Category: Latest News

Pakistan’s OGDCL Accelerates Unconventional Gas Drive to Boost Domestic Supply

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Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) is preparing a major expansion of its unconventional gas programme from early next year, aiming to strengthen domestic production and curb dependence on imported LNG. Despite Pakistan’s long-recognised potential in tight and shale gas, commercial-scale output has yet to materialise. However, new seismic and reservoir data have prompted OGDCL to significantly widen its scope. Managing Director Ahmed Lak told Reuters that the company has tripled its tight-gas study area to 4,500 square kilometres. Phase two of the technical evaluation is expected…

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IMF Executive Board to Review Pakistan’s Loan Programme on Dec 8, Expected to Approve $1.2bn Disbursement

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The International Monetary Fund (IMF) Executive Board will meet on December 8 to consider and approve a $1.2 billion disbursement for Pakistan, following a staff-level agreement reached in October after extensive talks in Karachi, Islamabad, and Washington. The upcoming review covers two components: nearly $1 billion under the Extended Fund Facility (EFF) and about $200 million under the Resilience and Sustainability Facility (RSF). Once approved, the funds are expected to be released as early as the following day. The IMF confirmed the meeting date through an official announcement, and the…

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SSWMB’s first biogas plants to energize Clifton kitchens from 15 Dec, *FPCCI panel briefed

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New-Project69

Karachi The Sindh Solid Waste Management Board’s first biogas plant, developed to utilise Karachi’s substantial organic waste output, will commence operations on 15 December 2025, supplying low-cost cooking fuel to gas-deprived households in Clifton.This was announced by SSWMB Managing Director, Tariq Ali Nizamani, while addressing a seminar on modern, sustainable urban waste management solutions aligned with the Sustainable Development Goals (SDGs). The event was organised by the Central Standing Committee of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) on SDGs, in collaboration with the National Forum for…

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PD Officials Hail Policy Reforms as Turkey, Azerbaijan Boost Investment in Pakistan’s Energy Sector

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oil and gas

ISLAMABAD: Policy reforms and administrative measures introduced by the government have begun to yield significant results, attracting investment from state-owned oil and gas companies in Turkey and Azerbaijan while helping settle major outstanding invoices and containing circular debt in the domestic gas sector, officials from the Petroleum Division said. Turkey’s state-owned oil company TPAO is set to lead seismic and drilling operations in Indus Block C, partnering with OGDC, PPL, and Mari Energies Limited (MEL). Agreements for both onshore and offshore blocks have been finalized, and TPAO is establishing its…

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Leghari, Canadian Delegation Explore Investment Prospects in Pakistan’s Energy Sector

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ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari on Thursday held a meeting with a Canadian delegation led by High Commissioner Tarik Ali Khan to discuss avenues for bilateral cooperation and investment opportunities in Pakistan’s energy sector. At the outset, the Canadian envoy conveyed the interest of Canadian companies in Pakistan’s power generation segment. Minister Leghari clarified that the government is not pursuing additional generation capacity, emphasizing that the real investment potential now lies in transmission, grid modernization, and advanced technologies. Following the minister’s briefing, the Canadian side…

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