RRL



Our reference: CS/PSX-0193

Mr. Syed Ahmad Abbas Chief Listing Officer Listing Department

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

Dear Sir,

Your reference:

P.I.D.C. House, Dr. Ziauddin Ahmed Road,

P. O. Box 3942, Karachi-75530, Pakistan Tel: 92-21-35651480-89, 92-21-35657730-39

UAN: 92-21-111-568-568

Fax: 92-21-35680005 & 92-21-35682125

Website: https://www.ppl.com.pk/

Date: 31 t October 2025

Re: Conditional Approval of Exploration License EL-331

We are pleased to inform that, the Government of Balochistan (GoB) has conditionally approved the application submitted by Pakistan Petroleum Limited (PPL) for grant of License (EL-331) for exploration of Precious and Base Metals Group and associated minerals in District Chagai, Balochistan.

This development aligns with PPL's strategic focus on diversifying beyond hydrocarbons to ensure long-term business sustainability and reaffirms the Company's unwavering commitment to expand its footprint in Pakistan's mineral sector.

The approval process will be finalized upon completion of all the relevant conditions relating to legal, regulatory, and procedural matters.

The foregoing information is submitted in compliance of section 96 of the Securities Act, 2015 and Clause 5.6.1 of the Pakistan Stock Exchange Limited Regulations, for dissemination amongst your members.

Yours truly,

Ali Ja r

Company Secretary



Copy: Executive Director/HOD, Offsite-II Department, Supervision Division, SECP, Islamabad.

Attachments

  • Original document
  • Permalink

Disclaimer

Pakistan Petroleum Limited published this content on October 31, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 31, 2025 at 04:17 UTC.