Category: Popular News

Petrol price slashed by Rs5.66, diesel by Rs1.39 for second half of October

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Petroleum-prices

According to a notification issued by the Ministry of Finance, the price of petrol has been reduced by Rs5.66 per litre, while high-speed diesel (HSD) has been cut by Rs1.39 per litre. The new rates will be effective from October 16 to October 31, 2025. Following the revision, the new prices are expected to reflect a modest reduction in transport and commodity costs, offering temporary relief to the public after months of price volatility. Future price movements will likely  depend on global crude trends and local currency performance against the…

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PPL announces Strategic Offshore Partnership with Turkish Petroleum Overseas Company

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Turkish Petroleum

KARACHI, October 14, 2025: Pakistan Petroleum Limited (PPL) is pleased to announce a major milestone in the farm-out process of the Eastern Offshore Indus Block-C, marking the beginning of a strategic collaboration with Turkish Petroleum Overseas Company (TPOC), a wholly owned subsidiary of Türkiye Petrolleri Anonim Ortaklığı (TPAO), the national oil company of Turkiye.This partnership is the result of high-level engagements between the governments of Pakistan and Turkiye, aimed at deepening bilateral cooperation in the energy sector and promoting Foreign Direct Investment (FDI) in Pakistan’s offshore exploration activities.As part of…

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Sindh Chief Minister Syed Murad Ali Shah presides over a meeting of the Energy Department at CM House.

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New-Project51

KARACHI (Oct 8): Sindh Chief Minister Syed Murad Ali Shah, presiding over a high-level meeting of the Energy Department, reviewed the progress of the province’s major energy initiatives and highlighted Thar Coal’s vital role in securing Pakistan’s energy through low-cost, indigenous power generation. The meeting, held at CM House, was attended by Principal Secretary to CM Agha Wasif, Energy Secretary Mushtaq Soomro, MD Thar Coal Energy Tariq Shah, CEO Sindh Transmission & Dispatch Company (STDC) Saleem Shaikh, SLCMS representative Mushtaq Panhwar, DG Power Nand Lal, and other senior officials. During…

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Hycarbex American Energy’s JV with Pakistani Firms a Boost for Exploration Sector, says Ali Pervaiz Malik

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New-Project45

ISLAMABAD, October 01,2025 In a significant development for Pakistan’s energy landscape, a high-level meeting was held today between Mr. Ali Pervaiz Malik, the Federal Minister for Petroleum, and senior leadership from the international and local energy sector to discuss the revival of Peshawar Block. The Minister met with Mr. Pierce Onthank, Chief Executive Officer of Hycarbex-American Energy, and Mr. Faheem Haider, CEO of Mari Energies, at the Ministry of Petroleum. The executives briefed the Minister on a landmark transaction wherein Mari Energies has partnered with Hycarbex American Energy Inc, and…

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Trump secures Netanyahu’s agreement to Gaza peace proposal, but doubts remain

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Donald-Trump

WASHINGTON/CAIRO/JERUSALEM, Sept 29 (Reuters) – President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu’s backing on Monday for a U.S.-sponsored Gaza peace proposal to end a nearly two-year-old war in the Palestinian enclave, but questions loomed over whether Hamas would accept the plan. Speaking at a joint White House press conference, Trump said they were “beyond very close” to an elusive peace deal but he warned the Islamist group that Israel would have full U.S. support to take whatever action it deemed necessary if the militants reject what he has offered.

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