Pakistan has intensified efforts to attract international partners in its mining sector, with officials highlighting the country’s vast reserves of copper, gold, and rare earth elements. In a recent meeting with outgoing Australian High Commissioner Neil Hawkins, Petroleum Minister Ali Pervaiz Malik stressed Pakistan’s growing potential to emerge as a major global resource supplier. The […]
Petroleum Minister Ali Pervaiz Malik
Govt finalises petroleum sector reforms to tackle financial crisis
The government is finalising structural reforms in the petroleum sector to ease financial distress, focusing on renegotiating LNG contracts, reducing excessive port charges, settling circular debt, and improving domestic gas tariff efficiency. The 5th meeting of the Committee on implementation of these reforms was held on August 18, 2025, chaired by Petroleum Minister Ali […]
Pakistan, Qatar to renegotiate LNG prices before 2026
Pakistan is preparing to hold important discussions with Qatar to review liquefied natural gas (LNG) supply terms before the price opening clause activates in March 2026. A delegation led by Petroleum Minister Ali Pervaiz Malik will visit Qatar later this month to finalize the Annual Delivery Plan for 2026. These talks aim to avoid further […]
Pakistan’s Reko Diq mine expected to generate over $75 billion in 37 years
The Reko Diq mining project, set to become Pakistan’s largest Western investment, is projected to generate over $75 billion in cash flows during its 37-year lifespan, according to Petroleum Minister Ali Pervaiz Malik. In a recent National Assembly session, Malik outlined key details of the project’s fiscal terms, production phases, and community benefits. Phase one, […]