Power sector witnesses Rs121bn increase in revenues

'Govt envisions increasing the share of renewable energy to 20pc by 2025' ISLAMABAD: The power sector revenues have witnessed a significant increase of Rs121 billion...

High energy costs hampering Pakistan’s cement exports

'Increased govt levies are encouraging unscrupulous elements to import under-invoiced Iranian cement' LAHORE: Pakistan has been losing a major share of its market in...

FIA arrests more accused in IESCO billing fraud probe

ISLAMABAD: The Federal Investigation Agency's Anticorruption Circle (Islamabad) has arrested three more accused in the Islamabad Electric Supply Company (IESCO) billing fraud case. According to...

‘Around 2.5m applications for new connections pending with SNGPL’

SNGPL managing director says gap between demand and supply of natural gas is increasing due to depletion of existing hydrocarbon reserves ISLAMABAD: The National Assembly's...

Rs5.15 per litre hike in petrol price

LAHORE: The federal government on Wednesday approved a hike in petroleum prices by up to 10 per cent following an increase in crude prices...

IESCO officials allegedly rob power consumers of Rs1.8bn

ISLAMABAD: The Islamabad Electric Supply Company (IESCO) officers, allegedly in connivance with the staff of private banks and collective bargaining agent (CBA), have robbed approximately...

Tarbela operating at maximum capacity, producing 4888MW

Tarbela Dam has reached its maximum power generation capacity of 4888 MW after recent rains spell of Monsoon in July, a local news outlet...

NEPRA take notice of power outages, loss of lives in Karachi

National Electric Power Regulatory Authority (NEPRA) has taken serious notice of media reports regarding power outages and loss of human lives due to electrocution...

Planning Commission asked to expedite work on Naulong Dam

ISLAMABAD: The Senate's Standing Committee on Water Resources has directed the Planning Commission (PC) to expedite the process of approving PC-1 of Naulong Dam. The committee,...

Govt plans to bring down circular debt to Rs225bn by December

ISLAMABAD:The incumbent government has embarked on an ambitious programme to cut down circular debt to Rs225 billion by December after it escalated to Rs450...

OGRA issues 98 permits to streamline LPG supply  

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has issued around 98 different permits to streamline matters related to the Liquefied Petroleum Gas (LPG)...

Increasing gas prices damaging economy, says PEW

ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said faster than expected rise in the prices of locally-produced and imported gas is damaging the...

Germany to provide €22.4m for development projects in Pakistan

ISLAMABAD: Pakistan and Germany on Friday signed a financial agreement worth €22.4 million to support existing projects in the areas of renewable energy, grid connectivity...

Total plans $5bn in asset sales as second-quarter profit falls

PARIS: French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks...

OGDCL discovers oil and gas reservoir in Sindh

The Oil and Gas Development Company Limited (OGDCL) has revealed the discovery of oil and gas reservoir in district Sanghar, Sindh. According to the company's...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares