCs Review 2025, Mountain Ventures warned that the sector is showing warning signs similar to those once seen in the US airline industry, which suffered from collapsing margins, underinvestment, repeated bankruptcies and eventual forced mergers. “Pakistan’s OMC sector now exhibits the same structural warning signs,” the report noted. Despite having 44…

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OGDCL Makes Major Oil and Gas Discovery in Khyber Pakhtunkhwa

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ogdc-new

Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in Khyber Pakhtunkhwa, strengthening Pakistan’s indigenous energy resource base. In a notice to the Pakistan Stock Exchange (PSX) on Thursday, OGDCL said the discovery was made in the Datta Formation at its exploratory well Baragzai X-01 (Slant), located in District Kohat. OGDCL is the operator of the Nashpa Exploration License with a 65% working interest, alongside joint venture partners Pakistan Petroleum Limited (PPL) holding 30% and Government Holdings (Private) Limited (GHPL) with a 5% carried…

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