Category: Latest News

Pakistan’s hydrocarbon sector showed improvement in 2025 as a series of new oil and gas discoveries boosted reserves and helped extend the country’s overall reserve life, partially offsetting ongoing production declines. According to data released by Arif Habib Limited, Pakistan’s total hydrocarbon reserve life increased to 17 years as of December 2025, supported by gains in both oil and gas reserves driven largely by fresh exploration activity. The brokerage report stated that gas reserve life rose to 18 years, while oil reserve life improved to 11 years, reflecting a positive…

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KARACHI: Sindh Chief Minister Syed Murad Ali Shah has emphasized the importance of protecting oceans and marine ecosystems, describing them as a vital source of life, economic prosperity, and environmental balance. In his message on the occasion of World Oceans Day, the Chief Minister said that Sindh’s coastline and marine resources are a valuable natural heritage that must be preserved for future generations. He stressed that protecting the oceans is a shared responsibility and called upon citizens to play their role in safeguarding coastal and marine environments from pollution. Highlighting…

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LAHORE: Global consumer electronics and technology giant Hisense has officially launched its operations in Pakistan through a strategic partnership with Airlink Communication Limited, marking a significant step towards strengthening the country’s manufacturing and technology sectors. The launch ceremony, held at Expo Centre Lahore, was attended by government officials, diplomats, business leaders, and industry stakeholders. Addressing the event, Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production, said the arrival of Hisense reflects growing international confidence in Pakistan’s industrial potential and underscores the country’s transition from a…

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KARACHI: Rapid and unplanned urbanisation, shrinking green spaces, a worsening housing crisis, and environmental degradation are pushing Pakistan’s major cities towards a climate disaster, environmental experts warned during a webinar organized to mark World Environment Day. The webinar was jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Central Standing Committee on Sustainable Development Goals (SDGs) and the National Youth Leadership Program (NYLP), attracting more than 280 participants from across the country. Opening the session, Khoja Sheraaz Ali, Chairman NYLP and Deputy Convener of FPCCI’s Central…

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is facing growing turmoil following the resignation of one of its key members amid investigations into controversial oil pricing claims, while the government moves to amend the regulator’s governing law to facilitate the appointment of civil servants to senior positions. According to sources, OGRA Member (Oil) Zainul Abideen Qureshi resigned after being questioned by the Federal Investigation Agency (FIA) in Karachi regarding payments made to an oil marketing company (OMC) under Price Differential Claims (PDCs) linked to subsidized fuel pricing introduced during…

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