Fatima Fertilizer Company Limited (FFCL) has decided to acquire 100% ownership of Fatima Petroleum Company Limited (FPCL) — a company that is not listed on the stock exchange.
The acquisition will be done at face value, meaning FFCL will pay the original nominal value of the shares, not a market-driven or...
Pakistan’s trade deficit with the Middle East widened by 7.37 per cent to $13.974 billion in FY25 from $13.014bn a year ago, primarily due to a sharp increase in petroleum imports.
According to data compiled by the State Bank of Pakistan, the growing deficit reflects the country’s heavy reliance on...
The government on Tuesday increased the prices of petrol and high-speed diesel (HSD) by Rs5.36 and Rs11.37 per litre, respectively, for the current fortnight (ending July 31), attributing the hike to higher international prices and import premiums.
In a late-night announcement, the Ministry of Finance said the Oil and Gas...
Petrol and diesel prices are expected to rise by up to Rs6.60 per litre (2.5%) for the next fortnight starting July 16, 2025, according to estimates by the petroleum industry.
The projected hike includes a Rs6.60 per litre increase in petrol prices and a Rs5.27 per litre (1.9%) rise in...
The World Bank is likely to provide technical assistance for developing an integrated infrastructure roadmap and socio-economic development plan for Reko Diq and other mining sites in Balochistan.
They said that a World Bank representative has consented to technical assistance plan in a recent meeting of the Non-Lending Technical Assistance...
Aramco unveiled its first fuel retail station in Pakistan today. It follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan (GO), a key player in Pakistan’s downstream sector with a network of over 1,200 fuel retail stations nationwide.
Aramco is one of the world’s leading integrated energy...
Federal Planning and Development Minister Ahsan Iqbal emphasized Pakistan’s vast potential to generate 300,000 megawatts of renewable energy from wind and solar power. “However, mobilizing both private and public finance is essential to realizing this potential,” he stated during the second day of the Asia Energy Transition Summit 2024,...
Dr. Rüdiger Lotz, the German Consul General, recently visited Thar Coal Block II in Pakistan’s Tharparkar district to observe the operations of the Sindh Engro Coal Mining Company (SECMC), the 660 MW Engro Powergen Thar Limited (EPTL) power plant, and the community development programs led by the Thar Foundation,...
