Oil refineries earned Rs500 billion under ‘deemed duty’ since 2002
Deemed duty was provided by the government as an incentive to make oil refineries upgrade their plants which would result in the production of environment-friendly and higher-grade fuel
PM reduces prices of petrol, diesel
LAHORE: In the latest development, on the recommendations of Oil and Gas Regulatory Authority (OGRA), the Prime Minister of Pakistan, Imran Khan...
Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support
International Brent crude oil futures were at $77.70 per barrel at 0232 GMT, down 7 cents from their last close
Haroon Oil, Gulf Oil reach strategic partnership
HOL will act as the distributor of GOMEL in Pakistan
Energy ministry recommends drastic cut of Rs22.94 in diesel price
Oil and Gas Regulatory Authority has proposed a decrease of Rs6 in the price of HSD to Rs106 per litre, Rs2 in the price of petrol to Rs93 per litre, 30 paisa in kerosene oil to Rs83.25 per litre and 70 paisa in the price of light diesel oil to Rs76 per litre
SEZs under CPEC to help in the creation of new jobs: Makhdoom Khusro Bakhtiar
ISLAMABAD: Minister for Planning, Development & Reform, Makhdoom Khusro Bakhtiar has said that development of the Special Economic Zones (SEZs) is the...
PML-N govt ostensibly accepted ‘strict’ terms for LNG supply deal with Qatar: sources
ISLAMABAD: Initial scrutiny of the LNG supply deal between Qatar and Pakistan initiated by the incumbent minister for petroleum division Ghulam Sarwar...
Oil prices rise on decline in US fuel inventories, looming Iran sanctions
SINGAPORE: Oil prices rose on Thursday, extending solid gains from the previous session on a fall in US crude inventories and expected...
Power distribution companies T&D, non-payment losses a hefty Rs110 billion
KARACHI: Power distribution companies, including K-Electric, have incurred more than Rs110 billion in overall losses on supply wastage and non-receipt of bills...
NEPRA approves tariff raise of Rs0.36 per unit
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved an enhanced tariff by Rs0.36 per unit on account of fuel adjustment for...
Aramco doubles scientists in technology patent spree: report
US technology patents on the rise
Aramco scientist intake also surges
LONDON: Saudi Aramco is boosting its patented technologies after doubling its...
PML-N’s haste results in hit worth billions, threatening rupture in power supply
KARACHI: Breathless haste, casting caution and procedures to the wind, the Pakistan Muslim League-Nawaz (PML-N) government tried to bring online power projects before...
Fatima Fertilizer’s gross profits jump 68pc amid decreasing cost of sales
Despite a 2 per cent reduction in Fatima Fertilizer Company’s sales, its bottom line rose up significantly, due to decreased cost of...
ECC likely to take final decision about future gas prices
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet is set to decide either to fully pass on the hike in gas...
Tapi project to be completed during PTI’s tenure, Senate told
ISLAMABAD: The minister for Petroleum and Natural Resources Ghulam Sarwar Khan Tuesday said the government would complete the Turkmenistan, Afghanistan, and Pakistan (TAPI)...