ISLAMABAD – Pakistan Petroleum Limited (PPL) announced a major hydrocarbon discovery from its exploratory well Sawan North Deep-1 ST-1 in Khairpur, Sindh. The well produced gas at 0.30 MMSCFD and marks a significant milestone for the Sawan Joint Venture. The discovery validates new geological models and may boost future exploration in the region. The Sawan […]
PPL
Pakistan awards offshore exploration licenses after 18 years
ISLAMABAD – The Ministry of Energy has announced the results of the Offshore Bid Round 2025, marking the country’s first competitive bidding for offshore petroleum exploration licenses in 18 years. The bid round, launched in January 2025, offered 40 offshore blocks as part of Prime Minister Shehbaz Sharif’s vision to enhance energy security, indigenization, and local […]
Pakistan awards 23 offshore oil blocks to local and foreign consortiums
ISLAMABAD: In a major step toward reviving offshore energy exploration, Pakistan has awarded 23 offshore oil and gas exploration blocks to four consortiums led by local energy companies, with some partnered with foreign firms, including Turkiye’s national oil company TPAO, the Ministry of Energy announced on Friday. This marks Pakistan’s first offshore bidding round in […]
Bloodbath on trade floor, as PSX sheds 816 points
The Pakistan Stock Exchange (PSX) on Monday kicked off on a positive note, hitting the day’s high of +511 point on early excitement of Pakistan reaching a deal with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion. However this positivity couldn’t last long, as the market came […]
PSX Index closes at 35-month low as uncertainty persists
Pakistan equities closed Tuesday bearish with benchmark KSE-100 Index shedding 498 points, closing at 36,404 levels, down 1.3 percent. The local bourse witnessed a dull trading session making a low of -766 points. An equity analyst at IIS Securities said KSE-100 index remained under pressure throughout the session Tuesday due to uncertainty over the International […]
PSX lands in red as KSE-Index sheds 629 points
Pakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 & -690 points, respectively. Market came under pressure on the lack of clarity on the economic front. Moreover, banking sector led the […]
Stocks in Pakistan recover as trade figures improve
The benchmark KSE-100 Index on Thursday gained 208 points or 0.6 percent, to close at 36,788 levels. The local bourse made a high and a low of +331 & -80 points, respectively. Market came under duress due to selling pressure by the local institutions. The KSE-100 remained positive through most of the session as trade […]
Bearish sentiment continues as PSX index sheds 599 points
Pakistan Stock Exchange (PSX) Index shed 600 points Monday to close at 36,922 levels, down 1.6 percent. Pressure was seen in the market over political noise as the Foreign Minister Shah Mahmood Qureshi stated about Delhi planning more military action against Pakistan in the third week of April. An equity analyst at IIS Securities said […]
Pakistan stocks remain under selling pressure, shed 319 points
Pakistan equities closed further negative on Tuesday as the benchmark KSE-100 Index shed another 319 points, closing at 38,036 levels, down by 0.8 percent from the previous day’s close. Consumer Price Index (CPI) inflation for March-2019 settled at 9.41 percent year-on-year (YoY), depicting a surge of 120bps from the preceding month on back of surge […]