Author: Manzoor Shaikh
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Cnergyico Board Ratifies 20-Year Pipeline Arrangement with Asia Petroleum
PAKISTAN Cnergyico Pk Limited (CPL) has informed the Pakistan Stock Exchange that its Board of Directors has ratified the execution of a Head of Terms agreement with Asia Petroleum Limited (APL) for the utilization of APL’s 14-inch pipeline system. The decision was taken during the board meeting held on February 24, 2026. Under the proposed…
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OGDCL Tests New Gas and Condensate Well at Dars West Field in Sindh
PAKISTAN Oil and Gas Development Company Limited (OGDCL) has successfully tested a new development well in the C-Sands of the Lower Goru Formation at Dars West-3, located in District Tando Allah Yar, Sindh Province. According to a notice shared with the Pakistan Stock Exchange (PSX), the well was drilled to a total depth of 2,100…
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HBL Reappoints Muhammad Nassir Salim as President & CEO for Two-Year Term
PAKISTAN Habib Bank Limited (HBL) has announced the reappointment of Mr. Muhammad Nassir Salim as President and Chief Executive Officer for a further term of two years, effective April 30, 2026, subject to all applicable regulatory approvals. In a notice shared with the Pakistan Stock Exchange (PSX), the bank stated that its Board of Directors…
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PC Board Forms Committee to Negotiate with ADB on Islamabad Airport Privatisation
PAKISTAN The Privatisation Commission Board (PC Board), in its 248th meeting held on Monday, constituted a Negotiation Committee to engage with the Asian Development Bank (ADB) over a potential Financial Advisory Services Agreement (FASA) for the proposed privatisation of Islamabad International Airport (IIA). The meeting was chaired by Mr. Muhammad Ali, Adviser to the Prime…
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Govt Imposes Captive Power Levy Under IMF Condition; Financial Benefit to Go to Consumers
PAKISTAN The federal government has reportedly imposed a levy on captive power plants in line with conditions set by the International Monetary Fund (IMF), a move officials quoted by a digital TV channel’s website say will pave the way for reducing electricity tariffs for consumers across Pakistan. Under the new measure, a levy of Rs1,247…