IESCO smells a rat in Power Division’s workings

ISLAMABAD: Islamabad Electric Supply Company (IESCO) Chief Executive Officer (CEO) Shahid Iqbal Chaudhry on Saturday alleged that the Power Division has been...

New agreement with IPPs to ensure cheap electricity, says Faraz

ISLAMABAD: Minister for Information and Broadcasting Shibli Faraz on Saturday said that the new agreement with Independent Power Producers (IPPs) would enable...

Power plants installed during PMLN’s tenure helped end power crisis, says Razak Dawood

ISLAMABAD: Adviser to the Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razaq Dawood on Saturday gave credit to the...

New deal signed with IPPs to cut cost of power generation: PM

PM says he will soon introduce a package that will tackle the issues of line losses & theft, and focus on improving the distribution system

Pakistan to domestically generate 60pc electricity by 2030: minister

--Omar Ayub says new energy policy will help reduce electricity tariff --SAPM Nadeem Babar assures transparent bidding in renewable energy projects ISLAMABAD: Federal Minister...

Govt urged to ensure uniform rates for domestic, imported LPG

LAHORE: Pakistan Liquefied Petroleum Gas (LPG) Marketers Association (PLPGMA) on Tuesday urged the government to ensure uniform rate of General Sales Tax...

Neelum-Jhelum plant generates Rs120bn revenue: WAPDA

ISLAMABAD: The 969 MW Neelum-Jhelum Hydropower Plant has achieved another landmark by contributing a gross 10-billion units of electricity to the national...

K-Electric raises Rs25bn in Sukuk offering

With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the subscription two weeks ahead of schedule

Gas shortages likely as winter approaches

ISLAMABAD: Federal Minister for Energy Omar Ayub said during a meeting of the senate standing committee held here today that the problem...

Oil giants cut production as they post massive writedowns

The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and...

Saudi Aramco’s profit plunges, sees signs of oil market recovery

DUBAI: State oil giant Saudi Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in...

KP petrol pumps seek permission to facilitate customers without helmets

PESHAWAR: Petrol pump owners in Khyber Pakhtunkhwa (KP) have expressed concerns over the imposition of heavy fines, arrests of petrol pump workers...

NEPRA notifies eight-month variations in fuel charges

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has finally notified adjustments in the approved tariff on account of variations in the...

85pc work on Matiari-Lahore transmission line completed: Asim Bajwa

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Lt Gen (r) Asim Saleem Bajwa said on Saturday that 85pc...
Oil-gulf markets

KP demands Rs1,000 per barrel royalty on oil from centre

PESHAWAR: The Khyber Pakhtunkhwa (KP) government on Thursday demanded the federal government to pay Rs1,000 per barrel royalty on oil being extracted...