The Federal Investigation Agency has launched multiple inquiries into alleged irregularities involving oil storage licences, fuel stock reporting, and petroleum-related financial claims exceeding ₨10 billion across the country. The investigation focuses on possible violations linked to storage approvals, inventory misreporting, and suspected misuse of regulatory procedures within the petroleum supply chain. Authorities said the probe […]
Pakistan oil sector
Pakistan oil gas sector profit climbs on strong prices
Pakistan’s oil and gas exploration sector delivered strong financial results in the third quarter of FY2026, posting profits of Rs92 billion as higher crude prices and reduced costs supported overall performance. The sector recorded a 24 percent increase compared to the previous quarter and a modest 1 percent rise year-on-year, reflecting stable growth despite broader […]