Govt collects Rs385bn from petroleum levy in two years
ISLAMABAD: The federal government has collected around Rs385 billion on account of the Petroleum Development Levy (PDL) in the last two years...
Senate approves setting up of tribunal to challenge Nepra decisions
ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...
IESCO, FESCO, and GEPCO to be privatised in first phase, Senate body informed
Provinces show no interest; steps underway to clear Discos' balance sheets, transfer properties and shift shares from WAPDA to government, says Power Division Secretary
Oil prices slightly down, as US crude reaches two-year highs
SINGAPORE: Oil prices eased on Thursday, with U.S. crude dipping away from two-year highs reached the day before, but the shutdown of...
NEPRA raises electricity tariff by Rs1.9 per unit as FCA in additional burden on consumersÂ
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified an increase in the price of electricity by Rs 1.90 per unit...
Gas shortage and power plants tripping cripples’ national grid
Pakistan Electric Power Company (PEPCO) on Friday disclosed total power generation stood at 9,800 megawatts, whilst demand was 12,500 megawatts, resulting in a shortfall of 2,700 megawatts
Petroleum Policy 2012 to be revised, new zone-1 (f) to be created for tapping hydrocarbon reserves
Under the Petroleum Policy 2012, an incentive package is available for onshore areas taking risk and investment requirements into consideration
Water scarcity could topple all economic efforts in near future
ISLAMABAD:Â To ensure overcoming water shortage and achieving sustainable economic growth, the Islamabad Chamber of Commerce and Industry (ICCI) Saturday called upon the...
Energy sector reforms drive 35% rally as E&P recovery ratios surpass 100%: report
Price hikes and new discoveries boost production, and curb the buildup of circular debt in gas sector, says Intermarket Securities
Oil prices fall on prospects of increasing supplies
Brent crude futures, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down 23 cents, or 0.3 percent, from their last close
Nepra warns reduced hydel generation will affect proposed tariff adjustments for FY 2025-26
Shift in energy mix follows a sharp decline in rainfall across the country, which will affect the anticipated relief for consumers next year
Power subsidy: Finance ministry to release Rs 104 bln for energy crisis
The ministry of finance, at last, decided to release an amount worth Rs 104 billion in order to settle the pending power...
Petroleum prices may skyrocket to three-year highs
ISLAMABAD: Oil prices of various POL products are set to rally to their highest point since November 2014, with diesel expected to...
Govt approves fuel relief package for refineries, raises petroleum levy to Rs90/litre
Rs34bn refinery bailout to be funded by consumers amid rising fiscal pressure; petrol and diesel prices set to increase further
Asian shares rise on Wall Street gains amid trade friction
Japan’s benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia’s S&P/ASX 200 gained 0.5 percent to 5,685.50 in early trading