The Oil and Gas Development Company Limited (OGDCL) on Wednesday announced a major oil and gas discovery at its exploratory well Baragzai X-01 (Slant) in Nashpa Block, in Khyber Pakhtunkhwa’s Kohat district. The well is currently producing 2,280 Barrels per Day (BPD) of oil and 5.6 Million Standard Cubic Feet per Day (MMSCFD) of gas, through choke size 32/64” at wellhead flowing pressure (WHFP)
Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. Brent crude futures rose 27 cents, or 0.4%, to $62.48 a barrel by 0101 GMT, and U.S. West Texas Intermediate crude was at $58.79 a barrel, up 33 cents, or 0.6%. WTI crude oil
In a corporate move, Systems Limited, one of Pakistan’s largest software firms, has announced plans to purchase Confiz Pakistan (Private) Limited through a merger The listed software firm shared the development in a Thursday notice to the Pakistan Stock Exchange (PSX). “The Board of Directors of the company, by way of resolutions passed through circulation on December 10, 2025, considered an
Bulls took the driving seat at the Pakistan Stock Exchange (PSX) on Tuesday as the market surged to new highs following approval of $1.3 billion in loan tranches under two different programmes by the International Monetary Fund (IMF). The benchmark KSE-100 index rose 1,153 points, or 0.69%, to reach an all-time high at 169,456. Support came from consistent stock buying by local mutual funds and
Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 170,000 level during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 170,171.82, an increase of 715.44 points or 0.42%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas