"Higher global oil prices directly translate into stronger revenues for E&P companies as local pricing remains linked to international benchmarks. For Pakistan, which relies on imported LNG to bridge its gas deficit, the tightening supply environment has triggered a shift in gas supply management. In such a scenario, the trade receivables of E&P companies may begin to accumulate again. Hassan, who has authored the report, mentioned that the current surge in international oil prices could eventually put significant pressure on Pakistan's external account. While this development is broadly negative for the wider economy, it provides a silver lining for the E&P universe.

Source: The Express Tribune March 24, 2026 00:22 UTC