Karachi: In response to the recent fire incident at Korangi Creek, a technical committee has been constituted by the Ministry of Energy (Petroleum Division) to oversee assessment and containment efforts. This development follows an earlier announcement made on April 3, 2025, and involves collaboration among several key stakeholders.

The committee comprises representatives from Pakistan Petroleum Limited (PPL), Oil and Gas Development Company Limited (OGDCL), and Pakistan Refinery Limited (PRL). These organizations will work in unison to ensure swift and effective resolution of the incident.

According to information available from the Pakistan Stock Exchange (PSX), the TPL REIT Fund I has expressed full support for this collaborative initiative. The company has committed to actively facilitating the technical committee's activities and has praised the proactive measures being undertaken.

The ongoing efforts have also received the backing of several governmental bodies, including the Cantonment Board Korangi Creek, district administration, and other authorities. TPL has emphasized its dedication to managing the situation with responsibility and transparency, ensuring the safety of the environment and stakeholders.

The designated market category for this incident falls under the jurisdiction of the PSX, as TPL continues to coordinate with all relevant parties to achieve an effective resolution. The company has assured that updates will be communicated to the Trading Right Entitlement Certificate Holders of PSX as needed.