K-Electric wins regional award for best use of technology

Pakistan’s only vertically integrated power utility, K-Electric has won the ‘Best Use of Technology’ Award in the 'Best Customer Innovation' category at the Genesys...

NEPRA imposes heavy fine on NTDC

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs 5 million on National Transmission and Despatch Company (NTDC) due to...

Oil stable on trade talk optimism and OPEC cuts, but slowdown looms

International Brent crude futures were at $57.43 per barrel at 0218 GMT, up 10 cents, or 0.1 percent from their last close

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...

FBR releases notification for hike in petroleum products

ISLAMABAD: The Federal Board of Revenue (FBR) on Sunday released the notification for an increase in prices of petroleum products. The recent hike, which was taken...

Iran planning to increase electricity exports to Afghanistan, Pakistan

TEHRAN: Iran is considering plans to increase electricity exports on Afghanistan and Pakistan by linking its power grid to the countries. “Given the fact that neighbouring countries, especially Afghanistan and Pakistan, need electricity,...

PSO reports 43.63pc increase in profits for FY 2016-17

Karachi: In a notification sent to the bourse on Tuesday, Pakistan State Oil reported its earnings for the financial year ended 2016-17. PSO reported a...

NEPRA likely to increase power tariff by Rs1.93 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is likely to approve Rs1.9 per unit increase in power tariff under the head monthly fuel...

PML-N’s performance review contrary to claims

High fiscal slippage, falling reserves, and rising debt major threat to the economy.

Second Pakistan energy sukuk worth Rs200bn launched to pay circular debt

Earlier, in March, the government issued the first tranche of bonds worth Rs200 billion and Meezan Bank was the largest investor in the Sukuk with the participation of Rs88 billion

Pepco commences investigation into IESCO scam

As per the documents, the auditors during their investigation of IESCO’s records uncovered misappropriation of Rs53.9 million dues to unneeded expenditures on the construction of a duct line

WAPDA chairman discusses financing for WAPDA projects with French ambassador

LAHORE: The Pakistan Water and Power Development Authority (WAPDA) Chairman Lieutenant General (retd) Muzammil Hussain today called on the French Ambassador to Pakistan Marc Barety...

Asian stocks slip due to high yields, as oil prices remain high

SYDNEY: Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations while keeping a wary eye...

PM Shahid Khaqan Abbasi inaugurates Pakistan’s 2nd LNG terminal

KARACHI: Pakistan expects the first cargo of liquefied natural gas (LNG) for its new terminal to be delivered on Friday, Prime Minister Shahid Khaqan...

Oracle extends £1m facility to Pakistan for Thar thermal power station

London: Oracle Power has set up a £1mln short-term loan to provide working capital while negotiations continue over funding for the Thar thermal power...

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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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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...