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Thar coal power plant set for completion by March 2019

ISLAMABAD: Thar coal power plant will be completed by March 2019 and start generating 660MW as most of the work on mining and power...

Engro says govt has no contractual right to renegotiate LNG agreement

On Thursday, the Information Minister Fawad Chaudhary had announced the government would be conducting an audit of the two LNG deals

Oil prices edge up, but set for weekly loss on stock build, trade row

For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent lower, putting both on track for a second consecutive weekly decline

Federal Cabinet decides to renegotiate LNG deals

The information minister said the provinces would reduce their share in the National Finance Commission Award to give 3 percent share for the development of erstwhile FATA

Cabinet endorses gas tariff hike proposed by ECC

ISLAMABAD: The federal cabinet on Thursday endorsed a hike in gas tariff and other decisions taken by the Economic Coordination Committee (ECC).The meeting of the...

Pakistan to become energy sufficient soon: Omar Ayub Khan

ISLAMABAD: ‘One of the most important countries in the One Belt One Road (OBOR) project is Pakistan. The Karakoram Highway that connects Pakistan and...

U.S. oil edges up after 3 percent drop on big stock build

Signs that Iranian oil exports have been falling more steeply than some in the market expected amid looming U.S. sanctions have underpinned the oil market

Pakistan’s oil imports may touch $20 billion in FY19 if current prices prevail

Shell CEO said if the oil pipeline infrastructure was overhauled in Pakistan, it would contribute to a windfall of $50 to $100 million which would be passed on to consumers

Austrian envoy assures cooperation in clean energy development

ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar on Tuesday appreciated the Austrian cooperation in different hydroelectric and energy projects across Pakistan.The minister was...

ECC to decide electricity tariff hike in next meeting  

KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to the next...

PCMA calls for joint ventures with Saudi Arabia in petrochemical projects

Pakistan’s chemical imports constitute around 17 percent of the total import bill

Pakistan & Russia reach consensus to augment validity of North-South gas pipeline

The North-South gas pipeline is to be built on the build, operate and transfer (BOT) basis and Pakistan will get control of it after 25 years

Govt to review LNG terminal agreements

The ECC instructed the Petroleum Division to ask for the legal opinion of Law and Justice Division regarding the LNG terminal agreements and know if the government had any recourse to revisit the terms and conditions

Denmark offers financing for wind energy projects

Danish envoy says Pakistan should establish an ‘energy police force’ that could address the problems of electricity theftKARACHI: Denmark has offered to finance...

ICAP against privatisation of DISCOs, warns of hazardous consequences

--‘There is an imbalance in govt’s energy policy which is causing an increase in the import bill’KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP)...

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Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

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Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban

'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM Abbasi' ISLAMABAD: Despite a...