The Senate was informed today that the government is keenly interested to encourage foreign investment in oil and gas exploration. Minister for Petroleum Musadik Malik told the house during Question Hour that four bidding rounds were conducted in the last four years. Thirty-three blocks were awarded to exploration and production companies, wherein, international companies have presence in seven blocks. The Minister for Petroleum said that offshore bidding rounds for twenty-four blocks are being finalized. He said the government is introducing a mechanism under which all fertilizers will get the gas supply on same price rate. The House was adjourned to meet again tomorrow at 4:00 pm. Source: Radio Pakistan
Govt eager to encourage foreign investment in oil, gas exploration, Senate told
RECENT NEWS
Efforts Afoot to Reduce Financial Burden on Power Consumers
September 11, 2026
Support Grows for Creation of Smaller Provinces and Administrative Units
September 11, 2026
PM Calls for Expanded Global Market Access for Pakistani Agri Products
September 11, 2026
Digital Media Effective Tool for Public Communication: Tarar
September 11, 2026
BISP Central Zone Punjab Holds Workshop on Benazir Nashonuma Phase 3
September 11, 2026
PDMA Issues Rain, Thunderstorm Alert for KP
September 11, 2026
CM Maryam Announces 14 More Electric Buses for Sahiwal
September 11, 2026
Bilal Bin Saqib Calls for Effective Regulation of Digital Assets
September 11, 2026
Security Measures to Continue for Peace in Balochistan: Corps Commander
September 11, 2026
Khalid Maqbool Inaugurates Renovated Science Labs in Islamabad
September 11, 2026
PM Shehbaz Sharif Orders Cap on Load Shedding to Two Hours
September 11, 2026