Pakistan Petroleum Limited (PSX: PPL) Friday announced that the Government of Balochistan (GoB) has conditionally approved its application for grant of License (EL-331) for exploration of Precious and Base Metals Group and associated minerals in District Chagai, Balochistan.
In a notice to the Pakistan Stock Exchange (PSX), PPL said this development aligns with its strategic focus on diversifying beyond hydrocarbons ensure long-term business sustainability.
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It also reaffirms the company’s unwavering commitment to expand its footprint in Pakistan’s mineral sector, the notice said.
The approval process will be finalized upon completion of all the relevant conditions relating to legal, regulatory, and procedural matters, it added.
