The winding-up process of Pakistan Hotel Developers Limited has hit another roadblock amid the company’s ongoing litigation and recovery of amounts. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. The company said that its liquidators filed an application, JCM No. 38 of 2026, before the High Court of Sindh on June 27, 2026, under Se
South Korea’s state-owned Korea South-East Power Company (KOEN) has urged Pakistan to remove regulatory hurdles holding up nearly $1 billion in planned hydropower investments, citing delays in tariff determination and uncertainty over the country’s future power generation plan. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of KOEN, h
Pakistan’s Finance ministry projected on Tuesday the benchmark CPI inflation reading in the range of 11-12% in June 2026 amid declining oil prices in the wake of easing geopolitical tensions. The headline inflation clocked in at 11.7% on a year-on-year (YoY) basis in May 2026, which was the highest reading since June 2024, according to Arif Habib Limited (AHL). In its Monthly Economic Update
President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has urged the government to seriously examine the possibility of importing low-cost oil and gas from Iran through local currency transactions, saying such a move could help meet the country’s energy needs at lower cost, ease pressure on foreign exchange reserves, and strengthen the national economy. Rajput
The Oil & Gas Development Company Limited (OGDCL) has completed drilling of the Chak 63-05 development well in the Chak 63 Development and Production Lease (D&PL), located in Sanghar district, Sindh. During production testing through a 32/64-inch choke, Chak 63-05 produced 600 barrels of condensate per day (BPD) and 10.5 million standard cubic feet of gas per day (MMSCFD) at a wellhead flowing