Pakistan’s growing circular debt is putting serious pressure on oil and gas exploration companies, limiting their ability to invest in new exploration and development projects. The financial strain has worsened due to cash flow problems caused by gas curtailments, as imported LNG continues to flood the domestic market and reduce demand for locally produced gas. […]

The United States has approved a $686 million defence package to upgrade Pakistan’s ageing F-16 fighter jets, ensuring they remain fully operational and combat-ready until 2040. The decision is seen as an important step in maintaining Pakistan’s air defence capability in a changing regional security environment. According to officials, the upgrade package includes advanced avionics, […]