OGDC’s proactive efforts prevent significant financial losses to national exchequer and safeguard national resources amid rising energy costs ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has uncovered a major crude oil theft operation and an illegal refinery in Sindh’s Tando Allahyar district and sought strict legal action against those involved. According to officials, the…
Indian refiners secured 60 million barrels of Russian crude for April as Middle East conflict disrupts supply chains and exposes deeper vulnerabilities in global energy and defense logistics. Indian refiners have booked about 60 million barrels of Russian crude for April delivery, Bloomberg reported, signaling sustained reliance on Moscow despite prices shifting to premiums of…
Prime Minister Muhammad Shehbaz Sharif has updated the Saudi Crown Prince over diplomatic efforts to strike a Iran US war deal between Iran and United States (US). Premier held a telephone conversation with His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia,…
Under Special initiative by the Federal Minister for (Power Division Sardar Awais Ahmed Khan Leghari, the Division is considering introduction of a new optional tariff mechanism aimed at facilitating industrial consumers and enhancing overall efficiency in electricity utilization.Several internal consultative and technical meetings have already been undertaken by the Minister in this regard. Under this…
Government moves to launch app-based fuel quota system with subsidies for two- and three-wheelers amid supply concerns. The Oil and Gas Regulatory Authority on Tuesday reviewed a government plan to introduce a quota-based fuel supply system, supported by subsidies and a digital monitoring framework, as authorities respond to mounting pressure on Pakistan’s fuel supply chain….
Pakistan oil prices are expected to rise by around Rs30 per litre in the next review, while the government weighs targeted relief measures and tighter monitoring across the oil supply chain. Pakistan oil prices are likely to increase by about Rs30 per litre for both petrol and diesel in the upcoming revision, based on prevailing…
SBP revokes Dream Exchange licence, halting all forex operations as regulator tightens oversight of exchange companies amid compliance concerns. The State Bank of Pakistan has cancelled the license of M/s Dream Exchange (Private) Limited with immediate effect after finding serious violations of regulatory instructions, the central bank said on Tuesday. The decision bars Dream Exchange,…
SadaPay app goes offline due to regional server disruption, while assuring users that funds are secure and card-based transactions continue without interruption. Digital payments platform SadaPay faced a widespread service outage on Tuesday, leaving many users unable to access its mobile application as a regional infrastructure disruption linked to the Middle East affected its systems….
Santos shuts Barossa LNG and Darwin plant, tightening global gas supply amid Middle East disruptions and recent outages in Qatar and UAE exports. Australian oil and gas producer Santos halted production at its newly commissioned Barossa LNG project on Tuesday, forcing a temporary shutdown of the Darwin LNG export facility and adding fresh strain to…
Pakistan’s power regulator NEPRA has approved the country’s first-ever wheeling auction process, clearing the way for competitive electricity trading under the new market regime and declaring Jan. 22, 2026, as the official start of commercial market operations. The decision endorses the auction mechanism submitted by the Independent System and Market Operator (ISMO), allowing allocation of…