Mari Energies Rejects $19 Million Lawsuit, Defends Contract Termination Decision
Mari Energies Limited (PSX: MARI) has firmly rejected allegations surrounding a $19 million lawsuit filed by Singapore-based Petrosin CNG (Pvt.)…
Tag: Energy Sector
Electricity Generation Costs Rise 14% in Pakistan as RLNG and Furnace Oil Prices Climb
Pakistan’s average fuel cost for electricity generation increased by 14 percent year-on-year in June 2026, reflecting higher expenses associated with…
Government Plans Faster Petrol Price Relief as New Weekly Pricing Mechanism Under Review
The federal government is preparing to introduce a new pricing mechanism for petroleum products that could allow consumers to benefit…
Government Increases Petrol Levy by Nearly Rs. 25 Per Litre Despite Fresh Fuel Price Reduction
The federal government has significantly increased the petroleum levy on petrol by Rs. 24.74 per litre, even as consumers received…
Punjab Approves New Tax Framework for Large Generators and Solar Power Systems
The Punjab government has reportedly approved a new taxation framework targeting large-scale private power generation systems, including high-capacity generators and…
Hascol Approves Major Debt Restructuring Plan to Support Business Revival
Hascol Petroleum Limited has approved a major debt restructuring plan aimed at supporting the company’s financial recovery and long-term business…
Govt Claims Timely Action Prevented Major Electricity Price Hike During US-Iran Conflict
Pakistan’s Ministry of Energy (Power Division) has claimed that strategic planning and timely interventions helped protect electricity consumers from a…
OGDC Announces New Gas and Condensate Discovery at Dars West-3 in Sindh
Oil and Gas Development Company Limited (PSX: OGDC) has announced the successful discovery of additional gas and condensate at a…
PSX Extends Bull Run as KSE-100 Index Crosses 168,000 Amid Strong Buying in Key Sectors
The Pakistan Stock Exchange (PSX) continued its upward momentum as the benchmark KSE-100 Index surged past the 168,000-point barrier, reflecting…
Mari Petroleum Unveils Significant Oil and Gas Discovery in Sindh
Mari Petroleum Company Limited (MPCL) has announced a major breakthrough in Pakistan’s energy exploration sector with a new oil and…