Second LNG terminal set to commence operations by November 24th

ISLAMABAD: Preparations are complete for the opening of Pakistan’s 2nd Liquefied Natural Gas (LNG) terminal at Port Qasim as Pakistan LNG Terminals Limited (PLTL)...

Wind power has 1.23pc share of energy mix in Pakistan

ISLAMABAD: Wind power now constitutes 1.23pc share of Pakistan’s energy mix and increased 0.46 percentage points by September 2017. Alternative Energy Development Board (AEDB) set...

IPPs seek PM Abbasi’s help to avert financial crunch

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has been approached by Independent Power Producers (IPPs) to resolve a deadlock that resulted in the government failing...

Oil prices claw up, but register first weekly decline in six weeks

NEW YORK: Oil rebounded more than 2 percent on Friday after falling for five straight session as a major U.S. crude pipeline was shut...

SBP formulating plan to promote SMEs banking

LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a roadmap for...

Govt trying to improve performance of PSM and PIA: Bosan

MULTAN: The incumbent government is trying its level best to improve Pakistan International Airlines (PIA) and Pakistan Steel Mills, said Federal Minister for Food,...

Non-performing CEOs to be replaced if targets not met

ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has directed that non-performing chief executive officers of the distribution companies be shown...

FIA starts enquiry into Mari Petroleum scam

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) government has allegedly caused gigantic loss worth Rs 600 billion to the national exchequer through changing the gas pricing...

Socialism is a ‘dirty’ word in Pakistan: Kaiser Bengali

KARACHI: Pakistan’s renowned Economist Kaiser Bengali was amused to hear repeated praise of socialism from Wang Yu, Chinese Council General in Karachi and later...

Sindh all set to produce over 1,000 MW clean power by 2018

KARACHI: Sindh is all set to produce over 1,000 megawatts of renewable energy just on the basis of wind power by the next year...

Khawaja Asif worries over the initiation of inquiries, ban on recruitment by Leghari

ISLAMABAD: Foreign Affairs Minister Khawaja Muhammad Asif is to some extent worried over the instant initiation of inquiries and imposition of ban on recruitment...

LNG import project consortium dissolved

LONDON: A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant ExxonMobil, France’s Total and Qatar Petroleum, has been...

SSGCL to lay 567km pipelines for gasification of 137 villages of Sindh, Balochistan

ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) will lay 567-kilometre pipelines for gasification of 137 villages of Sindh and Balochistan provinces at a cost...

Displeasure, warning, show cause notices to CEOs of DISCOs

ISLAMABAD: Perturbed over noncompliance of directions regarding accurate meter reading and consumer billing, Power Division Federal Minister Sardar Awais Ahmed Khan Laghari has now...

Pakistan rejects Trafigura, Gunvor LNG shipments

LONDON: Pakistan LNG Ltd has decided against awarding in a tender three liquefied natural gas (LNG) cargoes due to be delivered by trading house...

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What cars are Hyundai-Nishat going to launch?

LAHORE: The hottest topic in Pakistan’s automobile industry today is the upcoming range of Hyundai hybrid cars being assembled in the country by the...