Author: Admin

TAL Joint Venture Discovers Gas at Bilitang-1 Well in KP’s Kohat

Admin
Gas-OGDCL

ISLAMABAD: TAL Joint Venture (JV), comprising leading exploration and production companies, has announced a gas discovery at its exploratory well Bilitang-1, located in District Kohat, Khyber Pakhtunkhwa. In a notice to the Pakistan Stock Exchange (PSX), the JV disclosed that the discovery was made by MOL Pakistan Oil & Gas Co. B.V., the operator of the TAL Block, holding a 10 per cent working interest. The remaining partners include Oil & Gas Development Company Limited (OGDCL) with a 30 per cent stake, Pakistan Petroleum Limited (PPL) 30 per cent, Pakistan…

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Energy Sector Posts Mixed Performance in 2025 Amid Circular Debt and Reform Push

Admin
Power project

ISLAMABAD: The year 2025 delivered a mixed outcome for Pakistan’s energy sector, marked by persistent structural challenges alongside policy moves aimed at reform under the Shehbaz Sharif-led government. One of the most entrenched problems remains the chronic circular debt, which continues to strain the entire energy value chain. To address the issue in the power sector, the government signed a Rs1.225 trillion financing agreement with a consortium of 18 banks. While the finance minister described it as the largest restructuring deal in Pakistan’s history, the arrangement essentially involved fresh borrowing…

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Pakistan Urged to Take India to ICJ Over Alleged ‘Water War’

Admin
Pak-Ind

ISLAMABAD: Following Pakistan’s recent victory over India in a short-term military conflict, experts have warned that New Delhi has launched what they describe as a “water war” against Pakistan by manipulating water releases and storage at its dams, causing damage to Pakistani agriculture. Water experts and former officials have urged the government to approach the International Court of Justice (ICJ) to seek sanctions against India for violating its international obligations under the Indus Waters Treaty (IWT). They argue that India’s actions amount to a breach of the treaty, which strictly…

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HIES 2024–25 Reveals 57pc Jump in Internet Users as Access Reaches 70pc of Households

Admin
New-Project112

ISLAMABAD: The Household Integrated Economic Survey (HIES) 2024–25 has revealed a sharp rise in digital connectivity across Pakistan, with the number of individual internet users increasing by 57 per cent and household internet access doubling from 34 per cent to 70 per cent. Released on Thursday by the Pakistan Bureau of Statistics (PBS), the annual survey provides a comprehensive overview of the country’s social and economic conditions to support evidence-based policymaking at national and provincial levels. The results were unveiled during a ceremony at the Ministry of Planning, Development and…

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PM Shehbaz Urges Accelerated Oil, Gas Exploration to Reduce Import Bill

Admin
PM-Shabaz

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed authorities to prioritise the exploration of new oil and gas fields to reduce Pakistan’s dependence on costly petroleum imports and conserve precious foreign exchange. Chairing a high-level meeting on matters related to the Petroleum Division, the prime minister stressed that tapping domestic energy resources was essential for ensuring economic stability and long-term energy security. He also ordered the digitisation of the entire oil and gas supply chain — covering imports as well as domestic utilisation — on a priority basis. The prime…

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