Govt to supply RLNG to revive 2,500MW power plants

KARACHI: To bolster its power generation capacity to cope with the present power crisis, the government has decided to revive two defunct power units...

Oil prices rise, buoyed by Iran sanction worries

London Brent crude for new July delivery was up 21 cents at $74.90.

ADB may join to TAPI pipeline financing

The Asian Development Bank (ADB) does not exclude the possibility of funding the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline construction, Chin Choon Fong, senior advisor at...

Oil prices rise; still set for third weekly drop on oversupply

Brent oil rose 7 cents to $72.65 a barrel by 0354 GMT, after rising to $73.04 earlier in the day.

K-Electric reports rise in profits of 15.53pc

Karachi: In a notification sent to the bourse on Wednesday, K-Electric reported its results for the financial year 2016 ended June 30th. It reported an...

Saudis ready to swing oil market into deficit

MOSCOW: Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash of 2014. Crown...

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...

Pakistani power plants’ capacity cost conundrum

'Return on equity in India is 14% as opposed to 17-20% in Pakistan, local loan spread in India is specified by the Bank of...

Asian shares mostly lower as investors watch trade talks

Japan’s benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading and Australia’s S&P/ASX 200 gained 0.5 percent to 6,170.30

Oil slumps three percent, near lowest in a year as stock markets sink

OPEC and other oil producers including Russia agreed this month to curb output by 1.2 million barrels per day (bpd) in an attempt to drain tanks and boost prices

Sindh to establish its ‘first-ever’ RLNG power plant

KARACHI: Sindh is in negotiations with the federal government for establishment of its first ever re-gasified liquefied natural gas power plant of 1,200-megawatt capacity. The...

Oil and gas sector contributed Rs1 trillion in revenues to national exchequer during 2016-17

Islamabad: A local newspaper has reported that the oil and gas sector was the major contributor to national exchequer by contributing over Rs1 trillion...

KP gives nod to center’s proposal for forming upstream regulator

ISLAMABAD: Khyber-Pakhtunkhwa (KP) has given its nod to the center’s proposal for an upstream regulator that would overlook matters linked to oil and gas...

PPL makes new discovery of gas reserves in Matiari

Pakistan Petroleum Limited (PPL), the second largest gas explorer said Thursday it has found new gas reserves in district Matiari, in southern province Sindh,...

Seven Pakistani entities added to US export control list

The United States has added seven Pakistani companies to a list of foreign entities that are subject to stringent export control measures, according to online...

Popular News

FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

Latest News

Zuckerberg open to scaling back Libra plan

WASHINGTON DC: Facebook chief executive Mark Zuckerberg opened the door on Wednesday to scaling back plans for its digital coin Libra if it cannot win...