PPL has announced its 4QFY25 result, posting earnings of Rs19.3 billion, up by 8% YoY and down 11% QoQ, primarily due to lower hydrocarbon production and a decline in oil prices. This brings FY25 profits to Rs 92.0 bn (EPS of 33.82), down by 19% YoY due to the reasons mentioned above. Exploration costs stood…
Oil and Gas Development Company Limited (OGDC) on Friday announced the successful commencement of gas and condensate production from Soghri North Well-1 in the Soghri Block located in Attock district of Punjab. The announcement follows the company’s earlier disclosure on March 17, 2025, regarding a significant gas and condensate discovery at Soghri North Well-1. The…
Pakistan has launched a new domestic gas connection policy, enabling households to apply online for RLNG supply. The step, described as a milestone in energy access, comes after years of suspension on new gas links. At a review meeting, Petroleum Minister Ali Pervaiz Malik directed Sui companies to introduce a user-friendly mechanism for applications. He…
Power division has said in a statement that electricity has been fully restored in 341 feeders and 231 partially revived restoration work across flood-affected regions. It said that some areas await water recession for full repairs. The Power Division has released a detailed progress report on electricity restoration efforts in flood-affected regions up to September…
Two local gas producers, Dewan Petroleum and Al-Haj Enterprises, have reportedly struck dubious supply deals with third parties in a bid to secure gas marketing and distribution licenses from the Oil and Gas Regulatory Authority (Ogra). Inrevenors said that applications were submitted by third parties, partly based on future discoveries, which is contrary to OGRA’s…
As the government expedites work on executing the multi-billion-dollar Rekodiq Gold and Copper project, the government has decided to initiate a $390 million project to connect Gwadar through a Railway link. The government has declared the Reko-Diq Project as ‘qualified investment’ under the Act of Parliament and considers that railway track access is critical to…
The consumers are likely to face an increase in electricity bills for September 2025, up to Rs 0.91 per unit on account of fuel adjustment for the month of August 2025. The National Electric Power Regulatory Authority (NEPRA) is set to hold a public hearing on September 29, 2025.Nepra Holds NTDC Responsible for Power Blackout…
Vienna, Austria: Pakistan and the International Atomic Energy Agency (IAEA) signed the fifth Country Programme Framework (CPF) for 2026–2031 on the sidelines of the ongoing IAEA General Conference in Vienna on Wednesday. The Framework was signed by Dr. Raja Ali Raza Anwar, Chairman Pakistan Atomic Energy Commission (PAEC), on behalf of Pakistan, and Mr. Hua…
The government has introduced a new fee structure for domestic re-gasified liquefied natural gas (RLNG) connections, marking a major shift in the country’s energy supply policy. A notification from the Petroleum Division stated that all new gas connections will now be RLNG-based. This follows a federal cabinet decision to impose a permanent ban on new…
Power Division reports progress on electricity restoration in flood-affected areas with varying timelines across regions. The Power Division has reported substantial progress in restoring electricity supply across multiple flood-affected regions of Pakistan. It said that hundreds of feeders and dozens of grids were gradually returning to service. Despite the scale of damage, restoration efforts are…