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PPL Makes Significant Oil & Gas Discovery in Punjab’s Dhok Sultan Block

04 September 2025 | 03:15

PPL Makes Significant Oil & Gas Discovery in Punjab’s Dhok Sultan Block

September 04, 2025 –

Pakistan Petroleum Limited (PPL), one of the country’s leading exploration and production (E&P) companies, has announced a major oil and gas discovery in District Attock, Punjab.

According to the company’s notice to the Pakistan Stock Exchange (PSX), the discovery was made at the well “Dhok Sultan-03”, located in the Dhok Sultan exploration license area. PPL holds a 75% working interest in the block, with Government Holdings Private Limited (GHPL) owning the remaining 25%.

The well was spudded on January 18, 2025, and drilled down to a depth of 5,815 meters to evaluate hydrocarbon potential in the Patala and Lockhart formations. Testing confirmed encouraging flow rates:

  • 1,469 barrels per day (bpd) of oil and 2.56 MMscfd of gas at 1,147 psig on a 32/64” choke.
  • 2,113 bpd of oil and 4.13 MMscfd of gas at 813 psig on a 48/64” choke.

This marks the second discovery in the Dhok Sultan Block, underlining the untapped potential of the Potwar–Kohat sub-basin. PPL emphasized that the find strengthens the country’s indigenous hydrocarbon base, reducing dependence on imported energy and conserving foreign exchange.

The company further stated that the success at Dhok Sultan-03 reinforces the importance of deploying advanced geological evaluation and drilling technologies in Pakistan’s mature basins to unlock additional reserves.

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August 08, 2025: The Mutual Funds Association of Pakistan (MUFAP) has officially been registered as a Self-Regulatory Organization (SRO) under Section...

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Govt Eyes Rs600bn from Sukuk Auctions
  • 08 August 2025
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  • 05:57

August 08, 2025 – 10:44 AM (GMT+5)KARACHI – The Government of Pakistan, via the Pakistan Stock Exchange (PSX), is set to raise Rs600 billion throu...

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Liquid Foreign Exchange Reserves Decline to $19.50bn – Import Cover at 2.33 Months
  • 07 August 2025
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  • 17:20

As of August 1, 2025, Pakistan’s total liquid foreign exchange reserves stood at $19.50 billion, reflecting a decline of $111 million from the previ...

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PRL to Import Nigerian Bonny Light Crude for First Time via Vitol
  • 07 August 2025
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  • 08:20

August 07, 2025 – KarachiPakistan Refinery Limited (PRL) is set to import its first-ever cargo of Nigerian Bonny Light crude oil from global energy ...

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PKR Edges Higher by 11 Paisa Against US Dollar
  • 07 August 2025
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  • 08:13

August 07, 2025 – 4:58 PMKARACHI: The Pakistani Rupee (PKR) registered a mild gain against the US Dollar during Thursday’s interbank session, appr...

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Oil Prices Hold Ground Amid Hopes of Trump-Putin Diplomatic Breakthrough
  • 07 August 2025
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  • 08:09

August 07, 2025 | 04:32 PM GMT+05:00Oil prices steadied on Thursday after early gains were trimmed following confirmation from the Kremlin that Russia...

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Trump-Putin Summit Confirmed for ‘Coming Days’ as Venue Finalized: Kremlin
  • 07 August 2025
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  • 08:05

August 7, 2025 – 5:00 PM PSTThe Kremlin on Thursday confirmed that U.S. President Donald Trump and Russian President Vladimir Putin will meet in the...

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KSE-100 Crosses 145,600 Mark, Gains 559 Points on Strong Institutional Buying
  • 07 August 2025
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  • 07:12

Karachi – August 7, 2025:The Pakistan Stock Exchange (PSX) witnessed a bullish session today as the KSE-100 Index surged by 559 points, closing at 1...

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Gadoon Textile Mills Reports Stellar FY25 Earnings; EPS Jumps to Rs85.33
  • 07 August 2025
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  • 06:40

Karachi – August 7, 2025.Gadoon Textile Mills has announced its financial results for the year ended June 30, 2025, showing a substantial improvemen...

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TOMCL Secures UAE Market Access via Carrefour, Expands Global Footprint
  • 07 August 2025
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  • 04:39

TOMCL Secures UAE Market Access via Carrefour, Expands Global FootprintThe Organic Meat Company Limited (TOMCL) has qualified as an approved vendor fo...

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Raast QR Code Mandatory for Retailers Nationwide by August 31: SBP Pushes Cashless Economy Agenda
  • 07 August 2025
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  • 04:21

7 August 2025The State Bank of Pakistan (SBP), with backing from the Prime Minister’s Office, has mandated all retail and commercial outlets across ...

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KTML to Expand into US Market, Announces Share Subdivision and New Garment Unit
  • 07 August 2025
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  • 04:07

Kohinoor Textile Mills Limited (KTML) has announced its decision to establish a wholly-owned subsidiary in the United States to strengthen its global ...

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Maple Leaf Cement Announces FY25 Results: Profit Soars by 66%, No Dividend Declared
  • 07 August 2025
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  • 03:15

Lahore – August 06, 2025:Maple Leaf Cement Factory Limited (MLCF) held its Board of Directors meeting today at 3:30 PM at the company’s registe...

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Trump Slaps Additional 25% Tariff on Indian Goods Amid Russia Ties.
  • 06 August 2025
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  • 15:06

In a significant move, U.S. President Donald Trump has imposed an additional 25% tariff on goods imported from India, citing India's continued indirec...

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Pakistan’s Trade Deficit Expands 16% in July as Imports Rebound Sharply
  • 06 August 2025
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  • 08:35

Pakistan’s trade deficit widened to $2.75 billion in July 2025, marking a 16.02% increase from June 2025, as per data released by the Pakistan Burea...

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Rupee Strengthens for 10th Consecutive Session, Govt Targets Rs6.2tr Borrowing
  • 06 August 2025
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  • 08:00

The Pakistani rupee continued its upward trajectory for the 10th straight session, appreciating by Rs2.40 in total to close at 282.57 per US dollar on...

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KSE-100 Hits All-Time High, Closes Above 145,000 with 2,051-Point Surge
  • 06 August 2025
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  • 07:55

Karachi – August 6, 2025: The Pakistan Stock Exchange (PSX) witnessed a powerful rally on Wednesday, with the KSE-100 Index surging by 2,051 points ...

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Gold Prices Rebound, Gain Rs1,300 Per Tola in Pakistan
  • 06 August 2025
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  • 07:47

Karachi – August 6, 2025: Gold prices in Pakistan bounced back on Wednesday, rising by Rs1,300 per tola to settle at Rs359,300, tracking gains in th...

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AD Ports Group Expands in Pakistan with New Industrial Zone Plans near Karachi Ports
  • 06 August 2025
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  • 06:19

Karachi – August 6, 2025: UAE-based logistics giant AD Ports Group is accelerating its footprint in Pakistan with plans to develop a dedicated indus...

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NBP Joins the Billion Dollar Club as Market Cap Crosses $1 Billion
  • 06 August 2025
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  • 04:59

Karachi – August 6, 2025: The National Bank of Pakistan (NBP) has proudly entered the prestigious "Billion Dollar Club" by surpassing the $1 billion...

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MCB Bank Announces Interim Dividend of PKR 9.00 per Share for H1 2025
  • 06 August 2025
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  • 04:50

Lahore – August 6, 2025: MCB Bank Limited has announced its financial results for the half year ended June 30, 2025. In its Board of Directors meeti...

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KSE-100 Crosses 143,000 Mark for the First Time, Surges 985 Points
  • 05 August 2025
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  • 07:14

The Pakistan Stock Exchange (PSX) witnessed a strong bullish session on August 5, 2025, as the benchmark KSE-100 Index climbed 985 points to close at ...

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Fertilizer Giant EFERT Eyes Stability with Major Gas Project
  • 05 August 2025
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  • 04:11

Engro Fertilizers Ltd (PSX: EFERT) is set to complete Phase 1 of its $300 million Production Enhancement Facility (PEF) project by end-August 2025, wi...

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Pakistan Tobacco Company Announces Robust Half-Year Results; Declares PKR 40 Dividend
  • 05 August 2025
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  • 03:56

Pakistan Tobacco Company Limited (PSX: PAKT) has announced its half-year financial results for the period ending June 30, 2025, showcasing strong prof...

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PKR Gains Ground Against US Dollar in Interbank Market
  • 05 August 2025
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  • 03:32

The Pakistani rupee appreciated by Re0.33 against the US dollar during early trading on Tuesday, reaching PKR 282.33 in the inter-bank market. On Mond...

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KSE-100 Closes at 142,053 — Up 1,018 Points on Strong Market Momentum
  • 04 August 2025
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  • 07:45

The Pakistan Stock Exchange (PSX) witnessed a historic session on August 4, 2025, as the benchmark KSE-100 Index surged by 1,018 points to close at 14...

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OPEC+ V8 Boosts Output by 547,000 bpd Amid Market Stability
  • 04 August 2025
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  • 02:39

August 4, 2025Eight key OPEC+ producers, including Saudi Arabia and Russia, will raise oil output by 547,000 barrels per day starting September 2025. ...

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PSX Soars Past 142,000 Mark as Bullish Momentum Strengthens
  • 04 August 2025
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  • 02:34

August 4, 2025The Pakistan Stock Exchange (PSX) extended its bullish momentum on Monday, with the benchmark KSE-100 Index surging over 1,100 points in...

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Rupee Gains Ground Amid Global Dollar Weakness
  • 04 August 2025
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  • 02:18

August 4, 2025The Pakistani rupee continued to strengthen against the US dollar during Monday’s early inter-bank trading, gaining Re0.25 or 0.09% to...

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TOMCL Secures $3.24m Frozen Beef Export Deal with Tajikistan
  • 04 August 2025
  • |
  • 02:13

August 4, 2025 The Organic Meat Company Limited (PSX: TOMCL) has entered Tajikistan’s halal meat market through a $3.24 million frozen boneless beef...

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PSX Weekly Wrap: KSE-100 All-Time High
  • 02 August 2025
  • |
  • 06:04

Aug 02, 2025The KSE-100 Index surged 1,828 points (+1.3% WoW) to close at an all-time high of 141,035, driven by upbeat corporate earnings and renewed...

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Oil Prices Slide $2 Amid OPEC+ Supply Concerns, Weak U.S. Jobs Report
  • 02 August 2025
  • |
  • 05:47

Aug 02, 2025Oil prices dropped nearly $2 per barrel on Friday as markets reacted to reports of a possible production increase by OPEC+ and disappointi...

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OGDCL Boosts Production at Rajian-05 Well Using ESP Technology
  • 02 August 2025
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  • 05:36

Aug 02, 2025 The Oil and Gas Development Company Limited (OGDCL) has significantly increased oil and gas production at its Rajian-05 well in Chakwal D...

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FBR Extends e-Invoicing Deadline to Dec 2025; Traders Urge Rollback of Tax Powers
  • 02 August 2025
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  • 05:23

Aug 02, 2025The Federal Board of Revenue (FBR) has extended the deadline for electronic invoicing integration to December 1, 2025, following pressure ...

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CPI Rises to 4.1% YoY in July Amid Seasonal Price Hikes
  • 01 August 2025
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  • 08:31

August 2, 2025 | Azee News DeskInflation in Pakistan picked up pace in July 2025, with the Consumer Price Index (CPI) rising to 4.1% YoY, compared ...

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Gold Price Slips by Rs100, Now at Rs352,900 per Tola in Pakistan
  • 01 August 2025
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  • 08:05

August 2, 2025 | Azee News DeskGold prices in Pakistan witnessed a marginal decline on Friday, reflecting trends in the international market. Accordin...

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KSE-100 Surges Past 141,000 Mark for First Time, Closes at 141,035 with 1,645-Point Gain
  • 01 August 2025
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  • 07:59

August 1, 2025 The Pakistan Stock Exchange (PSX) witnessed a historic session as the KSE-100 Index soared by 1,645 points, closing at an all-time high...

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Nishat Group Partners with Chery to Launch EVs in Pakistan
  • 01 August 2025
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  • 07:54

August 1, 2025 Nishat Group has partnered with China's Chery Automobile to establish local electric vehicle (EV) manufacturing through its unit NexGen...

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PKR Rises by 15 Paisa Against USD
  • 01 August 2025
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  • 07:44

August 1, 2025 The Pakistani Rupee (PKR) appreciated by 15 paisa in Friday’s interbank session, closing at PKR 282.72 per USD, compared to the previ...

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OGDCL Makes Oil Discovery at Chakar-1 Well in Sindh
  • 01 August 2025
  • |
  • 02:37

Date: Aug 01, 2025Oil & Gas Development Company Limited (OGDCL), in collaboration with Government Holdings (Private) Limited (GHPL), has announced...

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Govt Slashes Petrol Price by Rs7.54 per Litre, Diesel Up Slightly.
  • 31 July 2025
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  • 15:16

ISLAMABAD – Starting August 1, petrol prices in Pakistan have been reduced by Rs7.54 per litre, bringing the new price to Rs264.61, according to a n...

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HBL Reports Rs. 34.4 Billion Profit After Tax for H1 2025, Declares 45% Interim Dividend
  • 31 July 2025
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  • 07:10

July 31, 2025:Habib Bank Limited (HBL) announced its financial results for the half year ended June 30, 2025, with the Board of Directors approving...

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Bank Alfalah Declares 25% Interim Dividend for H1 2025 Amid Profit Decline
  • 31 July 2025
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  • 07:09

July 31, 2025Bank Alfalah Limited (BAFL) has announced its financial results for the half-year ended June 30, 2025. The bank’s Board of Directors me...

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SBP Holds Policy Rate at 11% Amid Inflation Uncertainty
  • 30 July 2025
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  • 08:32

July 30, 2025The State Bank of Pakistan (SBP) kept the policy rate unchanged at 11%, surprising markets expecting a 50–100bps cut. The MPC cited ...

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PSX Closes in Green Despite SBP Surprise
  • 30 July 2025
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  • 08:26

July 30, 2025 The Pakistan Stock Exchange (PSX) closed higher despite a volatile session triggered by an unexpected monetary policy hold by the State ...

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Systems Limited Acquires BAT SAA Services to Expand Global BPO Capabilities
  • 30 July 2025
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  • 04:37

30 Jul 2025In a major strategic development, Systems Limited has announced the acquisition of British American Tobacco SAA Services (Private) Limited ...

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KSE-100 Drops 1,415 Points Amid Broad-Based Selling; Banks and Fertilizer Stocks Lead Decline
  • 29 July 2025
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  • 07:38

July 29, 2025: The benchmark KSE-100 Index closed the Tuesday session at 137,964.81, losing 1,415.24 points (-1.02%), as investors engaged in widespre...

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PNSC Receives LOIs from KPT and PQA to Explore Fleet Expansion Investments
  • 29 July 2025
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  • 06:54

Date: 29 July 2025Source: PSX - DisclosurePakistan National Shipping Corporation (PNSC), the country’s national flag carrier, has officially announc...

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Highnoon Labs Signs Strategic Pharma Deal with Bangladesh’s Beximco
  • 29 July 2025
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  • 05:30

Date 29 July 2025 Highnoon Laboratories Limited (HINOON) has entered into a strategic partnership with Bangladesh-based Beximco Pharmaceuticals to dis...

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FFC Reports Strong HY2025 Results; Announces PKR 12 Interim Dividend
  • 29 July 2025
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  • 04:11

Date 29 July 2025 Fauji Fertilizer Company (FFC) posted robust financial results for the half-year ended June 30, 2025. The company reported net sales...

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SBP Likely to Cut Policy Rate by 50bps Amid Falling Inflation
  • 29 July 2025
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  • 03:12

Date 29 July 2025 Pakistan’s central bank is expected to reduce its key interest rate by 50 basis points to 10.5% in its upcoming policy announcemen...

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Gold Prices Ease Further by Rs100 Per Tola in Local Market
  • 28 July 2025
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  • 08:19

Date: July 26, 2025Gold prices in Pakistan dipped slightly on Monday, mirroring trends in the international market. According to the All-Pakistan Gems...

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KSE-100 Gains 173 Points Amid Volatile Session, Closes at 139,380
  • 28 July 2025
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  • 07:50

Date: July 26, 2025The Pakistan Stock Exchange witnessed a mixed session on Friday as the benchmark KSE-100 Index closed higher by 173 points, settlin...

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Fatima Fertilizer Board Approves Acquisition of Fatima Petroleum Company
  • 28 July 2025
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  • 06:19

Date: July 26, 2025Source: PSX DisclosureFatima Fertilizer Company Limited has announced that its Board of Directors has approved the acquisition of 1...

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Sazgar Launches Pre-Bookings for Hybrid Electric Vehicles (PHEV)
  • 28 July 2025
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  • 05:23

Date: July 26, 2025Source: PSX DisclosureSazgar Engineering Works Limited has officially commenced pre-bookings for its first Plug-in Hybrid Electric ...

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Supernet Subsidiary Signs Reseller Agreement with Arabsat
  • 28 July 2025
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  • 05:10

Date: July 26, 2025Source: PSX DisclosureSupernet Limited’s UAE-based subsidiary, Pheonix Global FZE (operating as SupernetGlobal), has signed a Res...

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Agritech Limited Resumes Operations at Urea Plant After Technical Shutdown
  • 28 July 2025
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  • 04:58

Date: July 26, 2025Source: PSX DisclosureAgritech Limited has announced the successful resumption of operations at its Urea Plant, which had been temp...

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PSX Ends Week Higher Amid Credit Upgrade and Rate Cut Hopes
  • 26 July 2025
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  • 07:43

AZEE News Desk – July 26, 2025The Pakistan Stock Exchange (PSX) ended the week on a positive note, with the KSE-100 Index gaining 610 points (+0.4% ...

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Siemens Pakistan Returns to Profit in 9MFY25
  • 25 July 2025
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  • 09:25

July 25, 2025 | AZEE Securities KSE-100 Index: 139,207 ▲ 0.37%SIEM: PKR 1,520 ▼ 0.33%Siemens Pakistan Engineering Co. Ltd. (PSX: SIEM) has posted ...

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KSE-100 Closes at 139,207 — Gains 515 Points on Renewed Buying Interest
  • 25 July 2025
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  • 08:23

Karachi – 25 July 2025The Pakistan Stock Exchange (PSX) witnessed a positive trading session today, with the benchmark KSE-100 Index closing at 139,...

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KSE-100 Closes at 139,254, Down 165 Points
  • 23 July 2025
  • |
  • 08:11

The Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday as the KSE-100 Index lost momentum after a strong start, eventually closing ...

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Pakistan Services Signs Strategic Financing Deal with AKD Group to Consolidate Shareholding
  • 23 July 2025
  • |
  • 04:32

Pakistan Services Limited (PSEL) has confirmed a strategic financing arrangement involving Hashoo Group, Mr. Dawood Jan Muhammad, and AKD Group, aimed...

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RDA Inflows Rise to 10 point 56 Billion as Rupee Holds Steady in FY25
  • 23 July 2025
  • |
  • 04:25

Foreign investors repatriated profits of 2 point 22 billion in FY25, matching FY24 levels. The power sector led outflows at 399 million, up fr...

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PSX Ends on a Strong Note as KSE-100 Surges Over 1200 Points
  • 22 July 2025
  • |
  • 07:17

Karachi | July 22, 2025 | Closing BellThe equity market opened on a strong footing and maintained its upward momentum throughout the session. The KSE-...

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FFC Schedules Board Meeting to Review Half-Yearly Financials
  • 22 July 2025
  • |
  • 04:45

RAWALPINDI – July 25, 2025:Fauji Fertilizer Company Limited (FFC) has announced that its **Board of Directors** will convene a meeting on **July 29,...

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PSX Ends Lower as Investors Book Profits
  • 21 July 2025
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  • 10:06

KARACHI – July 21, 2025:The Pakistan Stock Exchange (PSX) kicked off the week on a muted note, with the benchmark **KSE-100 Index** declining by **3...

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FX Reserves Dip Slightly; SBP Injects Rs902.5B into Banking System
  • 18 July 2025
  • |
  • 06:19

Karachi – July 18, 2025:Pakistan’s total foreign exchange reserves slipped by \$71.6 million to \$19.96 billion for the week ending July 11, 2025,...

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Suzuki Cautions Against Influx of Used Vehicles in Pakistan
  • 18 July 2025
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  • 06:12

Karachi – July 18, 2025:Suzuki Motor Company Pakistan has expressed serious reservations about the proposed allowance of used vehicle imports for co...

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