Pakistan Revenue
This tag provides stories related to exploration. Pakistan Revenue is committed to provide updates on the exploration as soon as available.
Government signs offshore exploration agreements for 21 blocks under Bid Round 2025 Pakistan has formally reopened its offshore oil and gas exploration frontier after nearly two decades, with the signing of Production Sharing Agreements (PSAs) and Exploration Licences (ELs) for offshore blocks awarded under Offshore Bid Round 2025.
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Islamabad, February 26, 2026 – The Government of Pakistan has taken a major step to boost domestic energy production by awarding 11 onshore oil and gas blocks to leading national companies, securing a minimum committed investment of Rs8.66 billion (USD 31 million) over the next three years.
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Islamabad, October 31, 2025 – In a landmark move to strengthen Pakistan’s energy security and boost local resource development, the Ministry of Energy (Petroleum Division) has announced the results of the Offshore Bid Round 2025, held after an 18-year hiatus.
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Islamabad – Pakistan has announced the offering of 71 new blocks for oil and gas exploration, marking a significant step in revitalizing the country’s energy sector after a decade.
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Islamabad, July 6, 2024 – In a promising development for Pakistan’s energy sector, a delegation of local and international oil and gas exploration and production (E&P) companies announced a significant investment of $5 billion over the next three years. The announcement came during a meeting with Prime Minister Shehbaz Sharif at the Prime Minister’s House.
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Quetta, October 24, 2023 – National Resources Limited (NRL) has been awarded an exploration lease for minerals in the Chagai district of Balochistan.
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KARACHI: Mari Petroleum Company Limited (MPCL) on Monday announced that it has executed a farm-in agreement. The company signed the with MOL Pakistan Oil and Gas Co. B.V. for acquisition of significant working interest in Margala Block. The company signed the deal to collaborate resources and efforts to jointly perform exploration activities. The Block is […]
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KARACHI: The government has provisionally awarded exploration rights of a new block situated in the Balochistan Province to a joint venture comprising Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), a statement said on Friday. The statement issued by PPL said that the government had provisionally awarded a new block ‘Suleiman […]
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KARACHI: Federal Board of Revenue (FBR) has been recommended to reduce the income tax rate for exploration and production (E&P) companies especially in wake of massive reduction in international oil prices.
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KARACHI: Federal Board of Revenue (FBR) has been recommended to reduce corporate tax rate for exploration and production companies in order attract foreign investment in this sector and generate more revenue for the country. The Overseas Investors Chamber of Commerce and Industry (OICCI) in its tax proposals for budget 2019/2020 said that the applicable tax […]
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