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OGDCL, MOL confirm 26.5 MMCFD gas flow in Tal Block, de-risking exploration
The Oil and Gas Development Company Limited and its partners including its operator Hungarian-based MOL group have confirmed robust gas flows of 26.5 million cubic feet per day from the Bilitang-1 ST-1 well in the Tal Block, a result that de-risks further exploration and strengthens Pakistan’s push to expand domestic energy supply. The appraisal, conducted…
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Pakistan Awards Over 12.7bn in Local Grid Contracts to Fast Cables and Others
The government has awarded 12.67 billion rupees in contracts to domestic manufacturers for power transmission equipment, cutting procurement costs by about 40 per cent. The contracts have been awarded to M/s Fast Cables, M/s Newage Cables and M/s Pakistan Cables. Apart from these multi-billion rupees contracts, the state-run National Grid Company (NGC) also awarded capacity-building…
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U.S. judge rules Pentagon media limits unconstitutional
A federal judge in Washington, D.C., has ruled that restrictions imposed by the Pentagon on news organizations violate core freedoms protected under the U.S. Constitution, ordering the restoration of journalists’ access and sharply criticizing the department’s media policies. In a decision delivered in the District of Columbia, the judge said the Pentagon’s measures were unconstitutional…
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Iran says ceasefire not enough to end war with U.S., Israel
Iran’s foreign minister said Saturday that a simple ceasefire would not end the conflict with the United States and Israel, signaling Tehran’s unwillingness to halt fighting without firm guarantees the war will not resume. In an interview with Japanese media, Abbas Araghchi said it does not appear that Washington is prepared to end what he…
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Pakistan Inflation Set to Accelerate as Oil Surge Raises Risk of Double-Digit Prices
Pakistan’s inflation is poised to accelerate sharply, with consumer prices likely to climb to 7–7.5% in March and potentially reach double digits by April if global oil prices remain near $100 per barrel, raising fresh risks for the country’s fragile economic recovery. Rising fuel costs are already feeding into transport and energy prices, pushing up…
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Oil Shock, Remittance Risks Could Test Pakistan’s Rupee Stability: Tresmark
Pakistan’s currency may remain stable in the short term but faces mounting medium-term risks from volatile oil prices, potential remittance slowdowns and tightening global financial conditions, according to a new analysis by financial advisory firm Tresmark. In a report titled “Oil, Remittances and the Next Rupee Test,” Tresmark said Ramadan-related remittance inflows and manageable foreign-exchange…
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The Missiles That Made a Deal
When America and Israel launched “Operation Shield of Judah” barely 48 hours after fresh diplomatic feelers from Tehran, the easy verdict was that diplomacy had failed. Hawks had triumphed. Donald Trump had lost patience. Yet that reading misses a subtler truth: the strikes may not have buried negotiations—they may have been designed to save them….
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Govt says Rs224bn circular debt rise is seasonal, no net increase seen by year-end
Pakistan’s Power Division on Monday pushed back against reports of a sharp rise in circular debt, saying a Rs224 billion increase recorded from July to November 2025 was driven largely by seasonal factors that typically unwind before the end of the fiscal year — a reversal it said had already begun in December. In a…
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Pakistan completes record Rs659.6bn power sector Circular debt settlement
Pakistan has completed its largest-ever capital markets debt transaction, settling Rs659.6 billion in power sector liabilities in a major push to curb the country’s chronic circular debt, Power Minister Sardar Awais Ahmed Khan Leghari said Wednesday. The settlement forms a central pillar of the government’s Rs1.225 trillion Circular Debt Reduction Plan and is aimed at…
