Board of PLTL rebuffs proposal to merge it with PLL

The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL

Local petroleum production up by 12.98pc in ten months

ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year as compared...

Oil prices ease, as US production breaks another record

Brent crude futures, the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close

Pakistan imported 10 million tons LNG in last three years

LNG imports have resulted in savings of $3 billion to the national exchequer

Rupee depreciation, rising global oil prices justify increase in petrol prices: OICCI

FPCCI lambasted the government for increasing prices of petroleum products and taking short-term decisions on the excuse of economic stabilization

Circular debt falls to Rs499 billion

A decrease in circular debt has been attributed to the timely notification of new tariff by Nepra which allowed Discos to collect additional Rs90 billion revenue in May 2018

CPEC to play immense role in development of remote regions: Secretary planning

ISLAMABAD:  The Secretary Planning, Development and Reform (PD&R), Shoaib Ahmad Siddiqui has said that the China Pakistan Economic Corridor (CPEC) being a long-term national...

Oil prices fall on prospects of increasing supplies

Brent crude futures, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down 23 cents, or 0.3 percent, from their last close

Pakistan faces risk of arbitration lawsuits if it becomes ECT member: Report

According to the report, ECT is an influential tool in the hands of large oil, gas and coal companies which permits them to dissuade governments from moving to clean energy

Weak distribution network blamed for power woes

Two units of Port Qasim with a capacity to generate 1,300MW electricity had developed a technical fault due to which they had ceased supplying power and Balloki power plant with 1,000MW capacity was operational for two days on a test run before going offline in the first week of June

Balloki power plant valve leaks during trial run, commercial launch delayed

Haveli Bahadur Shah which has commenced its commercial operations and Balloki which is at its last stage of commissioning have fed 695 million units of electricity to the national grid in the time of peak demand in first half of Ramazan

Oil prices inch up on cautious optimism over Trump, Kim summit in Singapore

Brent crude futures were trading at $76.56 per barrel at 0201, up 10 cents from their last close

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

1st unit of Tarbela fourth extension project commences generation

The official shared the second unit of Tarbela 4th extension hydropower project was also put in wet commissioning three days ago and the second unit is set to enter its reliability in the first week of July

Petrol prices up by Rs4.26, Diesel by Rs6.55

Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.

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Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

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China to extend support through short term loans

It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.