Category: Latest News

EU Ambassador to Pakistan H.E. Raimundas Karoblis Visits FPCCI Invites Business Community to EU-Pakistan Business Forum Atif Ikram Sheikh, President FPCCI

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New-Project31

Karachi: Mr. Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has apprised that the Ambassador of the European Union to Pakistan, H.E. Mr. Raimundas Karoblis, accompanied by senior officials, visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and held extensive discussions with the business leadership on further strengthening Pakistan-EU economic relations. Mr. Atif Ikram Sheikh informed that Pakistan and the European Union, celebrating over 60 years of strong diplomatic and economic ties, are hosting the first high-profile European Union-Pakistan Business Forum (EU-PKBF) on 28–29 April…

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2nd International Oil & Gas Conference Pakistan 2025 to be Held on 17th November

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Oil-Gas

Islamabad, 14th November 2025: The 2nd International Oil & Gas Conference Pakistan 2025 is scheduled for Monday, 17th November 2025 in Islamabad, bringing together top leaders, policymakers, and industry experts to discuss emerging trends, challenges, and opportunities in Pakistan’s oil and gas sector. The conference is proudly supported by OGRA (Oil & Gas Regulatory Authority) and OCAC (Oil Companies Advisory Council), emphasizing its importance in shaping the industry’s future. The day-long event will begin with the Inaugural Session, which will feature a welcome address by Mr. M. Naeem Qureshi, Managing…

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Petroleum Division, Ogra Directed to Resolve Grid Levy and RLNG Charge Disputes

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OGRA

ISLAMABAD: Minister of State for Finance and Railways Bilal Azhar Kayani has instructed the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) to urgently address industry concerns over the grid transition levy and retrospective RLNG charges, sources told Business Recorder. The directives were issued during a meeting with a business community delegation representing the Special Investment Facilitation Council (SIFC). Industry representatives argued that the grid transition levy disproportionately penalises high-efficiency Combined Heat and Power (CHP) plants, which operate at 60–80pc efficiency by utilising waste heat in production processes.…

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Pakistan Revives Offshore Energy Push with Award of 23 Exploration Blocks

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New-oil

ISLAMABAD: Pakistan has reactivated its offshore exploration programme with the provisional award of 23 new offshore blocks to public-sector oil and gas companies, led by Mari Energies, under three-year commitments worth approximately $80 million. Mari Energies — a joint venture of Fauji Foundation and the federal government — emerged as the dominant player, securing stakes in all 23 blocks offered in the latest bidding round. The company obtained operatorship in 18 blocks and partnership roles in five, holding 100pc ownership and operatorship in 10 of them, and majority stakes in…

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Fuel Prices Likely to Rise by Up to Rs9.5 — Petrol May See Minor Relief

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petrol-price

ISLAMABAD: Prices of all petroleum products—except petrol—are expected to increase by up to Rs9.50 per litre from Saturday for the fortnight ending Nov 30, driven by slight fluctuations in the international oil market. According to informed sources, the ex-depot price of high-speed diesel (HSD) is projected to rise by around Rs9.50 per litre (3.4pc), while petrol may see a modest reduction of nearly Rs2 per litre (0.7pc). Since June 1, petrol and HSD prices have cumulatively increased by about Rs12.50 and Rs23 per litre, respectively. Kerosene oil and light diesel…

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