Pakistan’s mystery billionaire

“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him...

PESCO task forces remove 266 direct hooks, recover Rs3.02m 

DI KHAN: The task forces of Peshawar Electric Supply Company (PESCO) on Wednesday conducted raids in Bannu, Swat and Peshawar circles and recovered...

Offshore drilling near Karachi coast completed

ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was...

Govt likely to allow petrol stations to set their own prices

As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...

Cheques issued by OGDC to Shazain Bugti, brothers bounce

OGDCL managing director refuses to issue Rs770m to the Bugti family for Uch gas field

Kekra-1: Exxon Mobil all set to pack up and leave

Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea Hours after Prime Minister...

ExxonMobil set for comeback in Pakistan after nearly three decades: Report

Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years

102MW Gulpur hydropower plant starts production

LAHORE: Gulpur Hydropower Project has achieved certified commercial operation and has started producing cheap electricity for the national grid, said NESPAK Managing...

Energy ministry rejects claims of discovering oil reserves larger than Kuwait’s: sources 

ISLAMABAD: The Energy ministry has negated caretaker foreign minister’s tall claim of discovering huge oil reserves reportedly bigger than Kuwait's in Pakistan...

ECC forms special committee to resolve stalled K-Electric sale

With Abraaj teetering on the verge of bankruptcy, was Arif Naqvi's meeting with PM Imran Khan meant to extract a return favour for the investment made in PTI's election campaign of 2013, as alleged by his ex-wife Reham Khan

Shanghai Electric mulls acquiring 66.4pc stake in K-Electric

KARACHI: K-Electric (KE) has received a fresh Public Announcement of Intention (PAI) from Shanghai Electric to acquire 66.4 per cent voting shares...

PSX saw three IPOs in 2017, five in pipeline for 2018

LAHORE: As the year end looms, Pakistan Stock Exchange has had its fair share of achievements and heartbreaks, but a Topline Security...

Pakistan’s largest refinery project contract awarded to TechnipFMC

The project will be managed and operated by a wholly-owned subsidiary, PARCO Coastal Refinery Limited (PCRL).

Govt asked to recover Rs100bn from ‘corrupt’ IPPs

–Probe claims IPPs signed agreements in bad faith to mint billions at govt’s expense, overstated costs —Experts say that claims made in the...

Petrol, diesel prices slashed by Rs2 for April 2018

ISLAMABAD: The government on Saturday announced a reduction in prices of petrol and diesel by Rs2.07 and Rs2.00 per litre, respectively, for...