PPL secures conditional approval for mineral exploration license in Balochistan

MG News | October 31, 2025 at 09:32 AM GMT+05:00

0:00

October 31, 2025 (MLN): Pakistan Petroleum Limited (PSX:PPL) has received conditional approval from the Government of Balochistan (GoB) for the grant of Exploration License (EL-331) to explore Precious and Base Metals Group and associated minerals in District Chagai, Balochistan.

This development is in line with the company’s strategic focus on diversifying beyond hydrocarbons to ensure long-term business sustainability, according to the company’s filing on PSX today.

It also reaffirms PPL’s commitment to expanding its footprint in Pakistan’s mineral sector.

The company stated that the approval process will be completed following the fulfillment of all relevant legal, regulatory, and procedural requirements.

Copyright Mettis Link News

Related News

PPL profit slows down 12% in Q1FY26

PPL forms strategic offshore partnership with Turkish Petroleum

Name	Price/Vol	%Chg/NChg
KSE100	160,302.72 281.51M	2.28% 3569.85
ALLSHR	97,720.86 700.25M	2.15% 2056.19
KSE30	48,832.84 141.64M	2.26% 1080.46
KMI30	231,789.10 87.19M	2.48% 5613.85
KMIALLSHR	64,016.61 284.49M	2.13% 1333.52
BKTi	45,045.30 63.07M	2.63% 1152.55
OGTi	31,487.15 5.97M	1.96% 606.73

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,320.00	110,955.00 107,835.00	3365.00 3.15%
BRENT CRUDE	63.91	64.33 63.83	-0.46 -0.71%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.10	60.53 60.02	-0.47 -0.78%
SUGAR #11 WORLD	14.29	14.41 14.23	0.01 0.07%