Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfolio. The Government of Pakistan has reopened its offshore exploration frontier after nearly two decades through the signing of Production Sharing Agreements (PSAs
Pakistan’s total liquid foreign exchange reserves rose sharply to USD 22.5885 billion during the week ended May 15, 2026, supported by inflows from the International Monetary Fund (IMF) and proceeds from Panda Bonds. According to the latest weekly report issued by the State Bank of Pakistan (SBP), its own foreign exchange reserves increased by USD 1.214 billion during the week to reach USD 17.0
Millat Tractors Limited Chairman Sikandar Mustafa Khan has said that his group will start exporting tractors to Nigeria and Mexico soon after the US-Iran war is over. He disclosed this while speaking at a function his group held for the Founders Group at a local hotel in Lahore.” Consignments are ready and we will start export as early as the war in Middle East is over.” He maintained that the
Sitara Petroleum Service Limited (SPSL) on Thursday formally joined the Pakistan Stock Exchange (PSX) after successfully completing one of the country’s largest and most widely participated private-sector Initial Public Offerings (IPO), raising approximately Rs4.8 billion amid overwhelming investor response. The listing marks the 10th IPO of the year, reflecting growing momentum in Pakistan’s c
The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the “red zone” in July-August, the head of the International Energy Agency said on Thursday. “We may be entering the red zone in July or August if we don’t see that there are some improvements in the situation,” Fatih Birol said in a speech at C