News

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Russia eyes summer deal for new Karachi steel mill
Russia eyes summer deal for new Karachi steel mill
Source: Daily Times
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Pakistan faces $31 billion net outflow in foreign currency assets amid maturing liabilities
Pakistan faces $31 billion net outflow in foreign currency assets amid maturing liabilities
Source: Profit Pakistan
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Iran, China reach near $7b quarterly non-oil trade
Iran, China reach near $7b quarterly non-oil trade
Source: Tehran Times
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Iran president signs law suspending cooperation with IAEA
Iran president signs law suspending cooperation with IAEA
Source: Al Jazeera
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Indonesian media shouldn’t give platforms to pro-Israel voices
Indonesian media shouldn’t give platforms to pro-Israel voices
Source: middleeastmnt
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Pivoting between geopolitics and geo-economics
Pivoting between geopolitics and geo-economics
Source: The Express Tribune
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China’s approach to Central Asia beyond geopolitics
China’s approach to Central Asia beyond geopolitics
Source: Modern Diplomacy
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Russia’s War Economy Faces Imminent Recession
Russia’s War Economy Faces Imminent Recession
Source: OilPrice.com
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Indonesia Wants Drilling Partners to Revive Oil Output from Old Wells
Indonesia Wants Drilling Partners to Revive Oil Output from Old Wells
Source: OilPrice.com
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Iraq Claims Top Spot Among OPEC Crude Suppliers to the U.S.
Iraq Claims Top Spot Among OPEC Crude Suppliers to the U.S.
Source: OilPrice.com
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Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools | OilPrice.com
Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools | OilPrice.com
Source: OilPrice.com
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Behind Syria’s Oil Restart Lies a Bigger Geopolitical Game
Behind Syria’s Oil Restart Lies a Bigger Geopolitical Game
Source: OilPrice.com
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China Continues to Buy a Lot of Iranian Crude Oil
China Continues to Buy a Lot of Iranian Crude Oil
Source: OilPrice.com
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Major Chinese ports keep Iranian oil flowing despite sanctions
Major Chinese ports keep Iranian oil flowing despite sanctions
Source: Japan Times
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Oil Prices Take a Breather Ahead of OPEC+ Boost
Oil Prices Take a Breather Ahead of OPEC+ Boost
Source: OilPrice.com
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Pakistan’s OMC sales rise 2% MoM in June 2025, up 8% YoY
Pakistan’s OMC sales rise 2% MoM in June 2025, up 8% YoY
Source: MG News
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Pakistan misses export target for FY2024-25 as trade deficit widens
Pakistan misses export target for FY2024-25 as trade deficit widens
Source: The Nation
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From Symbolism To Strategy: Pakistan’s UNSC Presidency As A Test Of Diplomatic Maturity
From Symbolism To Strategy: Pakistan’s UNSC Presidency As A Test Of Diplomatic Maturity
Source: The Friday Times
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Pakistan Assumes UNSC Presidency And UNIDO Leadership In Diplomatic Milestone
Pakistan Assumes UNSC Presidency And UNIDO Leadership In Diplomatic Milestone
Source: The Friday Times
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Pakistan Joins Global Fossil Fuel Treaty Push—But Faces Scrutiny Over Domestic Contradictions
Pakistan Joins Global Fossil Fuel Treaty Push—But Faces Scrutiny Over Domestic Contradictions
Source: The Friday Times
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FBR seeks 18pc tax-to-GDP ratio by 2027-28
FBR seeks 18pc tax-to-GDP ratio by 2027-28
Source: Business recorder
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FBR targets 18% tax-to-GDP ratio by 2027-28 with focus on higher provincial contributions, transparency
FBR targets 18% tax-to-GDP ratio by 2027-28 with focus on higher provincial contributions, transparency
Source: Profit Pakistan
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Port Qasim halves export cargo charges
Port Qasim halves export cargo charges
Source: Dawn News
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FIA arrests two LESCO employees for embezzling Rs10 million
FIA arrests two LESCO employees for embezzling Rs10 million
Source: Profit Pakistan
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KP protests exclusion of its two projects from Centre’s energy expansion plan
KP protests exclusion of its two projects from Centre’s energy expansion plan
Source: Dawn
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Nepra approves revised power tariff
Nepra approves revised power tariff
Source: Business Recorder
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DISCOs and KE: Nepra approves revised average uniform SoT
DISCOs and KE: Nepra approves revised average uniform SoT
Source: Business recorder
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Power relief pulled back: PM’s Rs. 7.41 cut no longer in effect
Power relief pulled back: PM’s Rs. 7.41 cut no longer in effect
Source: Daily Times
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Govt decides to discontinue collection of ED by Discos
Govt decides to discontinue collection of ED by Discos
Source: Business recorder
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Govt rules out power surcharge
Govt rules out power surcharge
Source: The Express Tribune
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Electricity base tariff to drop by Rs1.14/unit as govt moves to ease power costs
Electricity base tariff to drop by Rs1.14/unit as govt moves to ease power costs
Source: The Nation
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‘Rise in POL products prices, gas tariffs will negatively impact SMEs’
‘Rise in POL products prices, gas tariffs will negatively impact SMEs’
Source: Business recorder
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Commuting costlier after fuel shock
Commuting costlier after fuel shock
Source: The Express Tribune
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An impending gas shortfall in eastern Australia? This is just gas market Groundhog Day
An impending gas shortfall in eastern Australia? This is just gas market Groundhog Day
Source: The Gardians
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Gas utility says not at fault for dug up roads
Gas utility says not at fault for dug up roads
Source: The Express Tribune
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Pipeline supplying gas to Punjab blown up in Lakki Marwat
Pipeline supplying gas to Punjab blown up in Lakki Marwat
Source: ARY
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SEHC achieves revenue target of Rs113m for FY25: minister
SEHC achieves revenue target of Rs113m for FY25: minister
Source: Business recorder
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Coal Ash Holds Unexpected Wealth in Rare Earth Elements
Coal Ash Holds Unexpected Wealth in Rare Earth Elements
Source: OilPrice.com
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Existing Rs3.23/unit DSS to go up if sales of power go down: CPPA-G
Existing Rs3.23/unit DSS to go up if sales of power go down: CPPA-G
Source: The Nation
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Water level sharply rises in Tarbela Dam
Water level sharply rises in Tarbela Dam
Source: Business recorder
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SOEs
SOEs
Source: Tribune
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CPEC and the Geostrategic Iron Triangle: Pakistan, Azerbaijan and Turkiye
CPEC and the Geostrategic Iron Triangle: Pakistan, Azerbaijan and Turkiye
Source: Pakistan Observer
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State of the economy
State of the economy
Source: Brecorder
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Pakistan looking to sell excess LNG amid supply glut curbing local gas output: document
Pakistan looking to sell excess LNG amid supply glut curbing local gas output: document
Source: Business recorder
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The future lab starts here!
The future lab starts here!
Source: The Express Tribune
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Nepra approves revised uniform tariff for FY 2025-26 amid industry concerns
Nepra approves revised uniform tariff for FY 2025-26 amid industry concerns
Source: Profit Pakistan
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Power sector reforms or policy whiplash?
Power sector reforms or policy whiplash?
Source: Business recorder
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Crisis Diplomacy: Global Power Plays in South Asia and Middle East Conflicts
Crisis Diplomacy: Global Power Plays in South Asia and Middle East Conflicts
Source: Modern Diplomacy
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China’s FM in Europe to seek closer ties in ‘volatile’ world
China’s FM in Europe to seek closer ties in ‘volatile’ world
Source: rfi
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Global Economic Shocks: Impact of US–China Rivalry on Morocco’s Trade and Investment
Global Economic Shocks: Impact of US–China Rivalry on Morocco’s Trade and Investment
Source: Modern Diplomacy
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Don't take our word for it.

Dr. Gulfaraz Ahmed
Dr. Gulfaraz Ahmed
Advisor Mari Petroleum, Former MD OGDCL, Former Secretary Petroleum

Despite historical energy resource exploration Pakistan is still to achieve self-sufficiency. Therefore Pakistan continues to promote its geology to attract the competitive exploration dollar internationally. The members of the vibrant energy industry in the country felt the need for instituting a forum of The Petroleum Club of Pakistan to serve as an open platform for the sharing of professional information. The PCP organizes meetings and seminars for sharing and promoting information of related knowledge and is headed by a President chosen for historical contributions to the industry in the country!

Dr. Syed Iqbal Mohsin
Dr. Syed Iqbal Mohsin
Former VC Wafaqi Urdu University, Former Director Evening program Karachi University

Petroleum Club of Pakistan provides a platform for professionals that was missing and was very much needed. The exchange of ideas and good communication is very healthy.

Syed Firasat Shah
Syed Firasat Shah
Ex Co-DMD Exploration & Business Development at Pakistan Petroleum Limited

Petroleum Club of Pakistan is a much needed, integrated think tank platform for the experienced energy professionals to interact, share thoughts on important energy challenges and to come up with fact-based solutions, by following the principles of mutual respect, collective wisdom, and constructive thinking. The club will also contribute to educating the public on energy-related issues to overcome common misconceptions and prevent its negative impact.

Dr. Saeed Khan Jadoon
Dr. Saeed Khan Jadoon
Ex Executive Director Exploration, Oil & Gas Development Company Ltd. Islamabad, Pakistan

On behalf of the Petroleum Club of Pakistan (PCP), my team and I welcome all our members and visitors to our web platform. PCP is a not-for-profit organization, our efforts are towards making Pakistan a leading country in the energy sector by strengthening the links between professionals of the Energy Sector of Pakistan through the power of networking, technology utilization, local research, human resource development, ancillary skills, and counseling. We provide our members with a professional platform to interactively discuss energy-related issues and to propose fact-based solutions that may be used as energy industry feedback for policy formulation. PCP also arranges workshops and talk shows to increase awareness on energy-related issues and the link between academia and the industry.

Ahmed Nawaz
Ahmed Nawaz
Chief Operating Officer (COO) at MOL Pakistan Oil & Gas Co. B.V.

PCP is indeed a prestigious platform that is providing an opportunity to professionals from across the petroleum industry to exchange their views and contribute toward the betterment of our beloved country Pakistan. The thing which I admire the most about PCP, it has made a wealth of knowledge and wisdom accessible to emerging and young industry professionals from those who otherwise would have gone into hibernation post their retirement. Forward-looking, I foresee PCP tremendous role in improved inclusion and structured dissemination of knowledge providing discipline-based expert forums whereby industry and academia can equally benefit and effectively contribute in this volatile, uncertain, complex and ambiguous petroleum business.

Moin Raza Khan
Moin Raza Khan
MD & CEO Pakistan Petroleum Limited

It is heartening to see the Petroleum Club of Pakistan (PCP) flourish in terms of its membership over the past few years. Now we have knowledge powerhouses representing the entire spectrum of the Petroleum and Energy industry in its fold. With an amalgam of young and highly experienced, seasoned professionals of this industry, it carries several thousand years of experience, PCP seems to be well poised to deliver on the very objectives that it was formed for. Being a front runner and a representative from the upstream petroleum sector, now I can say that PCP is getting closer to my vision of providing the best think tank for influencing key decisions by the policymakers, planners, and promulgators across all streams of oil & gas industry of Pakistan.

Masood Siddiqui
Masood Siddiqui
Ex MD, OGDCL

Petroleum Club of Pakistan is a great platform for debating the energy issues of Pakistan. With the thousands of years of experience present at the forum, issues can debated threadbare with across the board perspective incorporated in the outcome.

Muhammad Raziuddin Monem
Muhammad Raziuddin Monem
Member Board Of Directors SSGC , Former Regional Head MI Schlumberger

Petroleum Club is a very good medium to exchange views and ideas about what ails the Petroleum industry and suggestions on some out of the box solutions for the policymakers to see an alternative approach to what they've been doing. This will offer them something to think about. I have always felt that once we have really good Corporate Governance on both sides, in the industry and the regulators or shouldn't we call them facilitators, both ensure that decisions are taken primarily on merit and the Code of Corporate Governance is strictly followed a lot of the issues will be settled, slowly but surely. So here's to a meaningful discussion on this valuable forum.

Muhammad Arif
Muhammad Arif
Member Gas at OGRA

It gives me immense pleasure in penning down to acknowledge that the creation of the Petroleum Club of Pakistan has been the most needed and long-awaited initiative which has united and brought industry professionals at one platform. The Club members’ life long experience and their wisdom reflected in intellectual discourse on most difficult industry issues are invaluable. Issuance of periodic hardcore advisory papers by PCP may provide guiding principles for the government and regulators in the formulation of policies and taking timely corrective measures in addressing the complex industry issues in these testing times and years to come. I am very hopeful and confident that life long experience and wisdom of the very experienced and committed members of PCP would not only strengthen the social and professional network, but it would also be able to truly act as “Think Tank” and provide timely advise or at least “Food for Thought” to the policymakers to address compelling issues faced by the industry with a view to ultimately achieve sustainable security of energy supplies in a competitive market environment. The success of the Petroleum Club of Pakistan is due to the active, timely and painstaking efforts being made by the Club team.

Syed Arif Kamal
Syed Arif Kamal
Former Chief Executive POL & Executive Director OGDCL

Establishment of Petroleum Club of Pakistan became a reality due to vision, inspiration and sincere efforts of members in general but of founder members in particular resulting in a rapid and even an unprecedented growth of membership. Every one has noticed a very enthusiastic participation of members in sharing the technical knowhow and industry information. I hope soon speaker series may also be initiated for dissemination and sharing of knowledge. Finally all the effort of members is focused to help the Country in meeting its energy requirements in an environtally safe, responsible and sustainable manner.

G.A. Sabri
G.A. Sabri
Former Federal Secretary Petroleum / DGPC

Formation of Petroleum Club Of Pakistan is an excellent Initiative and being a member i am thoroughly enjoying it. I would like to compliment Mr. Tahir Alam and Dr. Saeed Khan Jadoon for the wonderful initiative. The Daily news update is again an great idea. PCP is a very good forum for professional interaction and source of learning for the younger generation, as well as keeping the old vintage updated. I would strongly propose that the Government should officially accept it as a think tank group which can make a very useful contribution to policy making. Organisations like PPEPCA and OCAC, which have been there since ages were not able to do what PCP has achieved. It would have a greater impact if the strength of downstream professionals could be increased. PCP’s growth and success will be a source of professional pride. Keep it up Tahir Alam and good luck.

PCP
PCP
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Petroleum Club Of Pakistan

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