Ministry of Energy, Pakistan announces the results of the competitive Offshore Bid Round 2025, launched in January this year after a gap of 18 years for the grant of petroleum exploration licenses in forty (40) offshore blocks. Before initiating the process, the Ministry developed a Model Production Sharing Agreement (MPSA), a key document integrated into…
As Pakistan has largely become self reliant in local needs for rare earth minerals -Scientists from more than 20 countries discuss latest research works at ISAM25. The five-day 19th International Symposium on Advanced Materials (ISAM-2025) held at the National Centre for Physics (NCP), Islamabad witnessed strong demand for developing bonds to share research works and…
The ‘International Day to End Impunity for Crimes Against Journalists’ provides an urgent reminder for the need to change course by the authorities in Pakistan. Country has to work towards building a safer environment for journalists and for the right to free expression to be protected. The Pakistan Press Foundation (PPF) has launched a report…
Addressing a significant market gap, the extended DEX service offerings will enable brands and sellers beyond Daraz platform to leverage world-class logistics solutions. DEX delivers fast, accurate, and transparent fulfillment through sustained investment in automated sorting, AI route planning, predictive analytics and real-time tracking. Anchored by Pakistan’s first Smart Distribution Center and the country’s only…
Audit objection over Rs12.71 bn has been raised against the National Telecommunication Corporation (NTC), mainly owing to unauthorised expenditures, violation of finance related rules and non-recovery of dues. The audit has highlighted that the NTC made unauthorised expenditure without approved budget amounting to Rs6.03 billion. The audit objected about irregular procurement of refurbished Long-Haul spares…
The Government has assured by the auto sector that commercial imports of used cars will not be misused due new measures. The assurance was given by the two ministers in a meeting with delegation from the Pakistan Automotive Manufacturers Association (PAMA) and the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM). The meeting was…
The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in PKP Kirthar B.V., PKP Exploration II Limited, and PKP Kadanwari Limited from KUFPEC Pakistan Holdings B.V. The approvals were granted after a comprehensive Phase-I review under Section 11 of…
BingX, a leading cryptocurrency exchange and Web3 AI company, has launched the expansion of its Real-World Asset (RWA) perpetual futures offerings, introducing access to five popular RWAs — Gold, Silver, Brent Oil, WTI Oil, and Natural Gas — with the flexibility of USDT settlement through BingX platform. Read More: Telenor Pakistan and AARI Partner to…
As the much-trumpeted Lahore Science Mela (LSM) 2025 came to a close on a high note, Dr. Rashid Mahmood, Spokesperson of Pakistan Atomic Energy Commission (PAEC) has urged that such successful events need to be launched in other major cities of the country especially the capital. Read More: Saudi group launch AI Hub in Pakistan…
Possibly in a bid to prevent further solarisation – the government has announced an electricity subsidy to agriculture and industrial consumers. The move could invite a new conflict of narrative between the Climate change initiative and the power sector of Pakistan.Prime Minister Muhammad Shehbaz Sharif has announced the Roshan Maeeshat Electricity Package aimed at boosting…