Oil & Gas Development Company Limited (OGDCL) announced on Tuesday that the Sahito-1 gas discovery in the Lower Goru Formation (Massive Sand) within the Khewari Exploration License was successfully put into production. In a statement, OGDCL said that Sahito-1 was currently producing 6.0 MMSCFD of gas and production was expected to be progressively ramped up following the planned expansion of su
Buying momentum continued at the Pakistan Stock Exchange (PSX) as Iranian negotiators said progress had been made in peace talks with the United States, with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading on Monday. At 9:45am, the benchmark index was hovering at 179,765.33, up by 842.58 points or 0.47%. Buying was observed in key sectors, including
Tech experts have called for stronger promotion of the IT sector, urging a focus on a five-layer artificial intelligence (IT) stack spanning energy, chips, infrastructure, models and applications. Speaking to Business Recorder, Liaquat Ali, Founder of LA Consulting Corporation, said promoting the IT industry required moving up the five-layer AI stack. “Pakistan competes only at the applicati
The government is set to hand over Pakistan International Airlines (PIA) to its new owners by the end of the current month, as all remaining codal formalities and documentation have been completed. This was revealed by Prime Minister’s Adviser on Privatisation, Muhammad Ali, in an interview with Business Recorder. PIA was sold in December 2025 to a consortium led by Karachi-based Arif Habib
A young leader of the United Business Group (UBG) and prominent businessman Shehzad Mobeen has said that Pakistan must now move away from its traditional import-dependent economic model and rapidly transition toward a competitive, export-oriented economy. He noted that in the current global economic environment, the countries achieving sustained growth were those that had been enhancing their i