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    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

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    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

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    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

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    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

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    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

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    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

    Pakistan, China Sign $440m Pharma Deals as PM Reaffirms Security for Chinese Investors

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    World Bank Approves $375.9 Million to Upgrade Pakistan’s Electricity Grid

    World Bank Approves $375.9 Million to Upgrade Pakistan’s Electricity Grid

    Gold Falls by Rs3,000 per Tola in Pakistan Following Global Decline

    Gold Falls Rs2,400 Per Tola in Pakistan as Global Prices Weaken

    Pakistan Launches InvestPak Portal to Broaden Investor Base, Reduce Reliance on Banks

    Pakistan Launches InvestPak Portal to Broaden Investor Base, Reduce Reliance on Banks

    FPCCI Calls for Return of Cotton Exchange Building to KCA, Warns of Impact on Cotton Sector

    FPCCI Calls for Return of Cotton Exchange Building to KCA, Warns of Impact on Cotton Sector

    Govt Reduces Petrol, Diesel Prices by Rs1.97 Per Litre

    Govt Reduces Petrol, Diesel Prices by Rs1.97 Per Litre

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    The Transit Potential of the Turkic World: Integrating Economies and New Logistical Solutions

    The Transit Potential of the Turkic World: Integrating Economies and New Logistical Solutions

    Center for Islamic Civilization: A Megaproject Recognized by the International Community

    Center for Islamic Civilization: A Megaproject Recognized by the International Community

    Khojaly Genocide: A bloody chapter in 20th-century history

    Khojaly Genocide: A bloody chapter in 20th-century history

    Remembering Khojaly is a moral obligation

    Remembering Khojaly is a moral obligation

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    Gold Price Falls by Rs1,100 Per Tola in Pakistan

    Gold Price Falls by Rs1,100 Per Tola in Pakistan

    Pakistan Retains Representation on ICCD Executive Bodies

    Pakistan Retains Representation on ICCD Executive Bodies

    Embassy of Romania Inaugurates “Romanian Shelf” at the National Library of Pakistan

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    PM Shehbaz, Chinese Envoy Discuss CPEC Expansion and Bilateral Cooperation

    PM Shehbaz, Chinese Envoy Discuss CPEC Expansion and Bilateral Cooperation

    Poland Envoy Praises Pakistan’s Role in Regional Peace and Diplomacy at National Press Club Islamabad

    Poland Envoy Praises Pakistan’s Role in Regional Peace and Diplomacy at National Press Club Islamabad

    Ishaq Dar calls Pakistan-China friendship as “time-tested and strengthened by trust” at launch of Digital Economic Centre

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    Pakistan-China B2B Summit Seals Over 50 MoUs, Battery Storage Sector Leads with $82 Million Deal

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    Polish National Day Celebrated in Islamabad with Strong Focus on Bilateral Ties and Global Peace

    Polish National Day Celebrated in Islamabad with Strong Focus on Bilateral Ties and Global Peace

    Stocks swing, oil edges up with US-Iran peace talks stalled

    Stocks swing, oil edges up with US-Iran peace talks stalled

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    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    Govt Allows NBFCs to Join PM’s Apna Ghar Programme

    Govt Allows NBFCs to Join PM’s Apna Ghar Programme

    Economic Survey 2025-26 to Highlight Fiscal Performance Ahead of FY27 Budget

    Economic Survey 2025-26 to Highlight Fiscal Performance Ahead of FY27 Budget

    Pakistan Reopens Offshore Oil, Gas Exploration After Nearly 20 Years

    Pakistan Reopens Offshore Oil, Gas Exploration After Nearly 20 Years

    Pakistan Losing Rs350bn Annually to Illegal Cigarette Trade, PMI Tells Commerce Minister

    Pakistan Losing Rs350bn Annually to Illegal Cigarette Trade, PMI Tells Commerce Minister

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  • Latest
    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

    Pakistan, China Sign $440m Pharma Deals as PM Reaffirms Security for Chinese Investors

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

  • Business & Finance
    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    China’s June Aluminium Imports Fall 17.4% as Higher Overseas Prices Weigh on Demand

    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

    Pakistan, China Sign $440m Pharma Deals as PM Reaffirms Security for Chinese Investors

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Aurangzeb Calls for Faster Capital Market Reforms to Reduce Reliance on Bank Lending

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    Pakistan Signs LoI with Plug and Play to Boost Startup Ecosystem

    World Bank Approves $375.9 Million to Upgrade Pakistan’s Electricity Grid

    World Bank Approves $375.9 Million to Upgrade Pakistan’s Electricity Grid

    Gold Falls by Rs3,000 per Tola in Pakistan Following Global Decline

    Gold Falls Rs2,400 Per Tola in Pakistan as Global Prices Weaken

    Pakistan Launches InvestPak Portal to Broaden Investor Base, Reduce Reliance on Banks

    Pakistan Launches InvestPak Portal to Broaden Investor Base, Reduce Reliance on Banks

    FPCCI Calls for Return of Cotton Exchange Building to KCA, Warns of Impact on Cotton Sector

    FPCCI Calls for Return of Cotton Exchange Building to KCA, Warns of Impact on Cotton Sector

    Govt Reduces Petrol, Diesel Prices by Rs1.97 Per Litre

    Govt Reduces Petrol, Diesel Prices by Rs1.97 Per Litre

  • Fintech
  • Opinion
    The Transit Potential of the Turkic World: Integrating Economies and New Logistical Solutions

    The Transit Potential of the Turkic World: Integrating Economies and New Logistical Solutions

    Center for Islamic Civilization: A Megaproject Recognized by the International Community

    Center for Islamic Civilization: A Megaproject Recognized by the International Community

    Khojaly Genocide: A bloody chapter in 20th-century history

    Khojaly Genocide: A bloody chapter in 20th-century history

    Remembering Khojaly is a moral obligation

    Remembering Khojaly is a moral obligation

  • World
    Gold Price Falls by Rs1,100 Per Tola in Pakistan

    Gold Price Falls by Rs1,100 Per Tola in Pakistan

    Pakistan Retains Representation on ICCD Executive Bodies

    Pakistan Retains Representation on ICCD Executive Bodies

    Embassy of Romania Inaugurates “Romanian Shelf” at the National Library of Pakistan

    Embassy of Romania Inaugurates “Romanian Shelf” at the National Library of Pakistan

    PM Shehbaz, Chinese Envoy Discuss CPEC Expansion and Bilateral Cooperation

    PM Shehbaz, Chinese Envoy Discuss CPEC Expansion and Bilateral Cooperation

    Poland Envoy Praises Pakistan’s Role in Regional Peace and Diplomacy at National Press Club Islamabad

    Poland Envoy Praises Pakistan’s Role in Regional Peace and Diplomacy at National Press Club Islamabad

    Ishaq Dar calls Pakistan-China friendship as “time-tested and strengthened by trust” at launch of Digital Economic Centre

    Ishaq Dar calls Pakistan-China friendship as “time-tested and strengthened by trust” at launch of Digital Economic Centre

    Pakistan-China B2B Summit Seals Over 50 MoUs, Battery Storage Sector Leads with $82 Million Deal

    Pakistan-China B2B Summit Seals Over 50 MoUs, Battery Storage Sector Leads with $82 Million Deal

    Polish National Day Celebrated in Islamabad with Strong Focus on Bilateral Ties and Global Peace

    Polish National Day Celebrated in Islamabad with Strong Focus on Bilateral Ties and Global Peace

    Stocks swing, oil edges up with US-Iran peace talks stalled

    Stocks swing, oil edges up with US-Iran peace talks stalled

  • Pakistan
    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    Petrol Up Rs5.44, Diesel Soars Rs31.05 as Government Introduces Daily Fuel Pricing

    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    PIA Shortlists Former Ethiopian Airlines CEO to Lead Turnaround: Report

    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    ADB Appointed Financial Adviser for Islamabad Airport Outsourcing

    Govt Allows NBFCs to Join PM’s Apna Ghar Programme

    Govt Allows NBFCs to Join PM’s Apna Ghar Programme

    Economic Survey 2025-26 to Highlight Fiscal Performance Ahead of FY27 Budget

    Economic Survey 2025-26 to Highlight Fiscal Performance Ahead of FY27 Budget

    Pakistan Reopens Offshore Oil, Gas Exploration After Nearly 20 Years

    Pakistan Reopens Offshore Oil, Gas Exploration After Nearly 20 Years

    Pakistan Losing Rs350bn Annually to Illegal Cigarette Trade, PMI Tells Commerce Minister

    Pakistan Losing Rs350bn Annually to Illegal Cigarette Trade, PMI Tells Commerce Minister

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OGDCL begins oil output from Pakistan’s first horizontal well in Hyderabad

News Desk by News Desk
March 24, 2026
in Latest, Pakistan
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OGDCL Announces Major Oil and Gas Discovery in Kohat
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Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production firm, has started oil production from an exploratory well in Sindh.

The company announced the development in a notice to the stock exchange on Tuesday.

“We are pleased to inform that OGDCL has successfully commenced oil production from its development well Pasakhi-13, marking a historic milestone as Pakistan’s first successful horizontal oil well in clastic reservoir (lower Goru – A sand),” read the notice.

According to the company, the Pasakhi-13 well is located in the Hyderabad district and is producing 460 barrels of oil per day (BPD).

The well was drilled to a measured depth of 2,966 meters, including a 546-meter horizontal section. Advanced geo-steering technology was used to precisely navigate within a narrow 3-meter drilling window, allowing accurate targeting of the most productive zone in the reservoir.

The company added that the well was completed and tested using a short-string Electric Submersible Pump (ESP), specifically optimized for horizontal well operations.

“Despite challenging reservoir characteristics, horizontal drilling enabled enhanced reservoir exposure, delivering nearly threefold higher production compared to offset wells under similar conditions,” it added.

Pasakhi-13 is part of the Pasakhi & Pasakhi North Development & Production Lease (D&PL), in which OGDCL holds a 100% working interest.

“The achievement reinforces OGDCL’s commitment to technical excellence, innovation, and deployment of advanced technologies in line with global standards, while advancing indigenous hydrocarbon production and strengthening Pakistan’s energy security,” said OGDCL.

OGDCL is Pakistan’s largest E&P company, engaged in exploration, drilling services, production, reservoir management, and engineering support.

It also holds the country’s largest exploration acreage, covering more than 40% of the total awarded area with significant oil and gas reserves.

The Government of Pakistan is the majority shareholder in OGDCL with over 67% ownership, followed by the OGDC Employee Empowerment Trust and the Privatisation Commission.

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The writer is a media graduate, serving as the Head of Communications at the Center for Democracy and Climate Studies, and as an International Expert at Diplomatic Affairs.

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FBR Exempts Certain POS-Compliant Retail Supplies from Retail Price Tax Regime

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