ISLAMABAD, August 20,2025 Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting with Her Excellency Ms. Natalie A. Baker, the US Charge d’Affaires to Pakistan, at the Ministry of Petroleum. The high-level discussion focused on strengthening bilateral cooperation between the United States and Pakistan in the energy sector, with particular emphasis on oil, gas, and minerals sector. Charge d’Affaires Natalie A. Baker highlighted the significant opportunities for American investment in Pakistan’s energy landscape. “There is a strong and growing interest from US companies in Pakistan’s Oil, Gas, and Minerals…
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PM Shehbaz’s China visit to mark formal launch of CPEC-II
ISLAMABAD: The government on Tuesday announced that Prime Minister Shehbaz Sharif’s upcoming visit to China later this month will mark the formal launch of the second phase of the China-Pakistan Economic Corridor (CPEC-II), focused on industrial cooperation, after a delay of about five years.“Prime minister’s upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set clear priorities and agree on tangible, measurable outcomes,” said an official announcement quoting Planning Minister Ahsan Iqbal, focal person on the multi-billion-dollar bilateral initiative, as saying at a high-level…
Read MorePakistan Plays Its Trump Card in Global Minerals Race
ISLAMABAD: Pakistan is positioning itself as a key player in the global minerals race, eyeing lucrative deals with major powers including the United States and China. With mineral reserves estimated at $8 trillion, Islamabad is seeking strategic partnerships to unlock its vast potential in copper, gold, rare earths and other resources. The US administration has shown growing interest in Pakistan’s minerals sector, aligning with Washington’s recent push to secure rare earths worldwide. A minerals conference hosted in Islamabad earlier this year drew interest from global investors, with both Beijing and…
Read MoreGovt Plans to Lift Ban on Gas Connections with Higher Fees, LNG-Based Tariffs
ISLAMABAD: The government is set to lift the long-standing ban on new gas connections, but at a significantly higher cost — with consumers charged at imported LNG rates of around Rs3,900 per million British thermal unit (mmBtu) and a fourfold increase in connection fees. A summary prepared by the petroleum division has been submitted to the federal cabinet, proposing 120,000 new connections in the first year. Priority will be given to applicants who had previously paid fees or demand notices but were denied service due to the moratorium. About 250,000…
Read MoreGovt announces petroleum prices for next fortnight
ISLAMABAD: The federal government on Friday announced new petrol and diesel prices for the next fortnight, According to a notification issued by the Ministry of Finance, the price of petrol will remain unchanged at Rs264.61 per litre, while high-speed diesel has been reduced by Rs12.84 per litre to Rs272.99. The notification further stated that the price of kerosene oil has been cut by Rs7.19 per litre, bringing it down to Rs178.27, while light diesel has been reduced by Rs8.20 per litre to Rs162.37. Petrol Price in Pakistan Today Prices w.e.f…
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