Pakistan Petroleum Limited (PPL), the operator of Shah Bandar exploration licence, has made a gas and condensate discovery at exploratory well Rahi X-1, located in Sujawal district of Sindh province. "This is the fourth consecutive discovery at the Shah Bandar Block by PPL as an operator with 63% working interest along with its joint-venture partners Mari Energies having 32% working interest, S
The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system on Monday through a reverse repo auction conducted as part of its Open Market Operations. According to data compiled by AKD Securities from the SBP's figures, the central bank received total offers of Rs11,777 billion and accepted Rs11,613 billion across two tenors. In the four-day tenor, banks offer
Pakistan’s largest refiner Cnergyico is buying more US crude as Islamabad seeks to diversify the country’s energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the US to help narrow its trade surplus and secure reductions in trade tariffs imposed by President Donald Trump. Cnergyico, which first bought US
The government has set an ambitious target of making all government-to-person (G2P) payments fully digital and eliminating the use of physical cheques as part of its drive towards a cashless economy, Minister of State for Finance Bilal Azhar Kayani said. This he stated at the launch of Z-Wallet, a new initiative through which Zong has partnered with Zindigi, powered by JS Bank, to bring regulat
Ghandhara Industries Limited (PSX: GIL) has entered into a strategic partnership with UD Trucks Corporation to market and distribute completely built-up (CBU) units of UD Trucks in Pakistan, according to a material information notice submitted to the Pakistan Stock Exchange (PSX) on Monday. The company said it has formally signed a collaboration agreement with UD Trucks covering the import and