ISLAMABAD – In a major development for Pakistan’s energy sector, Mari Petroleum Company Limited (MPCL) announced a new oil and gas discovery in Sindh on Friday. The discovery was made at the Mari Ghazij CFB-1 exploration well, which began drilling on September 12, 2025. The well reached the Sill formation at 1,195 meters, producing 305 […]
energy sector
PSX Market Surges as IMF Nears Staff-Level Agreement with Islamabad
KARACHI – The Pakistan Stock Exchange (PSX) opened on a strong note on Thursday after reports of significant progress between the International Monetary Fund (IMF) and the Government of Pakistan on key economic reviews. The KSE-100 index jumped 1,382.51 points to reach 166,647.25 points, marking an increase of 0.84% as optimism spread across the trading floor. […]
Govt unveils Rs2.42 trillion circular debt plan, tariff changes await NEPRA nod
The Power Division has shared its plan with the National Assembly to tackle the massive Rs2.42 trillion circular debt in the energy sector. Minister Awais Leghari confirmed the strategy is part of the Circular Debt Management Plan, backed by the Ministry of Energy, Ministry of Finance, and a task force. He added that Rs1.2 trillion […]