Pakistan, Russia set to sign $10bn gas pipeline deal
The pipeline will be completed in three to four years
In a major breakthrough, Pakistan and Russia will sign a $10 billion offshore gas pipeline...
LPG prices surge due to shortage
Karachi: Federation of Pakistan Chambers of Commerce and Industry Standing Committee LPG Chairman Irfan Khokhar said on Wednesday that liquefied petroleum gas (LPG) prices...
SCCI terms heavy burden of RLNG rates on self-sufficient KP a ‘conspiracy’
PESHAWAR: President Sarhad Chamber of Commerce and Industry (SCCI) Engineer Maqsood Anwar Pervaiz has termed the federal government move to impose heavy burden of...
Electricity bills set to soar as NEPRA approves FCAÂ
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has jacked up the power tariff by Rs 4.12 per unit on account of fuel charges...
NEPRA trims K-Electric’s tariffs on lower cost assessments
The publicly listed utility is expected to take a hit to even historical earnings as the regulator assess its cost structure to have been lower than previously expected
Siemens Gamesa to supply 50 MW turbine generators for zephyr power
KARACHI: Â Siemens Gamesa will be supplying 25 units of G114 2.0 MW Wind Turbine Generators for Zephyr Power (Pvt.) Limited, which will be generating...
CCoE may authorize a committee to engage with power plants for reduction in tariff of sugar mills
The move is part of the caretaker govt's concerted efforts to address escalating electricity prices.
Samsung reaches settlement over ‘exploding’ washing machines
SEOUL: Samsung Electronics has reached a settlement in a class-action lawsuit over 2.8 million "exploding" washing machines recalled in the US, the South Korean...
ZTE shattered as shares lose 30 percent market value this week
ZTE was crippled when the United States imposed a seven-year supplier ban on it in April after it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea
Ghandara Nissan gears up to revive Datsun in Pakistan
LAHORE: In a notification sent to the Pakistan Stock Exchange (PSX), Ghandhara Nissan Limited (GHNL) notified the bourse that it had been awarded "Category-B...
A bid from Prax, and interest from Aramco; what’s going on with Shell?Â
Shell looks to be sold to a foreign buyer and, for all intents and purposes, it should
OGRA proposes another hike in petroleum prices
Oil & Gas Regulatory Authority (OGRA) is proposing another hike in petroleum prices in a summary sent to the government, media sources have reported.
The...
Power sector receivables touch Rs779 billion
Highest percent of losses were recorded for Peshawar Electric Supply Company (Pesco) at 36.6 percent, 35.7 percent for Sepco and 19.1 percent for Hesco
Damaged crop and high air freight to cause decline in mango exports
ISLAMABAD: Apart from the falling exports especially of textile made-ups, which earn 60 percent of the total foreign exchange of the national economy, the...
PLL’s inefficiencies cause losses to the tune of Rs.1.8b
ISLAMABAD: The country has faced a loss of approximately Rs1.8 billion in two months (May and July 2018) as Pakistan Liquefied Natural Gas Limited (PLL) has...
