AEDB to finalise renewable energy policy draft on 22nd

The Alternative Energy Development Board (AEDB) would hold a consultative meeting with all stakeholders on August 22 for the finalisation of the draft Alternate...

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...

Power tariff likely to be hiked by another Rs3.5 per unit

The government of Pakistan, following its agreement with The International Monetary Fund (IMF) is likely to increase the power tariff by another Rs3.5 per...

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 in the...

‘Mohmand Dam construction contract to CGGC-DESCON made on merit’

WAPDA chairman says int’l bidding for eligible firms was invited for procurement in accordance with PPRA and PEC provisions ISLAMABAD: Water and Power Development Authority...

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...

NEPRA grants license for 11.80MW hydel power plant in KP

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has granted the power generation licence to Pakhtunkhwa Energy Development Organization (PEDO) for its 11.80MW Karora Hydel...

Sahiwal Coal Power Plant fully meets standards set by WB, EU

SAHIWAL: Huaneng Shandong Ruyi (HSR) Energy Limited, responsible for operations of the Sahiwal coal-fired power plant on Friday claimed that the plant was one...

Kuwait’s Enertech to finance power projects in Sindh

KARACHI: Sindh government and Kuwait's national company have signed a memorandum of understanding (MOU) with regard to a major investment in Sindh's power sector. The...

Country’s oil import bill surges by 30.43pc to $12.928bn

KARACHI: Pakistan’s oil import bill rose nearly 30.43 per cent year-on-year to $12.928 billion in July-May 2017-18 owing to an increase in global prices...

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...

K-Electric posts Rs10.4bn profit for FY17

The Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private...

‘Rs51bn recovered from power sector in four months’

ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...

K-Electric says finalization of financial statements for FY17 & F18 facing delays

The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18

No increase in power tariff for consumers using up to 300 units: minister

ISLAMABAD: Power Division Minister Omar Ayub Khan said on Saturday that there would be no increase in tariff for the domestic electricity consumers using up...

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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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APG adopts Pakistan’s 3rd Mutual Evaluation Report

ISLAMABAD: The six-day 22nd annual meeting of the Asia-Pacific Group on Money Laundering is being held in Canberra, Australia. A senior-level delegation from Pakistan, headed...